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Black Friday foot traffic up, spending flat

The first major shopping weekend of the holiday season drew more crowds to stores than a year ago, even as spending remained flat, a sign that consumers are in the mood to shop when the price is right.

Foot traffic at U.S. malls and retail outlets rose 2.8 percent for the three days following Thanksgiving, compared with the same period last year, according to ShopperTrak, a Chicago-based research firm. Retail sales remained unchanged from the same period a year ago at $20.49 billion.
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