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

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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-26-11 12:48 AM
Response to Reply #70
91. CNBC discussed the Black Friday deals... 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

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.

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