Early Deals Cut Into Black Friday Sales
Black Friday and the weekend after Thanksgiving saw much lower sales this year, likely due to online shopping and early deals.
If you went shopping on Thanksgiving or Black Friday, you might have had to fight a crowd or two. But now the numbers are out for weekend sales, and it looks like a lot of shoppers opted to stay home — sales were down 11 percent.
The likely culprit: Thanksgiving sales have gone beyond specific days and instead run through the week of Cyber Monday. That allows a lot of time to get shopping done.
"Bargain Fever" author Mark Ellwood told Bloomberg: "It's just been stretched out. We don't call Thanksgiving, Thanksgiving anymore — we call it Gray Thursday."
Now, that 11 percent decline is just an average — the overall numbers don't necessarily mean every retailer saw a drop.
Tech sales actually saw an increase this year.
Also, a lot of stores are making an extra effort to reach out to online shoppers, offering online sales days before Thanksgiving and way before Cyber Monday.
And according to Shelley Kohan with analytics firm RetailNext, those stores will be the ones that gain the most from this shopping season. "The retailers that have combined their digital and physical presence as part of one overall strategy will be the winners. They got out earlier and won those early sales."
It's still too early to see an average from online sales of Cyber Monday, but it's likely too late for those retailers that saw a significant decrease, as cybersales are expected to see a drop as well.
But if you did plan to cybershop Monday, check out CyberMonday.com for deals on hotel rooms, toys, cameras and lots of other tech.
This video includes images from Getty Images.
This is how South Carolina is fixing the correctional officer shortage
A lack of correctional officers across the country is expected to worsen, but South Carolina is making changes to recruit and retain more workers.By Scripps News
Some are getting heated over rising heating bills
The cold weather and Russia’s war on Ukraine have increased U.S. gas exports to other countries, tightening supply and increasing prices.By Scripps News
GoodRx to pay penalty to FTC; feds claim it shared health information
The FTC is pushing consumers to check their privacy settings after alleging GoodRx shared health information with advertisers without user consent.By AP
Source: Kyrie Irving going to the Dallas Mavericks
The blockbuster trade ends Irving's pairing with Kevin Durant before it ever had much of a chance to click.By Frank Franklin II / AP
Lawmakers react to US shooting down suspected Chinese spy balloon
If you can't get enough of the Chinese balloon saga, turns out there's another sighting in Costa Rica.By Chad Fish via AP
Democrats introduce bills intended to bolster Black history education
Advocates for the legislation said it would invest $10 million over five years in the National Museum of African American History and Culture.By Mariam Zuhaib / AP