You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #91: CNBC discussed the Black Friday deals... [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 11:48 PM
Response to Reply #70
91. CNBC discussed the Black Friday deals...
...at length on Wednesday. This year, prices were drastically cut in such a way
to create a near-frenzy. This was done purely to get people into their stores, of
course for profits. And Walmart is notorious for only offering a certain number of
these highly sought-after deals--which creates the frenzy. Walmart doesn't have to do
things this way. They could have more than 30 Black Friday laptops.

This is all designed to get the consumer whipped into a frenzy. Some of the blame
goes to Walmart for sure.

CNBC did a huge piece on this--about this year retailers are incredibly desperate. Their
inventories are very high, consumer confidence is in the toilet and retailers absolutely
need Black Friday to be a success--or they're in trouble.

This is why the stores opened at midnight on Thanksgiving this year. These stores figure
if they can offer great deals and get you to go their FIRST--you'll shop and buy other
things.

It's the retailers who are desperate for profits--and shoppers are somewhat desperate
because many of them are out of work or just trying to stretch their dollars. There's
a lot of desperation on both ends of the equation--but ultimately--it's the retailers
who set up these pressure-cooker situations--and they damn well know what they are doing.

Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC