Why wait for Black Friday? Deals Abound Now.

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Today is Thursday, which means this must be Black Friday. Yes, every day is now Black Friday in the world of retail shopping.

From HSN to Sears, companies are trotting out deals a full month before Black Friday – the latest gambit aimed at cracking shoppers from a bad case of “Frugal Fatigue,“ “Puritan exhaustion,“ or even “Indulgence withdrawal.“

Such depressing definitions now abound to describe the grinding exhaustion American shoppers feel after two full years of diligent non-spending, some due to a justifiable paranoia of falling off an economic cliff into poverty. Who wants to stare at a $1,000 HDTV if they’re laid off after Christmas?

“The good news is savings are clearly at a decade high,“ said Marshal Cohen, an analyst with the research firm NPD group. “People tell us they are beginning to get a bit tired of having to save money.“

On that point, Ellen Davis of the typically ebullient National Retail Federation said “I’m not sure if shoppers are willing to loosen the purse strings and really come back to the store with abandon. Americans aren’t ready to declare the end of the recession.“

Hence a blizzard of predictions, prognostications and potential indicators.

The stock market is up, that’s good for shopping. So are gas prices, that’s bad.

The Gross Domestic Product is up, good. Jobs numbers are not, bad.

Foot traffic at stores like Pier 1 is up, good. Credit card companies are raising interest rates dramatically, very bad.

And proving no economic statistic is too obscure to ponder, one retail analyst recently cited encouraging El Nino and North Pole weather patterns that could generate favorable climates in the northeast. Good for shopping.

Combine all those economic indicators together, and retail experts are thoroughly contradictory on their forecasts.

Some banks expect retail sales to rise compared to last year’s abysmal level. The National Retail Federation, however, expects total sales to fall 1 percent to $437 billion. (Last year, they were down 3.4 percent.) For many retailers, the holidays generate between 20 and 40 percent of total annual revenue.

Looking at those stats, stores decided to bring on the deals early.

Walmart started early in-store deals on computers, music players, cameras and HDTVs. BestBuy also cut prices on laptops and software.

Crate & Barrel opened up free shipping on purchases over $100 between October 15 and December 22. Even tony Williams Sonoma added a few select items to its virtual sale table online, including the Gaggia Achille espresso machine, normally $1,299, now $799.

Toys R Us also started deals only good before Thanksgiving, including a free Hello Kitty Cosmetic set (normally $13) with any Hello Kitty purchase over $30.

Television retailer HSN has already started holiday promotions, including an online interactive gift guide with most items already marked down, including an “Emerilware” 10-piece cookware set at $199, normally $240.

Given shoppers will likely spend money on something, the question has become “on what?“ The NRF expects the overall result will be shoppers going to the mall, but with fewer people on their gift list.

Two-thirds of Americans say the economy will affect their holiday plans this year, the NRF found in recent surveys, with a full 84 percent simply spending less. People demand more sales, use more coupons, will put up last year’s decorations rather than buy new, focus more on practical gifts and joint gifts. They’ll also make more gifts, and travel less.

Gift cards will likely sell well, the NRF said, but with a different impact than last year. Instead of getting that gift card and running out to buy something absurdly indulgent, people may spend the money on gas or food.

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Flag Comment Posted by Lorelie on November 09, 2009 at 12:22 am

Shopping is what everyone love. Who would have hate it if it means getting the things you want? But with today’s economy spending our money to not so important things is not good. We must bear in mind that we need to spend our money wisely so that we can buy the things that we really need. Sometimes we face in a situation wherein we desperately need money like for example we need to pay our medical bills. In this situation we often ask for a payday loan. But today, lot of people complain that all payday lenders lead people into a payday loan trap.  It can hardly be stated that it isn’t possible – but the number of people in a payday loan trap is miniscule compared to the people in a credit card trap, and which of those industries benefited from the bailout?  Going to an installment loan or short term loan lender (whatever you want to call them – po-tay-to, puh-tah-to) is just like any other lender – you want to only borrow funds occasionally, and get on a payment plan.  The less debt you have, the better – and to avoid getting into a payday loan trap, you want to budget correctly and spend less than you’re used to.

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