December 10, 2009 |
Holiday shopper Thanety Bunseam was reluctant to buy anything big this year, but a few days ago the 57-year-old factory worker could be seen resting on the curb outside a Best Buy store with his quarry: a 52-inch LCD TV and a new Sony PS3 game console. "I got it free with the TV," he said, pointing to the PS3. "They have the game with the TV, so now I buy." FOR THE RECORD: Retail sales: An article in Thursday's Business section about sales during the week of Nov. 22 through Nov. 28 said the amount spent by shoppers on consumer electronic items was $1.2 billion.
November 30, 2009 |
Despite huge crowds fueled by heavy discounts, shoppers spent less on average on Black Friday and weren't able to give retailers the big boost they were hoping for. Sales on the day after Thanksgiving rose just 0.5% to $10.66 billion, according to ShopperTrak RCT Corp., a research firm that monitors sales at more than 50,000 stores. That compared with a 3% year-over-year Black Friday increase in 2008 and an 8.3% surge in 2007. "It's a positive sign that we had an increase in sales, but the numbers certainly don't indicate that those will be sustained," said Britt Beemer, chairman of consumer behavior firm America's Research Group.
November 27, 2008 |
One of the biggest shopping days of the year could be more bleak than black. Every year on the day after Thanksgiving, known in the retail trade as Black Friday, stores extend their hours and offer "door-buster" red-tag specials on a wide selection of merchandise. And this Friday, bargains are going to be even more plentiful and seductive.
November 25, 2010 |
Call it Gray Friday. Black Friday, the traditional kickoff to the holiday shopping season, has lost a bit of its luster as hungry retailers try to stretch the one-day shopping bacchanal on the day after Thanksgiving into a weeklong bonanza. Big chains including Sears and Toys R Us have joined Wal-Mart and Kmart in offering Thanksgiving Day hours. Others have already begun hawking massive discounts and pushing online deals. And to keep the party going past Friday, many retailers will offer fresh discounts Saturday and Sunday.
November 12, 2013 |
The annual retail arms race is invading Thanksgiving with a vengeance. Instead of a Norman Rockwell tableau of family gathered round the turkey, a more fitting image this year might be Americans rushing out to bag bargains. On Monday, Wal-Mart, Target and Toys R Us said they would be open longer hours on Thanksgiving and trot out deals usually reserved for Black Friday, the traditional launch of Christmas-centric consumerism. Others, such as Macy's and Best Buy, had waited until midnight but this year will welcome shoppers much earlier.
November 20, 2013 |
The Black Friday shopping rush may be slightly less of a nail-biter for retailers after government data showed better-than-expected sales in October. Retail sales jumped 0.4% last month, the U.S. Census Bureau said Wednesday, handily exceeding the 0.1% month-over-month increase anticipated by economists surveyed by Bloomberg. And the September performance, which caused deep concern when initially reported as a 0.1% decline, was revised up to reflect no change. In total, October sales reached $428.1 billion, a 3.9% boost from October 2012.
November 16, 2013
The big retailers expanding their Black Friday hours earlier into Thanksgiving day will no doubt lure bigger crowds of holiday shoppers ready to part with their cash. They just shouldn't expect many Times readers - if the letters we received are any indication - to be among the masses. Responding to a Business section article this week reporting Black Friday's increasing encroachment on Thanksgiving, more than two dozen readers wrote to convey their disapproval. Several called for a boycott of the stores planning to open before Friday; a few raised the possibility that enough consumers would be so disgusted that retailers' bottom lines would take a hit. None welcomed the trend.
October 24, 2012 |
Holiday shoppers will be spending a little more this year, but as in recent years they'll continue to be disciplined and go online for better deals. Consumers are expected to spend an average of $582 on holiday shopping, according to Accenture's annual consumer holiday shopping survey, and 23% plan to spend over $750. About half expect to increase their spending by $250 or more, with only 5% saying they would be “extravagant” in their shopping and 8% indicating they would “splurge.” About 51% of those surveyed said they have already set aside cash for their holiday shopping.
August 29, 2013 |
First Lady Michelle Obama chose to follow the summer floral trend at the March on Washington commemoration in the nation's capital on Wednesday. Obama wore an eye-catching black-and-red "Embellished Flared Frock" from Tracy Reese. The dress features scarlet flowers with beaded centers on a black background with a boatneck front and deep V back. It retails for $498 and was featured at the top of tracyreese.com An online costume company has mounted an effort to turn the Tuesday after Labor Day into Orange Tuesday.
November 25, 2011 |
We like to think that the holidays bring out the best in us, that they are like the feasts and festivals of our archaic past, when we celebrated a successful hunt or a bountiful harvest. So why do we treat Black Friday — when the season to be jolly officially commences with ritualized ferocity — as the occasion for serious lamentations about the "commercialization of Christmas" and the moral emptiness of the mall? You already know the answer: because consumerism is bad for us. But that's not really the case.