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Showing posts from December, 2013

Why Do They Call it "Black Friday" Anyway?

Why? Because that is the day of the year when sales should be so strong that retailers move out of the "red" and into the "black" - PROFIT.  So now that "Black Friday", at least in the traditional shopping sense, is becoming a thing of the past as competition and a desire to maximize sales has driven opening times all the way into Thursday - could "Black Friday" in the accounting sense also become a thing of the past? After 20 years of working through Black Fridays, there is still no question that that day still reigns supreme as the largest shopping day of the year, but this year I was finally forced to ask myself , "Are we spending too much to make this happen?"  Malls across the country witnessed something that I have never seen in my 20 years - ZERO lines from around 3am until almost 11am.  A middle of the night slow down was no surprise to anyone, but the fact that malls were as empty as a Tuesday afternoon in June was a little