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Black Friday Reaction; Beware Justin Bieber; There's an App for Malls(Holiday Weekend Roundup)

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We made it through Black Friday and the rest of the weekend. NRF's early take is that up 0.5 percent. ShopperTrak's numbers are extrapolated off the traffic counts the company conducts at malls.

Barry Ritholz looks at why the earliest numbers that get reported are a bit suspect. We'll get more reliable figures tomorrow. That's when ICSC and Goldman Sachs report the first weekly holiday same-store sales stats. Still, all the early numbers should be viewed with some skepticism and we really need to wait until the full season has passed and we started getting the monthly same-store sales numbers from retailers. We'll get November numbers in early December. That will be the first really clear view of how the holiday shopping season is panning out.

As the stats come rolling in, the Wall Street Journal has a report that wonders if any of the holiday sales predictions matter. Most of the previews come out in September and October. Is that too soon for forecasts? The report also looks at the methodologies of the different prognosticators and wonder if any are accurate enough.

Here are some other news and notes from the last few days.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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