Black Friday Horror

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• Black Friday Essay

  ...mrCASE ASSIGNMENT: Black Friday Sales Deal or No Deal? According to tradition, Black Friday—the day after Thanksgiving—is named as such because that’s the day when retailers are said to become profitable for the year, or their sales move into the “black.” Whether true or not, it does underscore how important that day, and the holiday shopping season in general, is to retailers. Holiday sales are estimated to make up as much as 40 percent of retailers’ annual revenues and 50 percent of their annual profits. It should be no surprise then that retailers will pull out every trick in the book to get shoppers out and buying during the holiday season. Retailers often must walk a fine line, however, in how they present their offers. Retailers often order their holiday inventories in the spring, and they must be careful to match sales with inventory levels so as to encourage customers to make more purchases but not in a way that destroys profitability. Increasingly, the pricing strategy is no longer just about Black Friday. Timing then plays a major role in how Black Friday and holiday pricing strategies are executed, with many Black Friday pricing strategies designed to create a sense of urgency among shoppers. “Door-buster” sales and “limitedtime offers” force consumers to make purchasing decisions faster, making it more...

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• Black Friday Essay

  ...Amanda Gutierrez Professor Andrea Barclay English 60 11 February 2015 Black Friday Black Friday, because only in America people trample each other for sales exactly one day after being thankful for what they already have. For most people it’s the most anticipated day of the year. It’s the day people are still recovering from their Thanksgiving feasts and maybe even still a little drunk. Black Friday kick starts everyone’s Christmas shopping. Shoppers all over America line up days even weeks ahead outside of stores waiting to be the first ones to get their hands on that discounted 50inch T.V. What most people who don’t work retail quite don’t understand is that it’s the most dreaded day of the year for employees. I have a dream I plan to accomplish one day and that is to make a documentary of all the chaos that goes on Black Friday and have it available on Netflix for the world to see. Ah, I can see it now; I will title it “Friday the 13th? HA! BLACK FRIDAY” Queue suspenseful music, now that’s a real horror movie. Did you know there is actually a Black Friday death count website? Yes, a whole site dedicated to Black Friday injuries and deaths. So far there have been 7 death counts and 98 injuries. To make matters worse, with the retail industry taking...

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• Black Friday Essay

  ...Black Friday Black Friday The Friday after Thanksgiving marks the start of the holiday shopping season. Sometime in the 1970’s it was christened “Black Friday". Some say the name refers to the heavy traffic and chaos in the stores. Others contend it is the busiest shopping day of the year and ensures profitability for retailers, putting them in the black. Without question it is a dangerous day to go shopping. All the big stores promise huge, super-fantastic sales. Many open their doors at 5 am with lots of fanfare, colorful decorations and holiday songs booming over loud speakers. Mobs of shoppers with long lists jam store aisles. Jostled by crowds, assaulted by noise and confusion, shoppers face special challenges as they try to keep their wits about them. America's most passionate 24 hours of shopping, Black Friday, the day after Thanksgiving when companies hope to turn a profit for the entire year, has offered up its first sacrificial victim to the pagan gods of consumerism. One year a person was trampled to death by a mob of frenzied shoppers after he ill-advisedly unlocked the doors of a Wal-Mart store in Long Island, New York. Police told CNN that "a line began forming at 9 p.m. Thursday and that, by 5 a.m. Friday, there were as many as 2,000 customers outside."  Security cameras showed dozens of consumers...

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• Black Friday Essay

  ...Mary Frasier Writing 101 (M,W,F 1-1:50) 12/6/12 Final Paper Black Friday has traditionally been a day where people would get up in the wee hours of the morning after Thanksgiving and brave the mayhem to get some of the best deals of the season. Over the past years stores have been pushing their opening times and "Door Busters" up earlier and earlier. Now people barely have time to finish dinner before the great sales of the Black Friday shopping "weekend" begin. Why would stores keep moving their times up earlier and earlier? If Black Friday sales start earlier, then businesses should be able to make more money and people should be able to shop safer because there is more time to shop and because people won’t feel so rushed for the deals. Black Friday went from being a one day event to a full blown four day weekend ending with Cyber Monday. Black Friday began the earliest this year than it ever has before. "Black Friday has always been and always will be about being first: first to open, first to price, first to offer that special item" said Michael Brown from A.T. Kearney (Rampell). Black Friday has become the most hyped day of the year due to the increasing sales and more stores participating (Rampell). Stores were trying to make shopping more convenient for consumers...

