Showing posts with label Black Friday Deals. Show all posts
Showing posts with label Black Friday Deals. Show all posts

Sunday, November 27, 2016

US Black Friday: more shoppers but less spent per head


WASHINGTON - The American shopping orgy known as Black Friday lured more buyers this year but they spent less per person thanks to great bargains, an industry group said Sunday.

More than 154 million people made purchases during the four-day retail extravaganza that began Thursday on Thanksgiving, compared to 151 million last year, the National Retail Federation said.

Shoppers spent an average of $289.19, compared to $299.60 in 2015.

Sales over the Thanksgiving holiday, which extends into so-called Cyber Monday, are a good indicator of the health of US consumer spending.

Online sales dominated. A total of 44 percent of those who took part in the NRF survey said they had bought via the internet while 40 percent went to a brick-and-mortar store.

"It was a strong weekend for retailers, but an even better weekend for consumers, who took advantage of some really incredible deals," NRF president Matthew Shay said.

The most popular day to shop online was Black Friday itself, the day after the Thanksgiving holiday. Of those who purchased online over the four-day period, 74 percent did so on Friday, up 1.3 percent from last year.

And of the people who went to actual stores over this shopping period, 75 percent did so on Black Friday, up 3.4 percent from last year, the NRF said.

Millennials, aged 18-34, drove the increase in shopping, with eight out of ten buying something over the long weekend.

Around 56 percent of smartphone owners and 53 percent of tablet owners used these devices to assist with their shopping.

The study was carried out by Prosper Insights & Analytics with a sample of 4,330 people on November 25-26 and has a margin of error of 1.5 percentage points.

source: news.abs-cbn.com

Friday, November 28, 2014

'Black Friday' frenzy begins in US


LESSBURG - The traditionalists don't like it, but the "Black Friday" shopping frenzy is as much a part of the Thanksgiving holiday in the United States as turkey and pumpkin pie.

And it's only Thursday.

Americans will spend tens of billions of dollars over the four-day holiday and there was certainly no messing about at Leesburg Corner, a Virginia outlet center only a short drive from the US capital Washington.

There was hardly time for the roast turkey and stuffing to settle when most shops opened there on Thursday, Thanksgiving Day, for a 28-hour bonanza of breathless consumerism that was to stretch overnight and drag on nonstop until 10:00 pm Friday.

Henri Brown, 17, and brother Will, 15, were among the first through the doors on a chilly winter's evening.

Henri forked over $130 in the first hour and proclaimed himself happy with his early purchases: two jackets -- a dark blue one he was already wearing -- sunglasses and trousers.

"Most places have 50 percent or more off, it's pretty good. I come here most years to get clothes for the winter, but it's not as crazy busy as previous years," he said.

'Maybe all night'

The four-day Thanksgiving weekend is the kickoff to the US holiday shopping season, and Black Friday has long been considered the critical day that turns retailers' books from red to black.

But there has been criticism of those retailers that throw their doors open on Thanksgiving instead of actually waiting for Black Friday.

Don't the store workers deserve a day off to spend with their families too?

"They don't have to work. I guess they do it for the money. They are not being forced here," said Henri. "And they might enjoy the rush of people."

Vera Luo, a 19-year-old from China studying in Washington, came armed with a suitcase she was ready to fill to bursting with new acquisitions that she said would be more expensive in China.

She and two friends paid $60 for a taxi from the US capital and they were in it for the long haul.

"I have no idea where my friends are or when I will find them," said the economics student, clasping a directory of the more than 100 stores in the complex.

"So far I have only bought lens solution, but I have a budget of $500 and I want to buy a bag from Coach.

"I don't know how long we will be here. Maybe all night."

Tactical approach


Mamadous Niass, 48, a cyber-security engineer originally from Senegal, declared himself something of an old hand in the art of the post-Thanksgiving splurge.

"It's not the cheapest time in the year. After Christmas is cheaper, but I came today because there are more options -- nothing is left after Christmas," he said sagely.

He too was through the doors early but was taking a more tactical approach, refusing to jump right into the spending bonanza.

"I am well-prepared and have a list of four brands I want -- Columbia, Tommy Hilfiger, Calvin Klein and Ralph Lauren -- and I will get," he said firmly.

Jeanette, a local who gave her age as "104," was another refusing to get carried away by the discounts of more than 50 percent.

