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Black Friday Craziness Isn´t Adding Up
Forbes, by Todd Ganos

Original Article

Posted By:NorthernDog, 11/22/2012 10:51:39 AM

In days gone by, Black Friday – the name given to the day after Thanksgiving – was the start of the holiday shopping season and was the day of the year that saw the greatest dollar volume of retail sales. The term “black” comes from the accounting world and recognizes that sales were not “in the red” but were “in the black.” Over the years, to boost sales on Black Friday, retailers began to open earlier. Instead of the traditional 9am or 10am opening hour, stores would open at 8am, then 6am, then midnight.

Comments:
The craziness is not increasing sales - only concentrating them on the one day.

      


Post Reply  

Reply 1 - Posted by: Sfacheem, 11/22/2012 10:54:40 AM     (No. 9029266)

Black Friday.

Never did it.

Never will.

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Reply 2 - Posted by: Kitty Myers, 11/22/2012 11:01:45 AM     (No. 9029281)

What #1 said.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: 4LadyK, 11/22/2012 11:08:05 AM     (No. 9029304)

I´m with ya all the way #1

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Reply 4 - Posted by: RancherJack, 11/22/2012 11:11:01 AM     (No. 9029313)

Black Friday reminds of The Plague

... and the term is an insult to all things Thanksgiving and Christmas

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Reply 5 - Posted by: horacer, 11/22/2012 11:18:03 AM     (No. 9029329)

I tried it once years ago. My neighbor was going to a popular electronics store that was opening at 5AM. I went along to get a large lcd tv and be home by 6 for breakfast. I thought there´d be maybe one hundred people waiting to get in. There were at least 3,000. Never again. It´s Amazon for me. No 9.3% sales tax.

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Reply 6 - Posted by: tundrarider, 11/22/2012 11:42:47 AM     (No. 9029370)

I´ve always agreed with you #1. Tomorrow however, we are going to WalMart so we can cross the picket line. We are not going for Black Friday Deals. I have a small grocery list of sorts and I intend to cross that picket line!

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Reply 7 - Posted by: youngtexan, 11/22/2012 11:52:08 AM     (No. 9029388)

It´s better to shop online. I did that this morning. No hassles.

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Reply 8 - Posted by: Spidey, 11/22/2012 12:16:29 PM     (No. 9029434)

Walked through walmart yesterday and they had skids of flannel shirts shrink wrapped off as specials.Lots of other stuff too. This has to be mostly psychological.

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Reply 9 - Posted by: ginadee, 11/22/2012 12:35:35 PM     (No. 9029466)

Madness, Black Friday is madness!!


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Reply 10 - Posted by: KTWO, 11/22/2012 12:53:06 PM     (No. 9029487)

I question that Black Friday refers to accounting for sales. The earliest precise use I found referred to a panic in the gold market on Sept 24, 1864.

Sales are revenue by definition - on any day - and therefore recorded in the ordinary ink, black.




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Reply 11 - Posted by: mamafrog, 11/22/2012 12:55:57 PM     (No. 9029490)

Crazy people pushing and shoving for a few bargains, it has become a holiday tradition and news for a slow news day. I don´t think many people who want to spend quality time with their families do it, but it does provide an escape for people who have had too much family time by Friday.

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Reply 12 - Posted by: whyyeseyec, 11/22/2012 12:59:16 PM     (No. 9029495)

Somewhere in America today is a person who will most likely be trampled to death during a mad rush when the doors open at a big box store....

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Reply 13 - Posted by: RLowe, 11/22/2012 1:07:48 PM     (No. 9029503)

A gathering of unruly mobs.

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Reply 14 - Posted by: PoliticalJunky, 11/22/2012 1:23:20 PM     (No. 9029519)

Being "in the black" is racist? "Niggardly", meaning stingy, is racist. Minute Man equals KKK. And, on and on.

How long are we going to keep explaining, apologizing, backing away, banning words, and getting down on our knees to appease unreasonablenss, lack of education, stupidity and intolerance?

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Reply 15 - Posted by: gagolfer, 11/22/2012 1:38:06 PM     (No. 9029536)

Nordstrom´s is not opening on Thanksgiving and not even decorating for Christmas until Friday. Good for them. Hope it helps sales.

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Reply 16 - Posted by: wilarrbie, 11/22/2012 1:39:53 PM     (No. 9029539)

Wild horses rule applies here.

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Reply 17 - Posted by: strike3, 11/22/2012 2:19:27 PM     (No. 9029577)

Walk into any large chain department store tomorrow and "black friday" will take on a whole new meaning. I don´t need anything badly enough to go through that kind of madness.

No matter how much hype they try to generate this year, sales are going to be a disappointment because working people are worried about the near future, like the beginning of 2013.

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R_DBL_B
  


 
Reply 18 - Posted by: Labrador Heaven, 11/22/2012 2:23:09 PM     (No. 9029583)

Be aware of the stores that are scanning and storing your state driver´s license or state ID in order to give you return privileges this holiday season. Retail Equation, I think the company is called, is storing the data and using it to determine if you are "serial returner" and then denying the return if you fit their parameters, which remain undefined and apparently undisclosed.

Target and Macy´s are two who are using them now, as is Home Depot.

The big thing to remember: the data stored on the magnetic strip of your license is sensitive, and rather voluminous. They are storing it, with no protections being publicized. We don´t know if they´re really encrypting it, what is actually read from it, where it goes, who else it is sold to or is granted access to it.

Never let anyone scan and store data from the magnetic strip - which does include your SSN, though it is not visible on the license itself in most states. The only ones who should have access to that and for cause, is law enforcement and the BMV/DMV of your state.

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Reply 19 - Posted by: preciosodrogas, 11/22/2012 5:32:36 PM     (No. 9029766)

Shop online, great selection, great deals, no sales tax and free shipping ... and no crowds or lines.

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Reply 20 - Posted by: kayjaymac, 11/22/2012 7:05:57 PM     (No. 9029852)

I´m holding out til Small Business Saturday.


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