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some retail stores do as much as 50% of their annual sales on black friday
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It's not even the biggest sales day of the year, so that's false.
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I don't think the two are mutually exclusive.
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Of course they are mutually exclusive. If a store has 50% of its sales on a single day, then obviously the remaining 50% has to be divided among 364 other days. There is no way it can account for 50% of sales if it is not the biggest shopping day of the year.
See
http://www.snopes.com/holidays/thank...g/shopping.asp