Roughly 65% of consumers made a purchase (online/store) this year over the Thanksgiving holiday weekend, with 15% incremental uplift versus last year and a weighted average spend of $420.
J.C. Penney gave its investors — and the retail industry — some good news on Friday, topping Street estimates and reporting better than expected sales for its third quarter.
It's only the beginning of November, but some ominous indicators are surfacing for department stores as they head into their most important shopping season.