She had scouted a Michael Kors purse online before moving in for the kill for just over $100.

"I did not want to pay the high price before but it was on a pretty big discount," she said, rubbing her cheeks to stave off the cold.

Taking a breather on a bench while her daughter and granddaughter did the running about, Jeanette too said it had been noticeably busier in previous years.

"A few years ago it was not like this, but prices have gone up in the last few years," she said, adding with a grin: "But I am not done quite yet."

source: www.abs-cbnnews.com

Tuesday, November 25, 2014

Are Black Friday Deals Worth The Hassle?


Now that Black Friday has started the creep into Thanksgiving Day, you may be wondering you’re really getting a deal—or if it’s just more manipulation.

All those signs advertising 25%, 40%, even 50% off can be difficult to argue with, but the truth is that in most cases, what you’ll actually be hunting this Friday is not a good deal, but the thrill of a perceived good deal. Even though discounts have risen since 2009, stores’ profit margins have remained largely the same.

The reason?



    “Big retailers work backward with their suppliers to set starting prices that, after all the markdowns, will yield the profit margins they want.”

To understand why this is, you first have to understand how markup works. When a supplier sells an item to a retailer, the retailer buys it at a wholesale price and then sets a retail price that nets them a profit that’s double, triple, or even more what they paid. By setting that retail price even higher than normal, stores can advertise and give deep discounts while still maintaining comfortable margins.



But what about doorbusters?

Generally speaking, the only real good deals you’ll find on a Black Friday are those “doorbusters” you see people lining up for days in advance. These are advertised to entice shoppers, and some larger stores will even take a loss on these items, assuming that shoppers will make other purchases once they’re in the store.

Even then, there are some drawbacks. Most retailers only stock a limited quantity of doorbuster items, meaning you may actually have to camp out to get one. Also, if you arrive too late to find your deal gone, be wary of sales people pushing a very similar, much more expensive item your way.

So is getting up at 4 am this Friday morning really worth it?

Probably not.

This year especially. Unless you’re after one of those big, deeply-discounted items meant to draw shoppers in, you probably won’t be saving much. And with many sales starting pre-Thanksgiving and continuing all the way into the holiday season both online and in-store, you’ll have plenty of opportunities to do your shopping on your terms.

source: totalmortgage.com

Thursday, November 28, 2013

Globe GCash lets Pinoys join Black Friday sale


MANILA, Philippines - Black Friday or the day after Thanksgiving (November 28) is known as the biggest sale season in the United States.

Now, you can shop for good deals and heavily discounted products from US online stores such as Amazon and Sephora even if you're in the Philippines, thanks to Globe GCash.

Globe GCash has partnered with American Express to bring back the Black Friday Sale to Filipinos. With GCash American Express Virtual Pay, Filipinos can have access to huge discounts and deals from US-based online stores.

This year, GCash allows customers to shop easy and ship easier with a shipping rebate from My Shopping Box until December 8, 2013.

This Black Friday, subscribers may use their GCash American Express Virtual Pay to shop for sale items online and avail of up to 30% worth of shipping rebates for shipping fees paid from November 6 to December 8, 2013. These refunds include the standard 3-5% discount that all GCash AMEX Virtual Pay subscribers enjoy on their My Shopping Box shipments.

At the same time, GCash, under Globe Telecom’s Bangon Pinoy campaign, will also match all shipping rebates issued via My Shopping Box and donate the amount to typhoon Yolanda survivors.

"The experience gets bigger and better this year as we offer shipping rebates and refunds, making the Philippine version of the U.S. Black Friday Sale one of a kind. We’re also turning this year’s Black Friday Sale as a worthwhile endeavor with subscribers participating in a shop-for-a-cause as we will match the rebates and donate to typhoon survivors," Paolo Baltao, president of G-Xchange, Inc., the operator of GCash, said.

GCash American Express Virtual Pay is a virtual card linked to a user’s GCash wallet that allows a secure way of shopping from online retail sites that accept American Express as mode of payment.

GCash American Express Virtual Pay features low shipping charges and easy access of account information. It is also convenient to transfer funds to the GCash wallet by cashing in from the subscriber’s bank account or through any of over 7,000 GCash outlets nationwide.

With the service, GCash users do not need to get an AmEx credit card or any other type of credit card. Instead, buyers can transfer funds to their GCash wallets corresponding to the amount that would be used for making their purchases from any online shop that accepts AmEx cards.

