Black Friday

spinn · Nov 28, 2009

you "predicted" todays numbers would be bad at 8 pm....is ET kidding by allowing this thread?

Lethn · Nov 28, 2009

Quote from hayman:

Stores were definitely not that crowded. You would think that sales are down, unless more people are gravating towards online purchases.

Inb4 they blame the internet for falling markets.

Mav88 · Nov 28, 2009

Gun sales were quite high however.

DataCruncher · Nov 28, 2009

Quote from nitro:

Thing is, this whole thing about cyber Monday doesn't quite ring true to me. The only logic that follows imo is, people that went shopping on Black weekend didn't find anything they wanted (or more likely the deal went to the thousands that camped outside the store) in the brick and mortar, so they go online. But they go online exactly on Monday? I don't buy it. Probably happens some over the weekend and some over the following week.

There is no way to tell either how these sales are going, AFAIK.

cyber Monday is an outdated term....basically the term started when most people didn't have broadband at home so they would use their broadband connections at work on Mon. to make purchases

bwolinsky · Nov 28, 2009

Going through midtown Kansas City Plaza, we were packed. The Apple Store was packed. Tiffany's was packed. Armani was packed. Halls was packed.

At Crown Center, every store but the ghetto, urban clothing store was packed with at least 20 customers per store.

I'd never seen as many people at those two focal points of Kansas City as I did on Black Friday.

piggie2000 · Nov 28, 2009

Is being packed good if you're making no money on discounted goods? Nobody will buy squat if its not 75% off.

EdgeHunter · Nov 28, 2009

Quote from bwolinsky:

Going through midtown Kansas City Plaza, we were packed. The Apple Store was packed. Tiffany's was packed. Armani was packed. Halls was packed.

At Crown Center, every store but the ghetto, urban clothing store was packed with at least 20 customers per store.

I'd never seen as many people at those two focal points of Kansas City as I did on Black Friday.

Of course they were packed... crike CNBC is covering Black Friday from those Kansas stores and malls and those were CNBC stage hands, waterboys and coffee girls...

sheesh...

HAVE STOP <img src="http://www.enflow.com/p.gif"> WILL TRADE

larrybf · Nov 28, 2009

BLACK FRIDAY is a classic case study of how pathetic the USA ecoonmy has become and also why most people lose trading..............complete lack of independent positive creative thinking and planned execution.FIRE ALL THOSE OVERPAID UNCREATIVE LOSER ADVISORS AND BRAINDEAD CONSULTANTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

DataCruncher · Nov 28, 2009

I'm curious does anybody know if the stores are generally losing money on each item they sell at Black Friday pricing?

bespoke · Nov 28, 2009

Quote from DataCruncher:

I'm curious does anybody know if the stores are generally losing money on each item they sell at Black Friday pricing?

I decided to venture over the border to do some black friday shopping for the first time yesterday. The sales were very disappointing to say the least. Most things weren't on sale, and some select items were only 10-50% off but none of those things are good. I don't believe any of those items were sold below cost.

The clothing outlets did have good sales though. Most stores had everthing marked down 25-50% from their lowest prices. Even then they are still making lots of money because they buy most of their goods for .05 to .08 on the dollar. For example: Isaia suit retails for 3000 but sold for 1500 at outlet. They give an additional 50% for BF. Profit is still 510 to 600 dollars, or 200%+ return.

Boxing day in Canada is much better. Won't bother trying black friday again. And the lines and stores yesterday looked very short and empty to me.