Tuesday, 30th November 2004 (4433 views)

The US Thanksgiving weekend brought in revenues of more than $22 billion, with luxury goods proving particularly popular, according to the latest research figures from the National Retail Federation (NRF).

The BIGresearch survey suggested that total sales for the holiday period went up 4.5 per cent in comparison to last year, with the day after Thanksgiving proving particularly profitable, as sales rose by more than ten per cent.

An estimated 16 per cent of shoppers splashed out on jewellery or precious metal accessories, with luxury goods generally performing well.

With gold jewellery continuing to be in demand in the US, the Thanksgiving bonanza could be good news for the industry.

 

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