Brace yourselves, Pandas—Black Friday is upon us! Traditionally, the Friday after Thanksgiving marks the start of the Christmas shopping season in the United States, as well as in many parts of the world. Unfortunately, this period brings out some of the worst traits in people: greed, aggression, and envy.
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The National Retail Federationreports that196.7 million Americans shopped in stores and online during the five-day holiday in 2022, from Thanksgiving Day to Cyber Monday.That’s more than the jaw-dropping 179.8 million shoppers in 2021, 186.4 million in 2020, and 189.6 million in 2019.
The National Retail Federationreports that196.7 million Americans shopped in stores and online during the five-day holiday in 2022, from Thanksgiving Day to Cyber Monday.
That’s more than the jaw-dropping 179.8 million shoppers in 2021, 186.4 million in 2020, and 189.6 million in 2019.
The line decided to cross the street, blocking traffic. It extended down the parking lane rather than turning down the sidewalk like normal human beings.
Broadly speaking, Black Friday tends to be (one of) the busiest shopping days of the year in the US… as well as in some other parts of the world. However, you’d be wrong to think that Black Friday begins and ends on… well, Black Friday.The shopping ‘holiday’ has a tendency to ‘bleed’ into the surrounding weeks… and even months (yes! Months!).
Broadly speaking, Black Friday tends to be (one of) the busiest shopping days of the year in the US… as well as in some other parts of the world. However, you’d be wrong to think that Black Friday begins and ends on… well, Black Friday.
The shopping ‘holiday’ has a tendency to ‘bleed’ into the surrounding weeks… and even months (yes! Months!).
For instance, the Monday right after Black Friday is known as Cyber Monday. Retailers and companies continue to sell products and services at a discount. Some of them go further, celebrating Cyber Week.Others, however, go even beyond that.
For instance, the Monday right after Black Friday is known as Cyber Monday. Retailers and companies continue to sell products and services at a discount. Some of them go further, celebrating Cyber Week.
Others, however, go even beyond that.
CNN reportsthat in 2023, retailers “threw out the playbook,” rolling out deals in a similar vein as Black Friday weeks in advance. What this means is that this year, the impact of Black Friday itself might be lessened.
According to Parija Kavilanz from CNN, the November and December months account for around a fifth of retailers’ sales for the entire year. This means that the gift-buying season is incredibly important for companies’ sales and profits.Retailers who fail to take advantage of the seasonal rush might find that they’re far behind their competitors.
According to Parija Kavilanz from CNN, the November and December months account for around a fifth of retailers’ sales for the entire year. This means that the gift-buying season is incredibly important for companies’ sales and profits.
Retailers who fail to take advantage of the seasonal rush might find that they’re far behind their competitors.
Marshal Cohen, the chief retail industry analyst with market research firm Circana, told CNN that Black Friday is now more akin to ‘Grey Friday.’ “The dilution of the power of Black Friday has begun again this year. Gone is the sense of urgency and excitement. But the quest for value is still there,” the specialist explained.As the shopping ‘holiday’ spreads out over a longer period of time, what this means, in practical terms, is that there’s less urgency for shoppers to rush to their local retail stores. Though you’ll still find people camping and queuing up before opening time and fighting over goods, this year, all of this might be slightly muted (well, comparatively). There’s slightly less competition.
Marshal Cohen, the chief retail industry analyst with market research firm Circana, told CNN that Black Friday is now more akin to ‘Grey Friday.’ “The dilution of the power of Black Friday has begun again this year. Gone is the sense of urgency and excitement. But the quest for value is still there,” the specialist explained.
As the shopping ‘holiday’ spreads out over a longer period of time, what this means, in practical terms, is that there’s less urgency for shoppers to rush to their local retail stores. Though you’ll still find people camping and queuing up before opening time and fighting over goods, this year, all of this might be slightly muted (well, comparatively). There’s slightly less competition.
Costco sales are unbeatable right now. They’re next to the tires, in case you were wondering.
What’s also changed the dynamic of Black Friday is the continued growth of online shopping. This makes deals incredibly accessible to anyone with a smartphone, a computer, and an internet connection.
CNN notes that some retailers may be worried about rising prices, higher interest and mortgage rates, and Americans having to restart repaying their student loans which were frozen for many during the Covid-19 pandemic.
I’ve been waiting to buy this on Amazon, assuming there would be some sort of Black Friday discount. But no, the price stayed at $150, but they added a crossed-out price, which is even higher than the actual manufacturer’s suggested retail price.
The upside for shoppers is that they get access to better deals for longer and have to compete less with others. The downside is elementary fatigue: if it’s always sale season, then it doesn’t matter much.In the meantime,BBC Worklife notesthat Black Friday has become shorthand for any deep-discount shopping event, whether it happens in October or… July!
The upside for shoppers is that they get access to better deals for longer and have to compete less with others. The downside is elementary fatigue: if it’s always sale season, then it doesn’t matter much.
In the meantime,BBC Worklife notesthat Black Friday has become shorthand for any deep-discount shopping event, whether it happens in October or… July!
“Black Friday really is a huge deal. But Black Friday is no longer a single-day event,” David Bussak, managing director at the global business advisory firm AlixPartners, told the BBC’s Brennan Doherty.For some deliciously accurate and funny Black Friday memes,check outBored Panda’s previous article when you’ve enjoyed this list to the fullest.
“Black Friday really is a huge deal. But Black Friday is no longer a single-day event,” David Bussak, managing director at the global business advisory firm AlixPartners, told the BBC’s Brennan Doherty.
For some deliciously accurate and funny Black Friday memes,check outBored Panda’s previous article when you’ve enjoyed this list to the fullest.
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