HMM: Black Friday draws crowds, but spending in doubt. That’s consistent with my own reporting.

Related: For Black Friday First-Timers, Not a Night of Conversion.

UPDATE: Reader Blake Hiatt emails that he read the article and spotted something: “Only one shopper was over 40. The rest were 34 and younger. The largest demographic in this country is 40 and over. If the over 40 crowd isn’t shopping, there’s a problem. My 2 cents.”