Sunday, November 25, 2012

Media Still In Protection Mode


More shoppers walked into malls and stores on Black Friday this year compared to last, but they didn’t spend as much, according a report released Saturday by ShopperTrak.
Compared to Black Friday last year, retail foot traffic rose 3.5 percent, to more than 300 million store visits.
“We think that’s an indication that the housing market is a little better, the job market is a little better – consumer confidence is up,” said Bill Martin, the founder of the Chicago-based retail-foot traffic counter. Last year foot traffic was up 4.7 percent from 2010.
 
Yeah...people walking around in the Mall without buying is a DEFINITE indication that the housing market is a little better, the job market is a little better- consumer confidence is up.

It's also a clear sign that the media will do ANYTHING to protect their chosen president.  Apparently, purchasing is no longer a valid aspect of retail sales determination.  Instead, it is just showing up at a store.

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