Thanksgiving is over, and that means retailers are hoping you’ll put down the fork and pick up the credit card.
The holiday season can be a make-or-break time for retailers: It made up nearly 20 percent of total retail industry sales last year, according to the National Retail Federation, a trade group. Those stocking stuffers and sweaters added up to a whopping $453 billion, according to the NRF.
Still, it’s not always a predictable time of year, especially lately. Holiday retail sales fell sharply in 2008, in the depths of the recession, but saw a sharp gain last year.
This year, retailers are expecting holiday sales to rise by 2.8 percent, to $465.6 billion.
A large chunk of that shopping will happen over this holiday weekend, starting as early as Turkey Day itself. About 22 million shopped on Thanksgiving Day last year, according to the NRF.
Black Friday has been the biggest shopping day of the year for the last seven years, according to ShopperTrak, which estimates consumer traffic.

BIGresearch for NRF
If you do go shopping this weekend, you are quite likely to buy clothes. About half of Black Friday weekend shoppers say they purchase clothes or accessories. Books, CDs, DVDs, video games and toys are also popular items.

BIGresearch for NRF
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I HATE shopping! When my son and daughter came to me before Christmas one year and asked if they could have just one gift and a hundred dollars, my husband and I looked at each other and quietly said yes. After Christmas, my kids and I spent their vacation, shopping for things they wanted and we got great bargains. Everything was marked down and their was no rush. My kids still talk about those Christmas vacations and have fond memories. Having lunch and going to movies and being a family. By the way, before they came to us with their grand scheme, we spent $500.00 to $600.00 on each of them. It was never the money, it was the memories we made.
I think what you're missing out on is the side-effect of holiday shopping. The point is that you "think about what someone else would like and surprise them".
Therefore, even if you spend $200 vs. $500, you got them what they would have bought themselves if they had the money. So in your case, for the bargain price of just $300, you could have opened their eyes to new avenues. Even if out of that $500, only $100 was something they actually liked...you have pretty much changed a little part of thier lives instead of just them staying the same and not experiencing your "gift of thought".
The US government does this in the form of research grants. They sped $10 bill on grants to labs and whatever. $9 bill goes to waste because nothing works or becomes practical to manufacture. But that $1 bill helped someone come up with a product that changes the world forever. ;)
I applaud your kids for realizing the value of not being lavished with gifts just because everyone else's kids get more and making wise decisions with their money.
So much for over the river and through the woods from Grandmothers house we go..
Every year I am amused at how increasingly frantic the Black Friday shoppers get. Camping out on sidewalks, watching the lemminglike charge when the doors finally open. Really sets the tone for the meaning of Christmas, doesn't it? I always think of a Playboy cartoon I saw in 1970. It showed two young boys on the living room floor by the tree with toys, boxes, and wrapping scattered all around. One boy was saying to the other, "The thing that bothers me is knowing that thirty years from now, I'm going to be slaving away at some lousy job so I can afford to buy my kids a bunch of crap like this."
One new dark trend this year was extending the shopping mania into Thursday. I know retailers try to cram as much profit as they can during this period. But they shouldn't ruin their employee's Thanksgiving with their greed. And shame on all the shoppers who went along with this scheme by patronizing these stores on Thanksgiving.
At the Walmart where my mother lives, a man got mad and hurled a box into the crowd and hit a woman in the head. She was taken away in an ambulance. In another part of the store, a woman standing in line for sheets declared that she was there first and was taking all the sheets...all of them. 2 heaping carts full was the tally and not a single set was left behind. There were numerous incidents in the store and at least one horrific fight in the parking lot. Customers were tearing the shrink wrap off pallets as the employees brought them out of the back to get to the contents. My mom works there and at age 76, I do fear for her this time of the year since every year they put her in charge of the TV line. She said it was by far the worst Black Friday she ever remembered in 20 years.
The next town over my nutty sister-in-law sat outside Best Buy from 4 pm until midnight. Another woman and herself had an extra folding chair sitting there for their spouses who were coming later. (my brother hates Black Friday) Two men walked up and hurled the chairs into the shrubs next door and declared that that spot was theirs. Police carried them away.