One advantage of the service is that the buyer will also be given a personalized U.S. address where the item can be delivered to. From this address, the item will then be shipped to the buyer’s preferred delivery address in the Philippines. This feature grants Filipinos direct access to exclusive U.S. goods from the Philippines.

To learn more about the GCASH AMEX Black Friday Sale and the mechanics, visit www.globe.com.ph/gcashblackfriday.

source: www.abs-cbnnews.com

Tuesday, November 26, 2013

Black Friday warriors share their best attack plans


When Aimee Brittain's team hits the stores in a commando-like fashion on Thanksgiving night in search of Black Friday deals, they'll stand out from the crowd in their matching "very bright blue" shirts. They'll scatter when they hit the store, and the shirts will help them see each other quickly.

It's different for the Goldman sisters. Stephanie Goldman, a Cliffside Park, New Jersey, public relations executive, and her sisters Nadine Kleinman of Highland Park, New Jersey, and Valerie Goldman of Washington, D.C., travel in a pack, flooding one zone at a time.

The strategy, honed when Stephanie was a young teen, has helped them score priority bargains, like the time they got $900 worth of clothes from Ann Taylor for about $100. They went that Black Friday to an outlet store, already full of discounted items, hit the clearance rack, where prices were further reduced, then tacked on the credit-card application discount.

This year, Black Friday starts earlier than ever, with some retailers, including Wal-Mart, opening early on Thanksgiving evening. About 140 million people were expected to shop over the four-day weekend, according to the National Retail Federation.

Goldman, Brittain and other warriors who will prowl for deals on the busiest of shopping days took time from their mission planning to share war stories and tips to those who want to spend less and get more on the day after Thanksgiving. Here are their tips and tales:

Set your strategy

A Black Friday neophyte will shop without a plan. The veteran shopper knows where to go and when, what to buy, and how much to pay.

Goldman and her sisters start months ahead. Over calls and emails, they analyze sales flyers and figure out where the best deals are on the items they want to buy. Many flyers have been available for weeks - Macy's and Toys R Us for example - collected on sites such as BlackFriday.com.

Brittain, 35, who lives near Atlanta, starts later, but plans to a more extreme degree. A week before Thanksgiving, she and her pack - family and friends including her cousin, her grandmother and an aunt - will pore over the circulars and craft plans right down to the amount of space available in their cars to cart away their booty.

Use the buddy system

Brittain's crew take teamwork seriously. They hit a specific store and go to multiple departments at once, keeping each other on speed-dial to discuss items they have spotted or if someone needs a helping hand. "We call it divide and conquer. It's battle. It's war," she says.

The strategy has paid off handsomely, says Brittain, who writes the prettyfrugaldiva.com blog. "All my kitchen supplies have been purchased at Black Friday sales, and I haven't paid more than $5 for them."

That includes a blender, mixer, coffee maker and electric can opener.

The Goldman clan travels as a pack, Stephanie says, allowing honest assessments about clothing choices and whether the price is really a bargain. Once they're on the move, they will shop for eight to 14 hours.

Even if you can't field a team, shop with a wingman. Christina Wojciechowski, 37, of Orchard Park, New York, goes with one partner, either her brother or sister-in-law. When she heads out late Thanksgiving night, it is not only comforting to have someone you know with you, she says, but you can help each other find what you're looking for.

The first (price) cut is the deepest

Lining up typically starts on Thanksgiving night, when the first wave of stores get ready to open. This presents the toughest decision: Where do you start?

That first location has to be worth the investment of time, but not at the expense of other deals. Wojciechowski heads out about 10 p.m. and usually goes to a store that sells clothing.

The lines at the electronics stores, where they sell a handful of deeply discounted items like a $1,000 55-inch flat-screen TV for $500 and a $400 laptop for $178, are likely to be considerably longer. And at the electronics store, the front of the line probably sacrificed Thanksgiving dinner to get there - Best Buy will open at 6 pm on the holiday this year.

Even the best deal isn't worth the stress of spending hours waiting in line for a store to open, says Wojciechowski. Instead she pops into drugstores like CVS and Rite Aid on Black Friday because they typically offer deals on small electronics and toys and usually aren't crowded.

Pack supplies

Being on email lists, Facebook fan pages for retailers and checking on deal sites will offer clues on added bonuses and could provide access to special coupons or unadvertised deals.

