Shopping and Spending on the reboundIf you thought holiday shoppers were going to take a breather after Black Friday, you thought wrong.

Following a record Black Friday on Nov. 24, retail sales hit new heights on Super Saturday, Dec. 17 -- the penultimate shopping Saturday before Christmas and a day when retailers trot out themed sales promotions. It's a sign that many consumers have rebounded from the recession and unleashed pent-up buying demand, according to a new report from Customer Growth Partners, the retail and consumer products market research and consultancy firm.

Super Saturday pulled in approximately $26 billion in retail sales, breaking the record of $25 billion set in 2007, according to CGP, which tracked business at the nation's 35 biggest retailers.

Those Americans who are employed have "refinanced their homes and cut down on credit card debt, so many consumers are a lot healthier than they were a few years ago," Craig Johnson, CEO of CGP, tells DailyFinance.

And now they're ready to part with some coin. "There's a lot of pent-up demand. People stopped spending during the recession whether they had a job or didn't have a job."

Johnson noted the Federal Reserve's household debt service ratio -- which measures how much disposable income goes to paying down debt -- is at 11%, its lowest level since 1994, down from its peak of 14.1% in the fourth quarter of 2007.

But beyond the seemingly improved financial health of American shoppers, retailers are finally giving them a reason to buy, he says. "For the first time in years -- since well before the recession -- there's some newness and excitement in the stores," particularly in apparel and consumer electronics.

Some hits this year with shoppers include Macy's (M) exclusive clothing line from iconic designer Karl Lagerfeld, and Versace's apparel collection for H&M. And in consumer electronics, shoppers were enticed by new e-readers, tablet computers like Amazon's (AMZN) Kindle Fire, and smartphones.

CPG predicts that consumers might even spend more on Black Monday -- the day after Christmas -- than they did on Super Saturday, with more shoppers "self-gifting" this holiday season.

Target (TGT), for one, is wooing shoppers with a Black Friday-style sale on Dec. 26. The retailer will offer discounts of up to 50% off on popular women's and kids' clothing, as well as home and holiday decor. Doors will open at Target stores at 7 a.m. on Monday.







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mike & nancy

I live in charlotte and I just don't see the people out in the mall's, wally's and target. I know lots of people going into their 2nd and 3rd year of no work and are not trying because they can't find a job that will pay equal to what unemployment pays, their comment Is I will ride this horse until it dies!..............

December 26 2011 at 6:32 PM Report abuse rate up rate down Reply
Mike

my as s, real inflation is more than double spending increase! THIS MEANS less was sold it just cost more, THATS CALLED CONTRACTION, da. Got gold?

December 26 2011 at 11:08 AM Report abuse rate up rate down Reply
Nikacat

All in all, these were some pretty good comments. Congratulations folks. For what it's worth, I noticed that my attention span runs to about eight lines. If you posted a comment longer than that, I usually skipped the rest and turned to the next comment in line. Just trying to be helpful.

December 25 2011 at 9:50 PM Report abuse +1 rate up rate down Reply
savemycountry911

'Twas the night before voting and the Senate and House
Couldn't agree and Obama just groused.
More liberal than Commies his cronies they came.
He whistled and shouted and called them by name,
"On Biden, Pelosi, Soros and Reid.
If the rich don't pay more we'll just call it greed."
And I heard him say in a whispered hush,
"If all else fails we'll just blame Bush."

December 25 2011 at 8:39 PM Report abuse -1 rate up rate down Reply
savemycountry911

MERRY CHRISTMAS TO ALL..............even the lunatic left.

December 25 2011 at 5:01 PM Report abuse -3 rate up rate down Reply
Mike

Fed res dollar printing has increased to keep up with US treasury's need for them as debt buyer of last resort. Euro is doing same for their debt but doesn't hold the luxury as world's res currency. Fed exports it's inflation to the world euro can't & WILL hypor inflate to ZERO. Europ will run to the dollar as others trade for gld/slvr. Even with small demand increase gld/slvr price rise outside the fed's ability to keep suprpressed & dollar will start its final fall, world WILL panic & gld/slvr will BE only reserve currency. World fiat monotary system is collapsing & we face deep depression. Got Gold? China & India does, why's that you figure?

December 25 2011 at 4:55 PM Report abuse rate up rate down Reply
LEE Resolution

"Record super Saturday" signals nothing.

Folks still don't have jobs, the national debt still climbs at break neck speed, gas prices are still through the roof.

Barbara Thau should never have attached her name to this nonsense...

December 25 2011 at 10:15 AM Report abuse -2 rate up rate down Reply
1 reply to LEE Resolution's comment
Mike

still pretending to be a conservative I see, did you miss me libtard?

December 25 2011 at 4:56 PM Report abuse +1 rate up rate down Reply
maa2626

why we are on the subject -- I suggest we put our tax money in an escrow account until obama, house and senate produce a budget. as a business owner I cannot get a loan unless I have assets or a business plan. why do we pay our taxes to the feds who have no plan, no budget, stopgap mesures, unfunded liabilities, and trillons in debt with no way to pay it back?

December 23 2011 at 4:26 PM Report abuse -1 rate up rate down Reply
1 reply to maa2626's comment
bggdg

As a business owner, you can't steal citizens assets at your discretion. Instead, you are forced to rely on voluntary exchange, meaning you must supply something of value in exchange for customers resources.

If you could just steal to your heart's content, you'd be able to borrow money too.

December 23 2011 at 7:18 PM Report abuse -1 rate up rate down Reply
2 replies to bggdg's comment
maa2626

made me chuckle, thanks

December 23 2011 at 7:56 PM Report abuse rate up rate down
Mike

Hey bgdg aol let me back on yipee, got gold?

December 25 2011 at 5:08 PM Report abuse rate up rate down
ThinkUp70

Americans are spending their hard-earned money, via their "little plastic cards", for "stuff" that was manufactured in all the "other" countries that have made America desolate in employment.

Americans need products that are "Made in America".

December 23 2011 at 2:49 PM Report abuse +2 rate up rate down Reply
Ron

Everyone is buying up DEALS! NOT because everthing is great! It SUCKS with Obama yet DEALS make us feel better FOR A MOMENT!

December 23 2011 at 12:06 PM Report abuse -1 rate up rate down Reply
1 reply to Ron's comment
chris1011

Speak for yourself, loser!

December 23 2011 at 12:34 PM Report abuse rate up rate down Reply