Black Friday weekend played out largely in line with expectations, says KeyBanc

KeyBanc analyst Noah Zatzkin says that overall, Black Friday weekend played out largely in line with his expectations, with solid traffic but not strong, and as expected, promotions were elevated, with higher year-over-year promos across the majority of his coverage. For the most part, inventory appeared to be in-stock moving through the weekend. In general, traffic in-store for apparel and footwear brands/retailers appeared to be softer relative to other categories, he adds. Zatzkin highlights strong traffic and long checkout lines at Lululemon (LULU) during his checks. Additionally, he saw solid traffic and sizable checkout lines at Nordstrom (JWN) on Black Friday.