newb question

[LtPage1]

What's "black friday?"

 

[FoBoT]

the day after thanksgiving

when the big retailers like target , walmart, sears, BB , etc have massive sales early in the morning

 

[Shawn]

it's the day where people spend lots of money.

 

[Semidevil]

the day where there are supposedly a buttload of discounts from stores...and people actually go and wait at like 5 am to buy crap.

 

[LtPage1]

so stores will have lower prices because of increased demand...?

<<------ econ newb

 

[Semidevil]

just draw the demand curve and find out...


<---------not an econ major.. 🙂

 

[Hayabusa Rider]

No, they have increased sales because of lower prices.

"Black Friday" unofficially kicks off the start of the Christmas shopping season. It is supposed to motivate people to go out and buy.

 

[rudeguy]

Originally posted by: LtPage1
so stores will have lower prices because of increased demand...?

<<------ econ newb

yes...but they hope to draw you in with loss leaders so you will pick up a couple extra things while you are there.

I could post our ad for BF, but I am not here to spam. Lets just say that we expect to do 4 times our normal business off of 10 items alone.

 

[PoPPeR]

it's traditionally the day that companies go from red to black in their bottom lines, hence the term black friday.

 

[PoPPeR]

just to give you a statistic, Wal-Mart does more sales on black friday than the GDP of many many many countries

 

[rudeguy]

Originally posted by: PoPPeR
it's traditionally the day that companies go from red to black in their bottom lines, hence the term black friday.

most have fixed that. If you notice most stores give the best deals first thing in the morning. That leaves the whole rest of the day to the real shoppers.

 

[PoPPeR]

Originally posted by: GoodDad

Originally posted by: PoPPeR
it's traditionally the day that companies go from red to black in their bottom lines, hence the term black friday.

most have fixed that. If you notice most stores give the best deals first thing in the morning. That leaves the whole rest of the day to the real shoppers.

i'm confused... what did they fix?