Many people braved the early Thanksgiving Day rush to the stores for Christmas shopping. Black Friday drew more people seeking sales.
But by Saturday the shopping climax had run its course, and a denouement lull had taken over. For example, there was no waiting Saturday in normally long lines at a Kansas City area Wal-Mart.
The same was true at another area retailer. For the Thanksgiving holiday, stores opened earlier than normal and advertised more to capture Christmas shoppers.
They drew the crowds, but sales were not what retailers had hoped for. The New York Times reports that people spent $1.7 billion less on holiday shopping than they did at the same time in 2012, according to the National Retail Federation, a retail trade organization.
By Saturday, people were exhausted, and it showed in many stores. Let’s hope that picks up ahead of Christmas.
Otherwise, 2014 will be a very difficult year for the U.S. economy.