So Much For A "Record Black Friday": November Retail Sales Miss Big

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Tue, 12/13/2011 - 09:39 | 1973378 fonzanoon
fonzanoon's picture

So far futures have barely moved on this news. Dupont revised their outlook UP from their previous revision DOWN 2 days ago.

Tue, 12/13/2011 - 09:45 | 1973405 slaughterer
slaughterer's picture

Congratulations to ZH for calling out the Black Friday hype well before this confirmation. 

Tue, 12/13/2011 - 09:49 | 1973420 CORNGUY
CORNGUY's picture

Numbers don't matter.

 

Only Speculation.

Tue, 12/13/2011 - 10:03 | 1973479 curbyourrisk
curbyourrisk's picture

Numbers don't matter.

Speculation is just a feeling.

 

PERCEPTION IS THE ONLY THING THAT MATTERS........

Tue, 12/13/2011 - 10:49 | 1973692 NotApplicable
NotApplicable's picture

Numbers do matter! See, it takes the power of "negative margins with near-infinite volume" to create the magical confidence we know as TBTF.

Remember, we have to do something

Tue, 12/13/2011 - 09:56 | 1973447 SheepDog-One
SheepDog-One's picture

Dupont re-crystaled their balls from 'outlook negative' 2 days ago to 'outlook positive'? 

Based upon what, ramp in explosives sales?

Tue, 12/13/2011 - 10:08 | 1973499 EscapeKey
EscapeKey's picture

Executive bonuses will now be larger.

Tue, 12/13/2011 - 10:37 | 1973633 walküre
walküre's picture

They "misspoke"

Tue, 12/13/2011 - 09:39 | 1973379 My Taint
My Taint's picture

SNAP cards don't work at Best Buy? Fuck me.

Tue, 12/13/2011 - 09:57 | 1973450 jeff montanye
Tue, 12/13/2011 - 10:38 | 1973641 Potemkin Villag...
Potemkin Village Idiot's picture

BEST BUY to roll out it's new grocery department in 5...4...3...2...

Tue, 12/13/2011 - 09:40 | 1973381 AngryGerman
AngryGerman's picture

since when are fundamentals important again??

Tue, 12/13/2011 - 09:40 | 1973382 Saxxon
Saxxon's picture

That was the joke about WMVN in early 2000;

"We're losing money on every sale".

"That's OK, we'll make it up in volume".

Tue, 12/13/2011 - 09:50 | 1973426 midgetrannyporn
midgetrannyporn's picture

$2 waffle makers told the tale.

Tue, 12/13/2011 - 10:17 | 1973539 Dr. Richard Head
Dr. Richard Head's picture

So that pepper sprayin cunt didn't need to blast everyone for her mind control machine....I mean Xbox.  I'll give her Xbox.

Tue, 12/13/2011 - 12:24 | 1974316 Almost Solvent
Almost Solvent's picture

Make it up on volume.

 

Reminds me of the Michael Scott Paper Company.

Serving Scranton's Paper Needs In 2009.

Tue, 12/13/2011 - 09:40 | 1973384 Irish66
Irish66's picture

Fomc to peg unemployment to what?  Little help!

Tue, 12/13/2011 - 10:19 | 1973546 Dr. Richard Head
Dr. Richard Head's picture

Due to the excessive rain in the Ohio River Valley and unexpected snow storm in the Northeast, unemployment rose as interviewees couldn't get to the interviews out there.  Here's Tom with the weather.

Tue, 12/13/2011 - 10:40 | 1973654 Potemkin Villag...
Potemkin Village Idiot's picture

Weatherman Tom here:

Today's forecast: "In the ROCKY Mountains... Cloudy... In the CLOUDY Mountains... Rocky"

Tue, 12/13/2011 - 09:40 | 1973386 MassDecep
MassDecep's picture

"Expect lower Q4 GDP revisions based on this data"

Expect lies and distortions from the Czars.

Tue, 12/13/2011 - 09:53 | 1973435 junkyardjack
junkyardjack's picture

Spending was down because people were worried about the floods in Thailand

Tue, 12/13/2011 - 09:59 | 1973463 jeff montanye
jeff montanye's picture

intel-legent.

Tue, 12/13/2011 - 09:41 | 1973387 the 300000000th...
the 300000000th percent's picture

But, but, but were in a recovery?

Tue, 12/13/2011 - 13:55 | 1974745 TruthHunter
TruthHunter's picture

That's correct sir... were in a recovery

Tue, 12/13/2011 - 09:42 | 1973392 Flakmeister
Flakmeister's picture

I swear I got a larger chocolate ration in November... I really do!

Tue, 12/13/2011 - 10:18 | 1973542 EscapeKey
EscapeKey's picture

Not only was your ration increased, but the hedonic adjustment found that 10g of chocolate in its current form is the equivalent of 11g of last year's.

Lucky you!

Tue, 12/13/2011 - 10:44 | 1973671 Flakmeister
Flakmeister's picture

That Hershey's vs. Godiva thingie.... got ya...

Tue, 12/13/2011 - 12:15 | 1974257 ElvisDog
ElvisDog's picture

Along similar lines, I was in the store yesterday and wanted to buy juice. The first carton looked small. I read 59 ounces on the label. I thought "fucking bastards" and looked for a 64 oz container, because I hate it when they reduce the package size. I found out that there are no 64 oz juice containers any more. They're all 59 oz.

Tue, 12/13/2011 - 10:24 | 1973578 Freewheelin Franklin
Freewheelin Franklin's picture

No Red Cross package for you next month.

Tue, 12/13/2011 - 09:42 | 1973395 TradingJoe
TradingJoe's picture

Obviously in the market's view .2% seem to be hardly a "big miss", I truly wonder WHAT WILL!?

