Nov 29 2008
Black Friday Sales are Up
Black Friday sales are up three percent. This really shocked me because I did not think that many people would be spending a lot of money this year for Christmas. One cause for the increased spending is the fact that stores are offering huge discounts in order to move their inventory and try to boost their sales and turn a sizable profit. I did not go shopping on Black Friday because it is a madhouse at the shopping malls right now. Many people are shopping online to avoid the long lines. You can get good discounts but the shipping rates can be killer. You need to find items that offer free shipping. This is a good sign though. Consumers need to spend money in order to help the failing economy get back on its feet. I would tell consumers just to budget their holiday purchases. You don’t need to get deep in hock. Most people do not use all of their Christmas purchases, especially children. Did everyone go shopping on Black Friday?
