Tag Archives: Black Friday

Today is Black Friday. Falling on the day after Thanksgiving, it officially begins the holiday shopping period. Historically a surge of shoppers helped stores break into profitability. But this year, with the deteriorating economy, there have been rampant promotions of up to 70% throughout November. The power of this landmark day for the retail industry may be fading. The question remains whether people will be spending money on holiday gifts as credit markets remain frozen, layoffs loom and consumer spending shrinks. What will you be doing – rushing out early … Continue reading →