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theamericanscene.com - 12/3/2008
Red Friday
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In the end, what matters to business success is free cash flow. There was a lot of positive reaction to the fact that Black Friday retail sales in the U.S. were up about 3% vs. last year. Many observers thought this indicated we might dodge a bullet again this Christmas shopping season. ...
corner.nationalreview.com - 12/2/2008
Red Friday
— corner.nationalreview.com — In the end, what matters to business success is free cash flow. There was a lot of... positive reaction to the fact that Black Friday retail sales in the U.S. were up about 3% vs. last year. Many observers thought this indicated we might dodge a ... (more) Red Friday
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Megan McArdle:  Black Friday: Not so black after all

The Daily Dish | By Andrew Sullivan:  Red Friday?

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Blog Reactions

Black Friday: Not so black after all
Megan McArdle — I was going to do a post on why we shouldn't get excited about Black Friday's 3% increase in sales year-over-year, but Jim Manzi beat me to it, and did it better: ...

Red Friday?
The Daily Dish | By Andrew Sullivan — Don't get your hopes up. Manzi: There was a lot of positive reaction to the fact that Black Friday retail sales in the U.S. were up about 3% vs. last year. Many observers thought this indicated we might dodge a bullet again this Christmas shopping season. The biggest problem with this, of course, is that we don’t know how much discounting had to be done to generate this sales growth. Anecdotal reports are that it was massive, and sufficient to reduce total profit even after the increase in unit sales. ...

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