It is a sad sign of the times when material possessions mean so much to people that saving a few hundred dollars on them lowers us to insane animals. This time of year is supposed to be about our families and loved ones, not some gadget or deal on a set of sheets. I measure the holidays by the quality time we spend together, not how much we give and get.
As I read these comments, I grow happier each year that my wife and I don't celebrate this assinine holiday. Come on Dec 26th.
Of course the retailers hope the nut bags will bring their credit cards/debit cards and check books. Of course they hope the idiots will spend like there is no tomorrow. All retailers care about is emptying their shelves of stock. They don't care that the economy is in the $hitter. just spend what you got and what you pretend to have.
I remain optimistic about this Holiday shopping season. More than likely anyone who has managed their money decently throughout the year may have some gift money to spend in a dire straits economy. The 1%-ers easily could lift the bar, so to speak, during this Holiday season by humanitarian spending. Many food banks, clothing shelters, homeless centers and other charity non-for profit agencies really could use a boost in funding. The wealthy in this country always boast about their willingness to give to charities over giving to our Government, so in this slow moving economy it will be an easy track-able trend to see or not see.
Personally, the average Holiday season for my wife and I is around 1200$, so minus the 10% to charities, we will spend a grand on our close net circle of family and friends. I believe, after looking back during the first part of the year, that this Holiday shopping season will be about unexpected rises in consumer spending rather the latter. Happy Holidays America, and continue the push for Banking reforms by becoming a member of a Credit Union......Just sayin...
when will people understand that the more they buy, the more wealth they ship to.... China. they don't buy "America made" products but the China junks. idiots.
I don't do Black Friday shopping. A lot of my family and friends skip it as well. If retail is hurting for customers, it means retail is too large at the moment.
Retailers pray you’ll be shopping. Here is why. At least that is the headline. Our Marxist NON God Believing moron in the white house in his Thanksgiving speech NEVER mentions God at least once. Either he does NOT know what thanksgiving is all about or he does not believe in a higher power. Either way we as Americans lose. Time to vote this personal OUT in 2012.
I for one, appreciate that our president keeps his religious beliefs where they belong, between himself and his god, instead of trying to shove them down everyone else's throats. I'd go so far as to say I'm thankful for that.
Come on. Get your Fox News propaganda straight. Is he a devout Muslim terrorist or an Atheist?
Wait a minute - it suddenly hit me. Obama ends every speech with something to the effect of
Thank you very much. God bless you, and God bless the United States of America.
Read more: http://www.politico.com/news/stories/0911/63043_Page4.html#ixzz1eoebt7QG
ren-755775,
Your 1 reason i can't believe in Gggggod. Can't you people just keep your religious beliefs to yourself and leave everyone else who doesn't share your beliefs alone.
??? I thought CHRISTMAS was about God and Thanksgiving was some American holiday about turkey. It wasn't about God >> it was about some right-wing UK expats (the Puritanicals) and the American Indians: so I think perhaps you don't know what your holiday is about.... As far as the silly Marxist hornswaggle remark: America is a capitalist society - which is why there were problems that caused the financial crash that everyone in the world is struggling to deal with now.... even the socialist! HA!
I agree with Theresa. I am happy that Obama does throw God into every conversation.
The people recognize themselves in their commodities; they find their soul in their automobile, hi-fi set, split-level home, kitchen equipment.
Herbert Marcuse
When we try in good faith to believe in materialism, in the exclusive reality of the physical, we are asking our selves to step aside; we are disavowing the very realm where we exist and where all things precious are kept -- the realm of emotion and conscience, of memory and intention and sensation.
John Updike
“The best things in life aren't things.”
Art Buchwald Quotes
My favorite thing about black Friday is that the park was almost empty. I was alone with my thoughts and my music. It was a wonderful 3 miles.
This whole retail system is poorly conceived and poorly executed. We, the consumers, are led like cattle into a coral and then, in the last 6 weeks of our calender year, turned loose to stampede in a mindless and violent frenzy to purchase goods that we could have purchased at any time during the preceding months without all the mania.
Of course the whole idea is to excite us emotionally, reduce our capacity to think logically so that, in our artificially induced frenzied state, we will buy impulsively and in excess for the sake of profiteering executives and stockholders.
All together now, everybody "Mooooooooooooooooooooo............" and don't forget to follow the one with the bell!
