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US breaks $1bn in online Black Friday sales for first time

Shoppers pack into the Manhattan Mall during the Black Friday sales on November 23, 2012 in New York City. AFP

US shoppers spent heavily online on the crucial Black Friday shopping day, for the first time topping a billion dollars in online sales in a single day, analysts and retailers said.

Posted: November 26th, 2012 in Latest Business Stories | Read More »

Black Friday creeps into Thanksgiving in US

In this Friday, Nov. 25, 2011, file photo, a crowd of shoppers wait outside the Target store in Lisbon, Connecticut, before the store opens for Black Friday shopping at midnight. Stores are making a big push to lure in bargain-hungry shoppers before Friday after Thanksgiving, the traditional start of the holiday shopping season. They are putting on special sales that further creep into Turkey Day, and earlier.  AP PHOTO/THE DAY, SEAN D. ELLIOT

The start of the American holiday shopping season, known as Black Friday, typically begins with stores opening in the wee hours of the morning on the day after the Thanksgiving harvest holiday. But Black Friday, named for the period when stores traditionally turn a profit for the year, has crept earlier and earlier into Thanksgiving over the past few years, and some critics say a holiday that is supposed to bring families together is losing out to mass consumerism.

Posted: November 23rd, 2012 in Latest Business Stories | Read More »

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