CBS News’ “Expert: Plenty of Deals Post-Black Friday” talks about Consumer Reports’ indications that 2008 Black Friday shopping “deals” this year will not be limited to the Friday after Thanksgiving. What is the difference this year?
You would have to have been living in a vacuum to be unaware that everything is different this year due to the economy.
In the article Consumer Reports’ Tod Marks goes on to say that prices have already been slashed; businesses are not waiting for a “target date” because shopping is so far down. Further prices are lower than he has ever seen them-businesses are just trying to survive in the face of shoppers’ cautious behavior.
The engine that runs businesses’ activities is the fear of excess inventory left over at the end of the year. It is however wise to monitor certain products that may not drop until later in the season such as electronics.
Marks goes on to give shoppers three resources to use in their quest for a deal.
First is “Coupon Code Sites” where you may find a discount code for that product you are looking for. If you are shopping online there is often a box that asks if you have a promotional code. Marks indicates that you can save from 10% to 50%.
In addition to Coupon Code Sites there are “Black Friday” websites as well as “Comparison Shopper” websites. Marks suggests that on Black Friday websites you compare prices site to site and on Comparison Shopper websites you check and see the difference in cost by purchasing online.
I have never been much of a patient shopper and just went shopping anytime and bought the first thing I found. However, after getting married, I was introduced to the “extra effort” of shopping and it definitely makes a difference.
While many people know why the Friday after Thanksgiving is called “Black Friday,” I did not so I researched it and found that it emanates from “Black Tuesday” in reference to the 1929 Stock Market Crash.
The two are compared because of all the frenetic traffic and activity as well as the pushing and shoving-the high emotional pitch.
The economic news continues to get worse, however, no time or “band-aids” have really had a chance to take effect.
However, even if they give stuff away on Black Friday, I’ll be at home.