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• Black Friday Essay

  ...Mark Sanchez Principles of Microeconomics Black Friday Black Friday, the day after thanksgiving, is the biggest shopping day of the year by far. It is the beginning of the traditional Christmas shopping season. The term dates back to as far as 1966. Thought to of originated on the east coast by the year 2000 it was a term known throughout the United States. Black Friday is the most profitable day for many companies in the United States. Merchants and the media have used it instead to refer to the beginning of the period in which retailers go from being in the red (i.e., posting a loss on the books) to being in the black (i.e., turning a profit). A big portion of Total Revenue comes from the month of November. Almost everybody spends money on gifts during the Black Friday weekend. Some people stray away with it all together and some tactfully strategize their shopping game plan. Looking at the DealsPlus statistics, there is a 310% increase in the number of sales on Black Friday compared to the November average. On the day after Black Friday, there is a 240% increase, and by Cyber Monday the number of sales is still 210% higher than the November average. (Reference 1) In many cities people line up in front of stores such as Best Buy and Wal Mart hours before the stores open. Most stores...

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• Black Friday Essay

  ... 335986651 Assignment #4 Black Friday Analysis Black Friday is the following Thanksgiving Day in the United States, traditionally the beginning of the Christmas shopping season. Black Friday is not an official holiday, but many workers have the day off as part of the Thanksgiving holiday, this increases the number of potential shoppers. Retailers often decorate for the Christmas and holiday season weeks beforehand. Many retailers open extremely early, with most of the retailers typically opening at 5 A.M. or even earlier. Retailers use Black Friday to kick off the holiday season to use much of their products to go from the red to the black. Department stores and outlet malls slash their prices considerably to give consumer great deals. Not only do most Americans spend countless dollars on this day, but most are so drawn to the desire to make a purchase that the façade that a discount justifies a purchase only takes the issue one step further; and that is waiting outside for hours in the dark, freezing cold. Black Friday has become so blown up that people actually skip Thanksgiving to wait in front of the department store. Stores open extra early and people bulldoze their way in, pushing and shoving like ravages to get what they want. On the popular holiday for consumers, the Black...

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• Black Friday Research Paper

  ...The Impact of Black Friday: Friend or Foe When one says Black Friday, what is it that comes to mind? I know what goes through my mind, all the amazing sales that I can’t wait to get my hands on. How many items are on sale that my children will want? What time does the first sale start? What store will I go to first? Some are optimistic about Black Friday thinking that it may add more to the Fiscal Cliff that threatens our nation. Or could it be that some think badly of it because it takes away from employees who are forced to work on Black Friday. How about the family time that should be spent together during Thanksgiving, instead they are spent waiting in long lines with strangers. The New York Times says that Black Friday first got its name because it was originally thought that all retailers didn’t make a profit until the first Friday after Thanksgiving and the last day of the year. So by shopping actually does more good than some think. Wal-Mart is one of the biggest retailors that make extremely seducing deals for customers. This year 2012 first span of sale started at 8:00 p.m. it consisted of endless amount of video games that ranged from $10.00, to $15.00 and $25.00. Then there were movies that started as low as $1.96 and as high as $8.96 for blu-ray movies that were on sale. An electric razor scooter was...

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• Essay on Black Friday

  ...October 28, 2010 News Brief – Stores Push Black Friday Into October The article by Stephanie Clifford stood out to me because I never heard of the term Black Friday right before Halloween. Retailers have changed their marketing strategy adjusting to the economy’s situation. Consumers thinking has also changed and previous methods which were used to draw customers into the stores to purchase were not working. In the previous years, foot traffic remained high but revenues were not what were expected. Since people are not spending as much as they use to and are not willing to pay full price for items they will simply pass on the “sale.” Stores are trying to maximize their profits and get consumers to spend with them early as possible. Many retailers are now having sales before Thanksgiving which is a change from people waiting to do their shopping after Thanksgiving. For retailers this means that competition this year has increased greatly since consumers have less to spend are not willing to pay full price. In the past, much of the revenue was earned specifically around December but now with the new strategy revenue will be spread out between 2-3 months. Retailers will have to think about different business factors such as inventory, hiring workers to accommodate the longer sale period, and their fellow competitors and their strategy. This leaves us to wonder what effect will they have on the smaller retail...

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