This weekend, retailers and economists across the country await the Black Friday results for 2009. The day was undoubtedly filled with the usual holiday madness, as the Christmas season got under way. But this year, there aren't as many reports of people getting hurt or trampled in the chaos - which is a win for decency, if nothing else.
Perhaps things were a little more orderly - by comparison to other Black Fridays - because many chains got a head start. Walmart and Best Buy put out their Black Friday specials a week in advance, to get a jump on the competition. Early reports indicate that the strategy paid off.
The Black Friday results won't be made official until the National Retail Federation releases the stats on Sunday. Preliminary estimates indicate that sales are up this year, although there still may be a decline in numbers. With the recession still going on, Black Friday sales aren't going to go up like they did in the last decade.
Almost anything would be better than last year's Black Friday results, which were tainted because the recession had just begun back then. Though the sales may be a little lower than 2008, it will be a victory if they stay about the same. 2008 had a 3.4% drop in sales, but that doesn't look likely to repeat this year.
The Black Friday results will be considered an improvement, even if it is a small one. Walmart, Best Buy and other chains are still in competition for the best numbers, and it will probably be a neck-and-neck race. But the weekend isn't over yet, as people will still go out in droves today and tomorrow, since the Black Friday rush is over. After that, Cyber Monday will arrive and begin an online rush for bargains.
There's still time to get post Black Friday deals on Zhu Zhu Hamsters, Snuggies and Disney toys - and to get those Black Friday results and holiday numbers up even more.
Sources
CNN Money- "Holiday shoppers resume Saturday; Black Friday data coming"
Salt Lake City Headlines Examiner- "Video: Black Friday 2009 results and stories from across the nation"
Merinews- "Black Friday results 2009: rise in sales reported"
Published by Robert Dougherty
Author of a trilogy of Lost books, concluding with "Lost: It Only Ends Once" now available at Amazon and iUniverse. Readers can now go to my Yahoo Sports section to see the majority of my new stories.... View profile
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1 Comments
Post a CommentI hope you are right but still feel this will be a grim holiday season for retailers and oh...do I hope I'm wrong!