Tue, 12/13/2011 - 10:19 | 1973548 EscapeKey
EscapeKey's picture

Missed coupon payment.

Tue, 12/13/2011 - 09:47 | 1973396 Janice
Janice's picture

I hate Best Buy. They don't return your emails and hang up on you. The customer service at Best Buy is as poor as McDonalds. The Best Buy employees just wring their hands and explain why they can't help you. However, a friend who works at a local gun shop said that sales were booming. No pun intended. He said that he's never seen the place so busy.

Tue, 12/13/2011 - 09:57 | 1973452 junkyardjack
junkyardjack's picture

I went to best buy a few years back and spent $300-400 bucks on a wii, an extra controller and a bunch of games.  I didn't watch the cashier as she put all of my stuff in bags, stupid me I thought you could trust them, and I get home and I realize that 2 of the games that I purchased aren't in the bag.  I go back to the store and tell them that 2 of the games were not put in the bag and they look at me like I'm trying to rip them off.  I say why would I spend nearly $400 buying a video game system and then come in to try to get $50 back for some games, it makes no sense.  They looked around the cash machine where I purchased my stuff, didn't see the games as of course the cashier already moved them somewhere else and that was that.  I never went back to Best Buy again, I will laugh when they eventually go out of business, pieces of shit.

Tue, 12/13/2011 - 10:15 | 1973527 SheepDog-One
SheepDog-One's picture

Problem is they can only afford to hire retards now. I remember back in the day, Best Buy would actually have some sales people who knew what the hell they were talking about. 

Tue, 12/13/2011 - 14:01 | 1974774 TruthHunter
TruthHunter's picture

They're in the technology business.  If they cared they would note the time on your slip,

have security check the video, give you refund, and fire the clerk.  What's so hard about that?

Tue, 12/13/2011 - 10:15 | 1973526 the black arrow
the black arrow's picture

A n employee at cabelas told me that if it wasnt for the gun desk, they would likely close that store

Tue, 12/13/2011 - 12:28 | 1974343 MachoMan
MachoMan's picture

Which is strange because the margins on guns are nil...  but rare, collectible, and class 3 stuff is a different ballgame...

Tue, 12/13/2011 - 10:44 | 1973672 pods
pods's picture

I abhor Best Buy.  Obnoxious lighting, shitty music, poor organization.  Giant ADD clusterfuck!

Crikey, the only way you could get me to want to be there was if it sold drinks and had girls in cages.

pods

Tue, 12/13/2011 - 22:41 | 1977086 StychoKiller
StychoKiller's picture

Meh, never did like go-go boots; now, transparent, fsck-me platform high-heels -- MEOWWRR!

Tue, 12/13/2011 - 09:43 | 1973398 Cdad
Cdad's picture

This is good news.  Maybe American zombie shoppers figured it out, and pocketed cash instead of useless, Chinese made, redundant tech bobbles.

Tue, 12/13/2011 - 10:03 | 1973480 SheepDog-One
SheepDog-One's picture

Lets hope that is the case! The worthless bankers, who only know how to make a living by fractional reserve lending of fiat credit they counterfeit themselves, would flip out if 'the consumer' turns penny pincher.

Tue, 12/13/2011 - 09:44 | 1973403 warezdog
warezdog's picture

I had a feeling that all the "record black friday" reports were bogus and even if they were real I was betting most of that money was spent using credit cards.  Seriously, are we EVER going to get ANY real stats from ANYONE?

Tue, 12/13/2011 - 09:46 | 1973411 the not so migh...
the not so mighty maximiza's picture

hahahahah, lamstream media was stating how much of a record breaker it was but then in the end it was a wet fart.  Those women fighting over towels should haver turned it up a notch and fight for Chanel number 5

Tue, 12/13/2011 - 09:46 | 1973412 Milton Waddams
Milton Waddams's picture

just pull up a chart of one of the many publicly-traded 'dollar stores' (formerly five-and-dime stores, soon to be one hundred dollar stores) relative to, say, amazon, for an indication on retail trends.

Tue, 12/13/2011 - 09:48 | 1973416 duo
duo's picture

I bought a Toshiba tablet from the Office Depot next door to the local Best Buy (litterally 30 feet from door to door).  OD and BB had the same price, wouldn't deal, but at least Office Depot didn't treat me like a criminal.  Salespeople were equally ignorant about the products at both places.

Tue, 12/13/2011 - 09:49 | 1973421 My Taint
My Taint's picture

Go in. Price it. Then buy it online for less. The American Way!

Tue, 12/13/2011 - 10:11 | 1973510 fuu
fuu's picture

And use the Amazon price ap to piss 'em off.

Tue, 12/13/2011 - 09:48 | 1973417 mayhem_korner
mayhem_korner's picture

 

 

Black Friday = Red Friday

Tue, 12/13/2011 - 09:50 | 1973427 Tsar Pointless
Tsar Pointless's picture

Considering that every thing you buy is up nearly 10% YOY (or much more in isolated/specific cases), the fact that retail sales unadjusted spending is up slightly more than 7% YOY doesn't sound so impressive, now does it?

My household will be reducing spending beginning now, as I am losing my job in two weeks. Two people, one unemployment check. I should turn that into a television series.

"You, Me and UC" or something like that.

Tue, 12/13/2011 - 10:45 | 1973678 Absinthe Minded
Absinthe Minded's picture

Sorry to hear that TP. My father in law just got laid off, computer engineering, I wonder where his job went? Red dots come to mind though. No offense ORI. His wife has a disability and can't work, so there's another person we all have to carry on the UE max because of job outsourcing. Ain't life grand?

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