Shop shop shop shop shop shop shop...
I have to admit, as worried as I am about the economy, and whether any of us will see any income at all next year, all of those dream buys (mmm.... flat screen TV) are getting awfully tempting with all the falling prices. What are you guys doing? Are you truly cutting back? Are you going to skip a cut-rate deal on a luxury buy you've always wanted, because of concern about money? Is anyone really cutting back on Christmas spending?
More from the NYT.
“There’s no reason to suspect this will end,” said Dan de Grandpre, editor in chief of Dealnews.com, which has been tracking Black Friday deals for about a decade. “This kind of heavy discounting will continue until we see some retailers start to fail, until they start to go out of business.”
Indeed, the intense competition could erode profits at many chains. Some retailing analysts even fear it could condition consumers to shop only when merchandise is deeply discounted.
Still, stores plan to pull out all the stops on Friday and through the weekend. After all, November and December sales make up 25 to 40 percent of many retailers’ annual sales, according to the National Retail Federation, an industry group. (The day after Thanksgiving is called Black Friday because it was, historically, the day that many retailers moved into the black, or became profitable for the year.)
