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Author Topic: Hey, Shoppers: Black Friday Savings Are a Hoax  (Read 2320 times)

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Offline Ptarmigan

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Hey, Shoppers: Black Friday Savings Are a Hoax
« on: November 29, 2013, 01:48:39 PM »
Hey, Shoppers: Black Friday Savings Are a Hoax
http://www.businessweek.com/articles/2013-11-27/hey-shoppers-black-friday-savings-are-a-hoax

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Forget the door-busters, coupons, and “friends and family” deals. U.S. shoppers on the whole will be paying more over the next few weeks than they do the rest of the year. Turns out, retail profit margins tend to be higher during the holiday period, despite all the promotions.

Among the 15 largest U.S. retailers, operating margins in the holiday quarter last year were 11 percent, compared with 9 percent in the preceding nine months. Amid the year-end shopping frenzy, these companies padded their bottom lines, on average, by roughly one-quarter.

I never saw Black Friday as the best time for deals.
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Offline ExGeeEye

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Re: Hey, Shoppers: Black Friday Savings Are a Hoax
« Reply #1 on: November 30, 2013, 08:17:39 AM »
Yes, exactly; when I bought my 32" LCD during a Wal-Mart sale three years ago they really screwed me out of a whole lot more money than if I had bought it six months earlier at full price.
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Offline Dori

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Re: Hey, Shoppers: Black Friday Savings Are a Hoax
« Reply #2 on: November 30, 2013, 10:22:52 AM »
Why do they call it black Friday?  Sounds racist... :whatever:

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Offline rich_t

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Re: Hey, Shoppers: Black Friday Savings Are a Hoax
« Reply #3 on: November 30, 2013, 04:29:22 PM »
Quote from: Dori on November 30, 2013, 10:22:52 AM
Why do they call it black Friday?  Sounds racist... :whatever:



The color of the ink on the accounting ledger.
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Offline DLR Pyro

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Re: Hey, Shoppers: Black Friday Savings Are a Hoax
« Reply #4 on: December 03, 2013, 02:31:00 PM »
Quote from: rich_t on November 30, 2013, 04:29:22 PM
The color of the ink on the accounting ledger.
which is odd when you think about it, how can the ledger go from red to black if they are giving away the store? 
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Offline thundley4

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Re: Hey, Shoppers: Black Friday Savings Are a Hoax
« Reply #5 on: December 03, 2013, 10:14:53 PM »
Black Friday and Black Saturday originally  referred to the traffic jams caused by shoppers going nuts on Friday and Saturday following Thanksgiving.
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Offline Big Dog

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Re: Hey, Shoppers: Black Friday Savings Are a Hoax
« Reply #6 on: December 03, 2013, 10:21:24 PM »
Quote from: DLR Pyro on December 03, 2013, 02:31:00 PM
which is odd when you think about it, how can the ledger go from red to black if they are giving away the store? 

Loss leaders like that $59 big screen TV bring the customers into the stores.

The smart shopper catches the various loss leaders and avoids the other merchandise.

Make a list, check it twice.
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Offline NHSparky

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Re: Hey, Shoppers: Black Friday Savings Are a Hoax
« Reply #7 on: December 04, 2013, 08:07:42 AM »
Quote from: Big Dog on December 03, 2013, 10:21:24 PM
Loss leaders like that $59 big screen TV bring the customers into the stores.

The smart shopper catches the various loss leaders and avoids the other merchandise.

Make a list, check it twice.

I've seen some of the loss leaders--trust me, $199 for that Samsung TV is still too much.  They're pieces of crap.
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Offline vesta111

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Re: Hey, Shoppers: Black Friday Savings Are a Hoax
« Reply #8 on: December 04, 2013, 10:00:13 AM »
Quote from: NHSparky on December 04, 2013, 08:07:42 AM
I've seen some of the loss leaders--trust me, $199 for that Samsung TV is still too much.  They're pieces of crap.

The very reason I shop the day AFTER Christmas.   The mob frenzy is akin to the running of the bulls, on Black Friday.   

Things are much cheaper after Christmas, stores need to clear their shelves for spring items, expensive to store unsold items.  On the other hand, next day or a few days later everyone is broke and the mob of shoppers are lined up two abreast at the return desk.

More fun to give the kids gift cards and let them pick out what they want, everything is on sale for less then Black Friday.

Then how do you shop for a teenager that you may see once or twice a year.?  Never know when you will buy a child a toy that the parents object to. 

I made a world shaking purchase for a grand child one year, she was 3 years old with a new baby brother in the family.   So I went out and bought a baby brother doll for her, about the size of new baby.   It was true to life in every way.  Soon as she got the doll she took off it cloths and YUP there it was, just like her brother had.

You would have thought I had bought a pop up book called the Joy of Sex from the ruckus that caused.       

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Offline Lacarnut

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Re: Hey, Shoppers: Black Friday Savings Are a Hoax
« Reply #9 on: December 10, 2013, 10:03:20 AM »
Quote from: Dori on November 30, 2013, 10:22:52 AM
Why do they call it black Friday?  Sounds racist... :whatever:



Naw. It is a fight fest in many places.
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