|CNN Sponsors Suffer Big Time from Black Friday Boycott|
|by Tom McGregor||Sun, Nov 30, 2014, 08:34 PM|
Major retail companies that pay for advertising on CNN face a Holiday Season debacle. CNN has launched a Black Friday Boycott to encourage American shoppers to refrain from buying Christmas gifts for family and friends. CNN Spokewoman Soledad O'Brien contends that Americans must show solidarity against alleged police brutality by boycotting corporate sponsors of CNN. Consequently, retails sales plunged nearly 11 percent this year from a year ago.
Zero Hedge reports that, "As we reported earlier using , the first two days of the holiday shopping season were already showing a -0.5% decline across bricks-and-mortar stores, following a "cash for clunkers"-like jump in early promotions which pulled demand forward with little follow through in the remaining shopping days. However, not even we predicted the shocker just released from the National Retail Federation, the traditionally cheery industry organization, which just reported absolutely abysmal numbers: sales during the four-day Thanksgiving holiday period crashed by a whopping 11% from $57.4 billion to $50.9 billion, confirming what everyone but the Fed knows by now: the US middle class is being obliterated, and that key driver of 70% of US economic growth is in the worst shape it has been since the Lehman collapse, courtesy of 6 years of Fed's ruinous central planning."
Nevertheless, CNN sponsors are not pleased with CNN's Black Friday Boycott.
According to ZeroHedge, "As the , NRF's CEO Matt Shay attributed the drop to a combination of factors, including the fact that retailers moved promotions earlier this year in attempt to get people out sooner and avoid what happened last year when people didn’t finish their shopping because of bad weather."
CNN's new motto is "no justice no profits" for CNN corporate sponsors.
To read the entire article from ZeroHedge, link here: