@My2Cents"What's surprising is there hasn't been any news or
speculation about black friday this year. Must be bleak and really need some
tweaking before they let out the bad news or very small marginal profit this
year."MSNBC headline this morning: Black Friday sales up 16%
year over year.My2Cents: Right as usual. *eye roll*
Why all the hype for Cyber Monday? In my opinion the internet deals were
considerably better on Thanksgiving and Black Friday (however, they had more
brick and mortar retail competition). Then again, give the day a cool name and
people will spend money.
What's surprising is there hasn't been any news or speculation about black
friday this year. Must be bleak and really need some tweaking before they let
out the bad news or very small marginal profit this year.I don't
think cyber shopping will be as good as they hope either becasue retailers are
giving them some competition with in hand supply and no shipping cost. Cyber
sellers are raising costs by raising S&H so high that if a product is
returned the consumers already paid retail in non refundable shipping charges.
Most of the time, cyber products are never what you expected and ads have become
misleading and phony. I think trinket items in stores will be hit
hardest this year because of the cash and carry shoppers and fewer impulse
selling or buying. Unlike government, consumers have to live on a balanced
budget system. We woke up and figured it out, debt is not income yet it is taxed
as income.PS- note to all retailers, consumer incomes have a lot to
do with profit, and M.I.C. is unpopular.