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Record crowds over weekend, but spending declined

December 1, 2013 • Business


Protestors stream past the entrance to a Walmart store on Universty Avenue in St. Paul, Minn. on Black Friday, Nov. 29, 2013. On one of the busiest shopping days of the year, hundreds rallied to draw attention to low wages for retail workers and janitors. (AP Photo/Pioneer Press, Scott Takushi)

NEW YORK (AP) — Did stores shoot themselves in the foot?

Target, Macy’s and other retailers offered holiday discounts in early November and opened stores on Thanksgiving Day. It was an effort to attract shoppers before Black Friday, the day after Thanksgiving that traditionally kicks off the holiday shopping season.

Those tactics drew bigger crowds, but failed to motivate Americans to spend.

A record 141 million people are Login to read more

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