Dontcha just love WalMart?
If that wasn't so sad and true the cattle metaphor would be hilarious. Good analogy!
I am not buying a single thing this year. Nothing. Our family (all grown ups) has decided China has enough of our money, and big box retailers treat workers like trash. So let them all eat cake. Those stores don't care about my bottom line, I don't care about theirs. You can't spend your way out of a recession.
I kind of feel the same Randy except I went on line to Americaforever.com.
They only sell American made products unlike China Mart....
Damn, I still remember when their slogan was Bring it Home from the USA... Sad..
I rather liked Antoinette, fated as she was: however, you do realise, though, WHY she said 'let them eat cake', correct?
This message is directed at the truly middle class workers out there. You know who you are. You've managed to evade unemployment. You drive a car that could be repossessed at a moment's notice if you missed a payment, and you live in a house that is likely worth much less than you paid for it.
Now I want you all to consider the consequences of what you may or may not be doing this holiday season. Because if you are planning to acquiesce to the "spirit of the season" and go out and spend money you don't have, on things neither you or your family need when you could very well have some financial emergency to tend to in 2012, please think again. The financial leaders of this nation need a good loud wake-up call. The stock market is already inflating a brand new asset bubble and it needs to be popped before things get much further out of hand. The ONLY way this will happen is if you and the rest of us tenuously holding on to a slippery spot on the great southerly moving iceberg that is middle class America snap your wallet shut and just say "no." No to the "doorbusters", no to the "sales," no to the silly jewelry commercials, and no to the "bargain" big screen TV.
I know, some of you are thinking, "but the little ones, it's Xmas!" Fine, grab a few cheap toys off the shelves at Big Lots (didn't we used to call these stores the "5 & dime"?) and put'em under the tree if you must. If they are old enough to complain about these cheap gifts, then they are old enough to remember that you've probably given them everything they want or need over the course of the year anyway. Hell, if you really think about it, Xmas hasn't been a big deal for most kid's personal economy since the first Starbucks opened up in your neighborhood.
The fact is, its time to scare the poop out of the hedge fund managers and the rest of the elite investment community in this country. Let them know that unemployment of 9.1% (20% if you omit the fuzzy math used by Washington) means no profits (holiday or otherwise) for ANYONE. They need to realize very quickly that they have pushed the economic tachometer so far into the red that they had better do some preemptive hiring to keep the whole thing from blowing up. BUSINESS NEEDS EMPLOYED CUSTOMERS! They need to understand that right now. And I mean THIS YEAR. Because if we passively go about our usual routine spending money we don't have and "making the best of the holidays", they'll have all the profits they nee to last until the Chinese middle class really gets moving. Once that happens, they won't need you at all. They won't need you or ANY middle class American consumer at all. Heck, why pander to an American workforce who wants outrageous things like health care, a living wage, overtime, OSHA protections and all the rest of those worker benefits, when they can have CHINESE MIDDLE CLASS CONSUMERS. People who will still be cowering under the fear of their government but, will be more than willing to buy cars and TV's and iPhones from the big multinational companies that really own this world.
Now some of you are going to say, "but without consumer spending even more jobs will be lost!" But the reality is that once the people who control the finances of the world take a step to the edge of economic collapse and look into its ugly gaping maw, they'll HAVE TO pull back. Hedge fund managers are COWARDS. Bankers are COWARDS. Hey if you don't believe me just try to get a mortgage or any other kind of credit today. They'll take one look at the prospect of no big bonus, or worse yet, a stock market loss and say "no way!
However, if we let them think that this country has adapted to their "new normal" of sky-high unemployment and frozen or falling wages and benefits, then that as they say will pretty much be that for middle class America. Your employer will own you even more than they already do. You won't make so much as a peep if your company raises your health insurance premiums, cuts your wages or eliminates your 401k matching. In fact, you'll happily do the work of three people while humming the company jingle. Because you will just be happy to have a job. And that will be your legacy, and the legacy of your children for as far as the eye can see.
So put away that cash, you're going to need it next year anyway. And remember, Xmas may come but once a year, but economic tyranny can last a lifetime.
"They call it the American Dream, because you've got to be asleep to believe it!"
Bravo Mr. Richards...bravo.
