Chicago -- A report on Wednesday from ShopperTrak showed that retail foot traffic increased 3.7% and sales increased 2.3% year-over-year for the week beginning Nov. 25, ending Dec. 1.
This represented a 28.8% decline in traffic and 22.4% decline in sales from the 2012 Black Friday shopping week.
According to ShopperTrak, this sharp decline in retail foot traffic and sales is typical of the week following Thanksgiving. Shoppers may visit stores for Black Friday promotions, but often stay at home the following week as they assess current budgets and create new shopping lists.
"The holiday season has just begun,” said Bill Martin, ShopperTrak founder. “Black Friday shopping remains an American tradition -- and consumers took advantage of promotions the entire week this year. M