With Holiday shopping right around the corner, retailers offer deals one can’t really walk away from. Black Friday, the biggest shopping day of the year, emerges, and once again retailers are offering holiday deals in an attempt to get more shoppers into their stores. Several of the biggest retailers are extending their opening hours even more than in previous years to try to get the upper hand on their competition. It’s getting to the point where some stores even open up the night of Thanksgiving. People don’t even have time to spend time with their family, without having to feel rushed to leave and go catch these deals.
I learned quite a few things once I read this article. I learned that retailers usually offer the best deals on already established products. For example, several stores offer considerable rollbacks on the 50” HDTVs because they have been on the market for several years. Many other products offered with significant markdowns are either being phased out and replaced with a new product type or improved versions of the same model. This is the case with laptops, for example. With laptops, particularly the medium-level laptops, retailers discount them because people are turning to tablets as their general communication device. I found it funny how accurate that was, because in my household besides my MacBook Pro, every one of my siblings and parents have a tablet.
With companies lowering their prices of certain products, it helps the economy because it allows stores to get rid of some of their inventory that people might not have been buying and just sitting on the shelves. You may be losing money compared to its original price, but Its better to sell them cheap then to not sell them at all in some cases. Most people, mostly college students and teenagers will wait outside in lines for hours to get a specific item or device. This shows how much of a success lowering prices has on the economy, because it shows that people are willing to...
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