Bring your lists, loyalty cards, and coupons. Load up your smartphone with coupon-offering apps like CouponSherpa or RetailMeNot, or apps for stores where you will shop. You'll be able to check for last-minute deals while you're in the field.

And don't forget fuel. David Bakke, an editor at the personal finance site MoneyCrashers.com, brings juice and energy bars to avoid stopping as he goes from store to store.

Failure is not an option

Going for a big-ticket item involves risk, since the competition is intense. But Jen Smialek, 32, a Boston-based freelance writer and web designer, has learned many stores have consolation prizes. The deals might not be as good, she says, but could be nearly the same.

Smialek says the key is talking to a store employee about the "extra" inventory that will be wheeled out during the day to take the place of the cleaned-out doorbuster deals. Or talk a manager into giving you a sale price on a similar item.

You have nothing to lose by asking, and Smialek says it has been a winning proposition for her. She recalls going after a TV deal with a nearly $1,000 markdown.

"I was able to get her to reduce the price of the TV I had, to match the doorbuster sale. No fuss, no muss, in and out of the store in 30 minutes with what I came for at the price I wanted."

source: www.abs-cbnnews.com

Wednesday, November 13, 2013

Target Pushes Thanksgiving Day Opening Earlier, 8 p.m.


Target announced today it would be opening its doors at 8 p.m. on Thanksgiving Day to kick off its Black Friday deals, an hour earlier than it opened last year on Thanksgiving Day. The retailer will remain open until 11 p.m. on the Friday after Thanksgiving.

"For both our guests and team members, Black Friday is an exciting event that officially marks the beginning of the holiday shopping season," said Kathee Tesija, executive vice president of Merchandising and Supply Chain, in a press release. "By offering advance access to deals at Target.com and opening our stores earlier, we are making it easier for guests to build a Black Friday ritual that works for them."

Target joins a long list of retailers that have announced they will open earlier this year, including J.C. Penney, Kohl's, and Macy's, which will each open at 8 p.m., marking their first time opening on Thanksgiving Day. Kmart and Sears have each faced backlash, as they will open their doors at 6 a.m. and 8 a.m., respectively, on Thanksgiving Day. Best Buy will open on Thanksgiving beginning at 6 p.m. and will remain open until 10 p.m. on Friday. Last year it opened at midnight on Thanksgiving. "Last year customers clearly showed that they wanted to be out shopping much earlier on Thanksgiving," said Best Buy spokeswoman Amy von Walter in a statement. "Our plan this holiday is a direct result of that feedback and provides multiple opportunities for our customers to shop in-store and online, whether at 6 p.m., midnight or on Black Friday."


In addition to opening on Thursday evening, Target also announced it would be rolling out 15 online-only daily discounts each day beginning Sunday Nov. 24, the Sunday before Thanksgiving. The company highlighted that "on Thanksgiving Day, hundreds of Black Friday deals, including almost all in-store deals, will be available starting in the early morning hours at Target.com."

Target did highlight in its press release that its employees who work on holidays receive their pay at a rate equal to 1.5 times their hourly pay, and that those who work anytime beginning at 8 p.m. on Thanksgiving to 8 a.m. on Black Friday "will receive additional compensation on top of holiday premium pay."

-- Material from The Associated Press was used in this report.

The article Target Pushes Thanksgiving Day Opening Earlier, 8 p.m. originally appeared on Fool.com.

source: dailyfinance.com

Friday, November 23, 2012

Consumers say 'Show me the bargains'


U.S. consumers say the deals had better be good if retailers want them to spend their money this weekend.

This is the earliest Thanksgiving since 2007, giving consumers plenty of time to get their shopping done before Christmas and Black Friday deals are designed to get consumers in the spending mood.

A Black Friday shopping survey by the National Retail Federation says as many as 147 million people plan to shop this weekend, down from the 152 million who planned to do so last year. While 71 million said they definitely planned to shop, 76 million others said they would wait and see what retailers had in-store.

"Though the Black Friday tradition is here to stay, there's no question that it has changed in recent years," NRF President and Chief Executive Officer Matthew Shay said in a statement. "It's critical for retail companies to constantly evolve as consumers do, and right now shoppers want great deals, good value, and convenience -- exactly what we're seeing with this season's late and early openings, price-matching, layaway and mobile offerings."

