Tech sales okay; consumers wait for Cyber Monday

A struggling U.S. economy was given a strong boost after solid Black Friday sales, where shoppers braved long lines and cold weather to spend money during a rather uncertain financial era.

The entire sales for Black Friday totaled $10.6 billion -- even though it's not as high as sales last year, it still surpassed analyst expectations.  Many retailers snatch up 10 percent of their overall holiday sales just on Black Friday alone, which allows them to keep prices elevated rather than cut prices closer to Christmas.

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Brick and mortar stores saw weaker Black Friday sales, but more consumers went online to get their shopping done.  Research group comScore indicates nontravel retail sales raked in $534 million, a 1 percent increase from $531 million last year.

Consumers looking to purchase a new HDTV, Blu-ray player or other devices can expect to see good prices up to Christmas, as companies continue to slash Blu-ray prices.  The recent price cuts have some journalists and consumers wondering when we'll see $99 or less Blu-ray players available in stores.

Cyber Monday, the online retail shopping day, takes place tomorrow, which should help further increase sales.  Many shoppers will head online to purchase electronics and computer gadgets, with online retailers offering deep discounts for people willing to break in their credit cards.

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Sites such as Amazon and Newegg are expected to do well leading up to Christmas, despite economic concerns from shoppers.  Retailers are expected to keep prices low to help attract consumers who are being much more careful with the money they spend this year.

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