- Holiday retail sales are only 3.4% of U.S. GDP
- Holiday retail sales as a percentage of ANNUAL retail sales is between about 20% (not 50% as is often assumed). If we assume Christmas shipping is two months, this is not too far off from linear (16.7% would be the amount of sales if a retail store had linear monthly sales).
Monday, November 29, 2010
"Black Friday" Sales Volume Has No Bearing on GDP
A great article at Zero Hedge shows that, like most things that everyone "knows", Black Friday is an urban myth when it comes to the economy:
Posted by Director Mitch at 2:47 PM