About the 'toys from the Big Lots": you're much better off buying American, mate. At least you'll know that your littles won't be poisoning themselves on leaded paint and tainted plastic!
In diplomatic relations, it is in the best interests of the U.S. not to be placed in a position as such. Civil War will ultimately start here on our soil during which anyone whom will venture to prosper off the backs of another nation's population. Laws ultimately will be changed in favor of the middle class as their numbers far out exceed that with a stroking pen in their hands at the voting booths. Look for laws to change to give more power to the people and their government in this country where we can actually vote someone out of their office in their tenure and replace them. We would love to do this to congress right now.
Huh, it appears that the "99%" still has plenty of money to blow on Christmas shopping. The media outlets are full of pictures of people hauling away gigantic HD flat screens, ipads, Xboxs, etc. No wonder Occupy protesters were calling for boycotts on Black Friday - which were obviously completely ignored. All of this conspicuous consumption kind of undermines their message of the poor, down-trodden, barely-making-ends meet 99%.
And I thought the economy was bad, people had no money and couldnt pay their bills !............When the stock market goes to 1000, theres no lines at 3am at these stores and the stores DO NOT do 400 billion dollars in sales for the holidays, I'll believe the economy is bad
Here is how "American's" are paying for holiday consumer crap.
American A: "I took out a home equity loan on the inflated value of my home" My wife just lost her job and we don't plan on making another payment on that mortgage or the HEL" So, merry Christmas to all we are stealing this back from the bank."
American B: "Great, can you get me a snow blower?" Don't forget you get 2% back on groceries and 3% for gas."
American A; "No problem on the snow blower as long as you do our driveway while we are in Hawaii in January. All those extra points for opening up even more credit cards, we get a free trip."
That's because you don't read the new between the lines. There are ppl who have money. It's just that those ppl who have money:
1) can't be replaced by foriengers
2) can't be replaced by machines
3) can't be replaced by minimum wage kids
The ppl who don't have money are "Proud Americans" who:
1) don't want to retrain to jobs tha foreigners don't do
2) want to keep doing jobs their grandpa did
3) don't want a pay-cut and rather stay unemployed
Oh yeah. 4) Spent all thier savings on a house thinking it was gonna be $1 million by now. rofl!
But don't worry, soon Obama will save the ppl in the second groud with your taxes! lol!!!
"ppl" who don't have money and seem to be Americans are the ones who:
1) Attening Community Colleges and other trade schools, whose enrollment has sharply increased during the last three years
2) Buried their grandparents not knowing what jobs they had done in their lives due to a generation gap and
3) have already taken a 40% paycut on unemployement if they are unemployed; the maximum of which is only 400 American dollars per week. Try to make your rent and your car payment on that, mate, not to mention raising your kids.
4) Have never bought a home because they never could save enough for the downpayment that was required because they've been paying rent since they left their mums's house.
But don't worry: the bloody Torr- em Repubs will make certain that your government starves itself to death, even though the people are LEAST taxed in the 1st world (IF you're still there), all because some flunked-out-high-schooler by the name of Norquest has led all of his pledge-signing morons (most with an R after their office) off of a cliff.
Certainly cut the deficit - but RAISE your REVENUES.... blooming idiots.
Well said Mr. blade!
Retail has turned society into a bunch of zombies willing to camp out in front of a store for 2 days just to save $50 on a tv set. Wow, we have nothing better to do with our lives that we resort to this low.
The violence surrounding the Black Friday shopping events is a sad statement and reflection of humanity and what our society is becoming.
Not everyone "camps out" anymore. Lots of deals online. I was pushing 5GB of ram just opening Black Friday deals. LOL And I even closed many of the tabs and browsers that I did research with. If I kept those "comparison materials" up, I would prolly use more than 8GB of RAM, which is the max on my computer. rofl!
I refuse to be a sheeple and play into this bull. No shopping from thanksgiving until monday!!!
This just goes to show that we need to get away from helping the super rich and large corporations and start helping regular consumers (70% the economy) get their purchasing power back and get the economy going.
Just watched Good Morning America report on Black Friday, 2011.
Up until this time I'd thought that Americans were some of the most civilized people in the world.
What barbarians!!!
What lunacy!!!