You’ve seen it before… people camping out overnight at their favorite retail store, stores teasing shoppers with low prices on the season’s hottest items, and shoppers rushing the aisles to secure that “must have” item for the year.
“Black Friday,” as it has become known, traditionally marks the day in which our nation’s retailers start to turn a profit, or in accounting terms, “enter the black” for the year. With the advent of internet shopping, Black Friday now continues through the weekend, culminating on Monday with what is now known as “Cyber Monday”.
According to the National Retail Federation, in 2010 – despite bad weather, over-filled parking lots, and long checkout lines – 212 million people spent a total of $45 billion, or approximately $365 per person, during the Black Friday week.
This year, however, experts are predicting small overall sales growth, with the number of physical shoppers dropping and the number of internet shoppers increasing slightly.
To help boost 2011 holiday sales, many major retailers have announced they will open at midnight on Thanksgiving night, offering extra-special bargains for those folks interested in working off their Thanksgiving dinner with a little shopping therapy.
So, what’s in store for your Thanksgiving night? Turkey-Induced Coma or Shopping Mall?
Happy shopping everyone! If you would like to learn more about Winspire’s shopping spree packages please visit our website.
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