Black Friday cometh
The time for holiday madness is almost here and retailers are hoping for an electric start to Black Friday sales on November 23rd this year. With the way the summer and fall seasons have panned out, retailers are worried that due to the economy as well as no must have products this season, shoppers might hold back on their purchases. Holiday sales at several retailers have been started earlier this year, with even Wal-Mart cutting prices of toys on September 30th. Most consumers are rather hesitant to spend their money this year and retailers are creating a lot of special events to coax them to part with their money.
Several retailers such as Wal-Mart and Circuit City will be offering special deals on their sites on Thanksgiving, while other retailers are planning to open their stores at midnight to get a head start on the shopping madness.
According to Frank Badillo, senior economist at TNS Retail Forward, a consulting firm, “Retailers understand that store traffic is likely to be down this holiday compared with prior years and that they have to pull out all the stops to make sure that limited traffic is coming to their stores instead of others.”
green » Black Friday cometh said,
November 20, 2007 @ 1:09 pm
[…] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerptBlack Friday cometh Posted in Retail Industry, Consumer talk by Shalini Bahadur on the November 20th, 2007 The time for holiday madness is almost here and retailers are hoping for an electric start to Black Friday sales on November 23rd this year. With the way the summer and fall seasons have panned out, retailers are worried that due to the economy as well as no must have products this season, shoppers might hold back on their purchases. Holiday sales at several retailers have been started e […]