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Strong Black Friday Sales Boost Consumer Cos
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BIGBEN Interactive Achieves Sales Growth
Baby Store Rebirth
Buybuy Baby Store Closures
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Consumer companies saw a surge in stocks as Black Friday sales rose, with health and beauty brands experiencing significant growth. However, foot traffic at U.S. retailers increased by only 2.1%, and Foot Locker's shares plummeted after being downgraded by Citi. Additionally, U.S. new-home sales fell by 5.6% in October, while the new owners of Buybuy Baby reopened 11 stores, anticipating continued demand for in-person shopping.
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How might the rise in Black Friday sales impact consumer spending habits and retail strategies in the long term?
In what ways might the downgrade of Foot Locker and the reopening of Buybuy Baby stores influence the retail landscape?
What factors could have contributed to the decrease in foot traffic at U.S. retailers despite the overall sales growth?
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