Black Thursday and Black Friday: Pro

Monday, December 5th, 2011

Thanksgiving weekend in notoriously known as one of the biggest shopping weekends of the year, with Black Friday annually being the core busiest shopping day. It is a very common practice for stores to open their doors at 6 in the morning on Black Friday, but in recent years, many large retailers such as Target, and Best-Buy have started opening their doors even earlier. Some stores open at 4 or 5 o’clock in the morning! The most recent Black Friday saw some retailers opening much earlier than usual, with businesses like Wal-Mart and Macy’s opening at 10 pm on Thanksgiving Day!

 

The term Black Thursday has been applied to stores who open on Thanksgiving. The idea of stores opening on Thanksgiving has received mixed responses from around the country. Some people are adamant towards Black Friday, and criticize retailers for opening so early. Others, however, enjoy the extremely low prices and good deals they get on products.

 

This year saw a large increase in shoppers compared to years in the past. Over 152 million people, about half the United States population, hit the stores Thanksgiving weekend. 29 million shoppers were in stores on Thanksgiving Day. All the revenue generated by these shoppers is good for the economy, analysts say. Over $52.4 Billion Dollars in sales were collected over the weekend. The National Retail Federation’s (NRF) vice president Ellen Davis says about 500,000 jobs are created during the holiday season. These jobs plus all of the revenue collected from Thanksgiving weekend bring minor, yet effective, boosts to the country’s current economic status.

 

Aside from being good for the economy, Black Thursday and Black Friday also provide very low prices on some very expensive products. Stores like Wal-mart, and Target had sales and discounts on items ranging from 40-50% off. There were some rare cases when products were up to 75% off their normal retail price. These insanely good deals had people mobbing the stores over Thanksgiving weekend, in a mad rush to buy as much as they could, while saving a lot of money.

 

The argument presented in this article does not reflect the opinions of the author.