Furniturestyle reports on how consumer spending will increase this Black Friday because people want to put their dollar to the best use they can and try to get the best deal on purchases.
According to a study by the National Retail Federation, 40.0 percent of shoppers say that sales or promotions is the largest factor when determining where to shop.
That number was even higher in a study by Deloitte LLP, which found that 73 percent of consumers said they would shop at stores that had the best value and 72 percent said they would shop at stores that had the lowest — far outpacing other factors such as location, quality of merchandise or customer service.
Smartmoney writes about how you can get the most of of holiday deals on Black Friday and also shows you what’s in store for certain retailers.
Walk through any department store or big-box retailer and it’s evident that Black Friday has arrived early this year.
Bracing for what might turn out to be the worst holiday shopping season in two decades, retailers like Kmart, Wal-Mart and JC Penney are trying to get consumers in the holiday-spending spirit as early as possible. This year, deals typically reserved for the day after Thanksgiving are being rolled out as soon as retailers have a chance to clear the shelves of Halloween costumes and decorations.
Wondering whether or not the current economic crisis wil devestate this year’s Black Friday? Walletpop talks to the CEO of dealnews.com, Dan de Grandpre, about how what turnout he anticipates.
Black Friday needs only three things to be successful: retailers with amazing deals, willing consumers and money. Without any one of these items Black Friday ceases to be the spectacle that retailers and shoppers have come to know and love. In order to understand how the economy affects any of these three elements it is important to understand the relationship between retailers and consumers.