Nearly half of shoppers say they keep up with advertising circulars throughout the holiday and more than 30 percent say they watch for television ads. A growing number of U.S. shoppers are keeping track online. The NRF said nearly 27 percent will follow retailers' websites and 31 percent will track emails from retailers to get the latest holiday announcements.

"The days of waking up Thanksgiving morning to find out what retailers' Black Friday promotions will be has transitioned into an ongoing dialogue between companies and their customers starting days in advance," BIGinsight Consumer Insights Director Pam Goodfellow said. "Through sites like Twitter, Facebook and Pinterest, company blogs, emails and mobile apps, consumers can connect with their favorite retailers like never before."

Discover says consumers plan to spend more this holiday season than last year, as long as retailers are offering good deals. The 2012 Discover Annual Holiday Shopping Survey suggests spending will jump to an average of $838 this year, up from $748 in 2011.

Half of consumers say they plan to spend about the same as they did in 2011, and 23 percent plan to spend more this year. Forty-two percent say retailers' sales and promotions will most influence their holiday spending.

The Discover survey suggests 46 percent of shoppers plan to spend $100 to $500, 26 percent, say they plan to spend $500 to $1,000 and 14 percent say they plan to spend $1,000 to $5,000.

Consumers are looking for good deals online, as well as incentives such as free shipping. Discover said 75 percent of consumers plan to shop around online for better prices.

"When asked to choose from the following five online deals they are looking for, shoppers ranked free shipping first with 79 percent, followed by exclusive sales and offers, coupon codes, early access to sales and Facebook-exclusive promotions," Discover said.

Retailers are expecting to see a boost in mobile shopping this year. The NRF said nearly 53 percent of those who own smartphones and nearly two-thirds of those who own tablets plan to use their devices to research and purchase holiday gifts, food and decor.

Walmart is providing special perks to customers who "like" their Facebook page or download Walmart's mobile app, offering early access to specials and information, the company said.

The Walmart app allows customers to use the "in-store mode" on their smart phones to view local ads, access local store pricing and see the aisle location of products carried in that specific store.

Cyber Monday is a growing trend among shoppers looking to take advantage of special online deals that can save them the hassle of heading out to the shopping mall.

Forty-one percent of respondents to the PriceGrabber.com's third winter holiday shopping survey said they planned to shop on Cyber Monday, up from 37 percent last year and 33 percent in 2010. The online shoppers said they wanted to take advantage of one-day deals, discounts and free-shipping offers.

While Cyber Monday is often associated with employees returning to the office after the Thanksgiving weekend only to spend most of their time browsing for holiday deals online, PriceGrabber's survey suggests 83 percent of people planned to do their Cyber Monday shopping from home.

Rojeh Avanesian, vice president of marketing and analytics for PriceGrabber.com, said clothing and consumer electronics are expected to be the top gift purchases on Cyber Monday.

Plans by Target, Sears and Walmart to get a jump on Black Friday by opening stores Thursday night have sparked fears of employee and consumer backlash.

"Retailers are under immense pressure to get the holiday shopping season off to a strong start," John A. Challenger, chief executive officer of global outplacement firm Challenger, Gray & Christmas said in the firm's holiday shopping outlook. "As big box chains face growing competition from discounters like Target and Walmart, not to mention the fierce competition from online retailers like Amazon.com, they are all compelled to find whatever edge they can to get shoppers into their stores,"

Challenger warned, however, retailers are taking a risk by being open on a day set aside for giving thanks.

"Not only is there the risk of creating disgruntled workers, who feel they have no choice but to accept the holiday hours in this economy, but in the wake of the worst recession since the Great Depression, some Americans have soured on the corporate excess and the profits-at-any-cost mentality that some say helped hasten the economic meltdown," Challenger said.

However, he said, it is not as if no one works on Thanksgiving.

"You can't close hospitals or fire departments," he said. "Grocery stores provide essential last-minute Thanksgiving meal items, but also baby formula, medicine and other products that should be obtainable every day of the year. Some would even argue that the NFL provides a necessary service in the form of family entertainment and bonding. However, it would be difficult to argue that the need to buy a deeply discounted DVD player or LCD television cannot wait another eight to 10 hours."

The NRF 2012 holiday spending survey of 9,383 consumers was conducted by BIGinsight Nov. 1-6. The margin of error is 1 percentage point. The Discover survey of 506 male and 497 female adults was conducted by Penn Schoen Berland Oct. 26-30.

source: upi.com