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U.S. Retailers’ Push Into Thanksgiving Hurts Black Friday

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A move by U.S. retailers to extend hours on Thanksgiving took a toll on Black Friday traffic, without spurring total sales over both days, according to research firm ShopperTrak.

While store traffic climbed 27 percent on Thanksgiving compared with a year earlier, it dropped 5.6 percent the next day, which has traditionally served as the kickoff to the holiday shopping season. Sales on both Thursday and Friday totaled $12.29 billion, Chicago-based ShopperTrak estimated in a report yesterday, down 0.5 percent from $12.35 billion in the same two-day period last year.