Black Friday deals may not be as good as they once were as the day evolves into more of a marketing event, but that doesn't stop some shoppers from venturing out.
The recession has taught retailers and consumers new lessons about the art of a deal. In the process, Black Friday, the traditional first day of the holiday shopping season, has lost some of its luster.
Although consumers are mired in the deepest recession in decades, there are plenty of reasons to believe that this holiday season will not be as bad for retailers as last year.
Thursday, 19 Nov 2009 | Source: The New York Times
After a brutal year in which the nation’s luxury retailers were forced to offer their wares at stunning discounts, they are trying to get their magic back. And they may have found a way: deliberately running low on merchandise. The New York Times reports.
While gift cards remain the most requested holiday item, U.S. shoppers are expected to pull back on buying them this year because of the weak economy, according to a retail survey released on Thursday.
U.S. department store operator J.C. Penney said on Wednesday it will stop publishing its twice-yearly "big book" catalogs as consumers increasingly turn to online shopping.
As of mid-day the National Retail Federation is saying that prices are lower than ever on this Black Friday and they're drawing huge crowds... Read More
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