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Deloitte: More than half of consumers to shop over Thanksgiving weekend
New York City -- A survey released Tuesday by Deloitte, which polled 1,000 consumers, found that the majority – 51% – will shop in stores or online over the Thanksgiving weekend. Among them, 66% plan to shop in stores on Black Friday and 17% plan to shop in stores on Thanksgiving Day.
The survey also found that shoppers expect to spend an average of $224 over the holiday weekend.
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Fred's Q3 profit rises 16%
Memphis, Tenn. -- Discounter Fred's Inc. reported Tuesday that profit for the third quarter rose 16% to $9 million, compared with $7.8 million a year earlier.
Revenue increased 2% to $444.4 million from $435 million last year, missing Wall Street’s expected $446.5 million in revenue.
Same-store sales rose 1.5%.