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Retailers look to keep Black Friday momentum going
Reuters ^ | Phil Wahba and Jessica Wohl

Posted on 11/26/2011 11:21:57 AM PST by mdittmar

With the intensity of Black Friday shopping starting to fade, store chains know they are under pressure to keep the sales momentum going as they enter the next phase of a competitive holiday shopping season.

Chains such as Macy's Inc, Target Corp and Best Buy reported large crowds this year on Black Friday, the day after Thanksgiving that sees millions of Americans start shopping more intensely for the holiday season.

With the National Retail Federation only expecting retail sales to rise a modest 2.8 percent this year, store chains say it is risky to take their foot off the pedal, even with a month to go, including an extra Saturday on the calendar this year.

"Everyone is trying to get the edge to get the people who need to spread their dollars," said Kevin Regan, a senior managing director at FTI Consulting.

After very deep discounts on Thanksgiving and Black Friday, retailers were still offering deep bargains on Saturday morning.

A Gap Inc store in New York's Times Square was boasting of 60 percent off everything. Aeropostale Inc shouted out on its website that everything was 50 percent to 70 percent off in its "Saturday Blowout."

Retailers know that consumers are struggling in the face of higher gas prices than last year and a tough job market.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events
KEYWORDS: consumerism; economy; murder; rage

1 posted on 11/26/2011 11:21:59 AM PST by mdittmar
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To: mdittmar

Advertising bargain basement laptops at $248 didn’t work?


2 posted on 11/26/2011 11:31:44 AM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: GeronL

Who’s selling those? (That might as well be Bill Gates’ fortune to me right now, but I can dream hey.)


3 posted on 11/26/2011 11:38:14 AM PST by HiTech RedNeck (bloodwashed not whitewashed)
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To: mdittmar

i was in Macys- Herald Square yesterday...take my daughter (8YO) to NYC each year on black friday- we also go to the parade on Thanksgiving...she loves to go on Black friday as we have dinner, ride the ferris wheel at Toys R Us, visit American Girl Store, Santa Land at Macy’s and shop for a Christmas dress....

here’s the irony and why i laugh when stores complain they are doing poorly- we got through Santaland at Macys in 30 minutes (well worth it as my daughter loved it)...couldn’t find a Christmas dress but found some other stuff she/we wanted...two Macy employees standing behind a cash register talking..i ask “is this register open?” response “no- over there is the register”...i said “i know- but i am NOT waiting on line for 30 minutes to pay for THREE items”...they look at me with blank stares as i leave the items behind...my daughter did not want to wait either...

the wait to PAY for items at the American Girl store was 15/20 minutes....this goes on all the time in stores (KMart, etc); 10 employees standing around chatting with only two employees manning check out lines despite people waiting...

oh- and i got onto Macy’s.com when i got home last night and bought about $1000 of merchandise for $400 after specials (including a pair of Jones NY suits), promos, etc- so my daughter was happy....


4 posted on 11/26/2011 11:42:50 AM PST by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: HiTech RedNeck

That was yesterday. It was Wal-Mart or something... I don’t remember. I bought mine last year for more than twice that, dang


5 posted on 11/26/2011 11:43:41 AM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: God luvs America

Wife just scored at ye olde thrift shop again today...twelve items for $9.50...blouses, sweaters, pants from Lands’ End, Talbot, Coldwater Creek, and so on...all with tags. She has a ‘nose’ for this stuff...all very nice.


6 posted on 11/26/2011 11:48:30 AM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: God luvs America

Exactly what I would have done, hubby says if they want my money they should have enough workers manning the cash registers! We have walked out lots of times!


7 posted on 11/26/2011 11:53:20 AM PST by GrannyK
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To: GrannyK

hubby is right on...they act as only their time is important...i’ve reminded store managers on occasions i’ve waited and waited that they don’t pay me to stand on line to pay for my items and how sad it is check-out takes twice as long as the actual shopping...


8 posted on 11/26/2011 12:06:56 PM PST by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: God luvs America

I was in a Walmart this morning. While they have about 25 registers plus another 12 self serve checkouts, about 3 full serve and 4 self checkouts were actually open. Why do they have all of these check out lanes if they never intend to use them?


9 posted on 11/26/2011 12:09:19 PM PST by 1776 Reborn
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To: God luvs America

my pet peeve is when they have 200 check out lanes.. and one open!

wth?


10 posted on 11/26/2011 12:10:53 PM PST by TexasFreeper2009 (I had considered voting for Gingrich... but on second thought ... it would not be "humane")
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To: mdittmar

With a recession of historic proportions in full swing, and Obama’s Leftist government printing up dollars as fast as they can to devalue the buck, it’s no surprise that Black Friday crowds shoved their way in everywhere to get what cut rate bargains they could find.

However, it most certainly does NOT mean that the economy is recovering, and we can look for sales at regular prices to be dismal.

It is ever thus in a socialist state, and until America comes to its senses and elects a true conservative government that deregulates commerce, it will continue to be so.

Like it or lump it.


11 posted on 11/26/2011 4:36:11 PM PST by Jack Hammer
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To: mdittmar

I went to a Sears store Friday morning, to check out a cordless drill with battery pack and charger on sale for about $37. For the last year been thinking about buying a spare battery, they cost about $35. This would have been a free drill and charger.

The store was extremely crowded. They still had items in the late morning. But I freaked out seeing lines stretching forty deep at every cashier. I turned right around and left. I don’t need a battery or extra drill that bad. My sanity is more important. Those other shoppers are nuts.


12 posted on 11/26/2011 6:25:58 PM PST by roadcat
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