Black Friday 2017 -- The View from 30,000 Feet
Changing consumer habits have upended the U.S. retail landscape in the past few years. In 2017, retailers have closed stores at a rate never before seen outside of a recession. As a result, many investors have been worried that retailers won't have a merry holiday quarter this year.
In this episode of Industry Focus: Consumer Goods, Vincent Shen is joined by senior Fool.com contributor Adam Levine-Weinberg to look at some early data from Black Friday weekend sales. While consumer spending continues to shift toward e-commerce, foot traffic held up much better than expected on Thanksgiving and Black Friday. This bodes well for retailers' holiday quarter results.
A full transcript follows the video.
Source: Fool.com
