Blog: Black Friday begins on Thursday
Leonie Barrie | 23 November 2011
Next to the Saturday before Christmas, Black Friday - traditionally the day after Thanksgiving - ranks as the most important shopping day of the season. And a new survey from Deloitte suggests holiday shoppers won't let the side down this year, with 51% planning to be either online or in stores this weekend.
But this year, more than ever before, it seems retailers are leaving nothing to chance when it comes to persuading shoppers to part with their dollars. In an increasingly competitive holiday shopping season the traditional Black Friday pre-dawn openings are a thing of the past, as stores race to be the first to open their doors. Retailers including Best Buy, Kohl's, Macy's and Target will all be open at midnight for the first time, while Walmart plans to go one better by opening two hours earlier, at 10pm on Thanksgiving Day.
If Black Friday is seen as a good gauge of consumer sentiment, then what does this mean for the rest of the holiday season? Earlier openings, hefty markdowns and other promotional deals may lead to higher sales, but the resulting hit to profits suggests retailers may have little festive cheer to look forward to.
Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...
The Bangladesh government was forced to respond late last week to pressure over its crackdown on labour activists after a number of global brands and retailers, including H&M and Inditex announced pla...
Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
- What TTIP might mean for US, EU textiles & apparel
- Unlocks for the future fashion sourcing landscape
- Four steps to reduce product defects
- Geo-political uncertainty and how to survive it
- EU eyes mandatory due diligence for apparel supply
- US Q4 in brief – PVH Corp, J Crew, Perry Ellis
- H&M, VF Corp and Levi among most ethical companies
- Sears has "substantial doubt" of future
- Vietnam limits hazardous chemicals in apparel
- Target unveils "ambitious" store re-design plans
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective