DICK'S Sporting Goods Inc

NYSE:DKSUnited States

By George Glover

Black Friday has been and gone -- and now it's time for investors to start figuring out which stocks benefited most from the annual shopping bonanza.

By Jinjoo Lee

If the early holiday shopping period is any indication, many retailers aren't feeling the Christmas spirit.

One takeaway from the recent batch of retail earnings is that consumers are getting ever more focused on promotions. Best Buy said on its earnings call Tuesday that consumers are "deal focused," noting that it saw lower demand between sales events. Target, which reported last week, said there was a more pronounced sales dip than usual the week before and the week after its sale event known as Target Circle Week. Shoppers are responding strongly to stock-up promotions on essential categories, according to Target.