Retailers, flush with inventory and eager for customers, are set to offer some deep discounts this year as Black Friday approaches.
FILE- In this Nov. 23, 2017, file photo shoppers enter a Best Buy looking for early Black Friday deals on Thanksgiving Day in Bowling Green, Ky. A solid 70 percent of Americans plan to shop on Black Friday this year, according to a recent NerdWallet study conducted by The Harris Poll.lush with inventory and eager for customers, are set to offer some deep discounts this year as Black Friday approaches.
“Last year, about one-third of consumers said that they’re finding what they’re looking for in stores, and that has doubled to about two-thirds now,” Mark Mathews, the National Retail Federation’s vice president of research development and industry analysis, told the“With high inventories, retailers have to clear shelve space and make room for stuff that’s still arriving onshore, which means that they have discounts,” he added, noting that the deepening Black Friday discounts are a positive...
Put simply, the decline in average real earnings means consumers have less money to buy things over the Black Friday weekend. “They’re going to not just be picking up the things that they intended to. I think once they see the sales, they’re going to see other stuff, and it’s going to be hard to turn down some of the deals they’re going to see out there,” Mathews said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Many Philly retailers started Black Friday sales weeks early, hoping ‘buzz’ will drive demandStores have expanded the Black Friday shopping season even more than usual, with some having offered sales since October.
Read more »
Here’s when Bass Pro, Walmart, Target and other stores will open on Black FridayHere's when these major retailers will open on Black Friday.
Read more »
What Cramer is watching Friday — Fed plays good cop, bad cop and off-price retailers shineU.S. stock futures point to a higher Friday open.
Read more »
Take Five: Black Friday testThe most important day for U.S. retailers is here and questions are rife on whether king dollar is set to lose its crown.
Read more »
Best Black Friday clothing and fashion deals 2022: boots to jewelryLet’s shop until we drop (onto our couch).
Read more »
The Best Early Black Friday Kitchen Deals To Shop Right NowThe early bird gets the espresso machines, air fryers, and Le Creusets.
Read more »