But where it goes from here remains to be seen. The solid sales followed months of sluggish business for many retailers. But the Thanksgiving weekend receipts were the result of hard work on the part of merchants. Faced with an overall drop in consumer spending, retailers began discounting earlier than usual and focused more on what they expected to be the hot items. A combination of stock market volatility, high interest rates and rising fuel prices have made consumers cut back on things they don't really need.
Analysts say the unresolved presidential election has contributed to the economic uncertainty.
Still, the uncertainty wasn't evident in stores in Wichita over the weekend. Techno-dogs, scooters, sweaters, flannel shirts, children's sweatshirts and Kansas State University merchandise were popular items at J.C. Penney at Towne West Square, said Donna Shackelford, a department manager. And since the weather has turned colder, coats have been selling well, Shackelford said. Business was strong online over the weekend. Retailers, however, were still cautious, well aware that there was nearly a month left to the season.