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Essay comparing and contrasting cyber monday to black friday
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This month, Americans will spend nearly $800 per person on holiday sales. Every major retailer will have massive deals on clothing, electronics, and furniture, among other products. Many companies will be giving more than 50% off on some items. The biggest shopping day of the year is Black Friday, where some $50 billion is spent over the four-day weekend. However, many economists are saying that the shopping season, and Black Friday in particular, is losing its luster. This past year, the day after Thanksgiving sales dropped by 11%, which begs the question: Is Black Friday over? We first must look into the origins of Black Friday to understand its demise. In 1939, the country’s largest retailers asked President Franklin Roosevelt to move Thanksgiving up a week in order to have more time to unveil the season’s sales. And so Black Friday was born, an annual tradition where Americans find the best deals of the …show more content…
year. Starting in the 1980s, consumer spending rose dramatically. Retailers looked for any means possible to have longer period of sales, and so deals now begin well before Black Friday begins. Then, in 2011, stores such as Target, Macy’s, and Best Buy opened at midnight Friday, as opposed to doors opening at 6 AM. In 2012, Walmart and several other retailers opened on Thanksgiving Day, once considered unfathomable. Target now offers 10 days of deals leading up to Black Friday. Consumers don’t need to worry about rushing to the store on Friday, since there are deals well before the unofficial beginning of the holiday shopping season begins. As much as early deals affect Black Friday sales, it’s online shopping that’s hurting the most.
In 2005, companies began to offer deals online beginning the Monday after Thanksgiving, coined “Cyber Monday”. Since then, online shopping on that day has risen every year, and in 2014, sales exceeded $2 billion, up 17% from the year before. In addition, there are more deals on Cyber Monday than Black Friday. Over the last two years, there have been 45% more clothing deals on clothing on Monday than on Friday, and 50% more shoe deals. People no longer feel the need to deal with the shopping madness of Black Friday when they can easily buy products online in the comfort of their own home. While Black Friday remains the biggest shopping day of the year, there may be cause for concern among retailers that it could be losing that title. Between stores offering deals earlier and earlier every year, and online shopping becoming the ideal way to get the best deal, it seems like the days of Black Friday being the biggest day of the year for retailers are
dwindling.
Rudarakanchana, D. (2013). E-Commerce retailers foresee strong holiday sales, amazon besting traditional firms. Retrieved from http://www.ibtimes.com/e-commerce-retailers-foresee-strong-holiday-sales-amazon-besting-traditional-firms-1468146
It is seen in everything from the hoarding of material objects to the destruction of friendships, both of which are popular themes when regarding the topic of Black Friday shopping. Black Friday has become Black Thursday, a trend which has only shown up within the last decade. The great American holiday that is Thanksgiving is celebrated because of our gratefulness toward all that we have, a holiday that is meant to be spent gathered around a table of our loved ones. However, the retail holiday that consumes the day afterward has begun to overflow into our gatherings, and it is due to the greed of the American people. Were it not for the market’s demand for earlier sales, stores would not open their sales on Thursday nights. Everyone would simply wait until early the next morning to start off on their shopping extravaganzas, and the sales themselves would likely be far less violent as
...er that same period. This may indicate that consumers are going online to make the purchases they once made at department stores.
Thanksgiving Day is a day of family, food, and giving thanks for the blessings in life and yet some people believe Thanksgiving to be a prep day for Black Friday, the biggest shopping day of the year. The focus of Thanksgiving shifted from family bonding to incessant shopping. This trend of taking away from the hours of Thanksgiving in order to shop is enraging. It steals away from family time for the shoppers and the employees. Employers threaten workers that if they do not work on that certain holiday, they will be fired. Black Friday should be kept to Friday instead of moving in on my family time. The whole culture of Black Friday has become repugnant and unnecessary.
Thanksgiving is a time to get together with your family and have a nice dinner. Then you play games, catch up, and watch movies. Thanksgiving is the time to be grateful for what you have. But wait; now you had to start dinner earlier and cut out catching up with your family. Now it’s time to get ready to go shopping for those deals you just can’t beat. Forget about being thankful for what you have; now it’s time to buy all the things you don’t have. Has Thanksgiving been taking over by Black Friday, or should we now be calling it Black Thursday? Stores should only be able to open after 12 am on Black Friday.
On “Black Tuesday” stock prices dropped completely. After “Black Tuesday” stock prices couldn’t get any worse or so they thought, but however prices continued to drop, the U.S. fell into the Great Depression, and by 1932 stocks were only worth about 20 percent of their value.
Why not insert all these so called deals to block the walkway of the shopper while they go on their hunt for their items. When a shopper walks through the main walkway they will find setups for “Rollback” which in other words means sale. A seasonal display right now would consist of some s’more ingredients, such as marshmallows, graham crackers, and chocolate. Another display would be promoting a twelve pack can of sodas sold for five dollars if you buy more three. Lastly, there are the displays featuring brand name items, such as Velveeta and their dinner kits. These displays cause impulse buying by catching customers with hot deals while they walk through a maze of pop-up items. Many shoppers complain about how they have a certain item to buy when going to Wal-Mart and end up buying other items and completely forgetting what they came for due to all the items that are promoted as great
On October 29, 1929, now known as Black Tuesday, the United States stock market crashed sending a wave of worldwide economic depression that would be felt for years. Referred to as The Great
Holidays have always been known to affect our consumer culture for many years, but how it all began eludes many people and very few studies have been completed on it. Even though some say that the subject is too broad to precisely identify how holidays, especially Christmas, directly affect our market, I have found that people’s values, expectations and rituals related to holidays can cause an excessive amount of spending among our society. Most people are unaware that over the centuries holidays have become such a profitable time of year for industries that they now starting to promote gift ideas on an average of a month and a half ahead of actual holiday dates to meet consumer demands.
When Black Tuesday hit Wall Street on October 29, 1929, investors traded around 16 million shares on the New York Exchange in a single day. Billions of dollars were lost. This wiped out thousands of investors. This sent America and the rest of the industrialized world into one of the greatest economic tragedies. It would be named the Great Depression and world last from 1929 through 1939.
When comparing two different ways of shopping most people do not even think about, they do both and not even realize it. In today?s society people shop while at work, after work and on the weekends, whenever time permits. Did you ever stop and think how can I get more time in the day for family or just myself? The best way to figure out with all the recourses we have; still most of us go into a store and spend time looking through racks and waiting in endless line to just purchase something. I compared going into a store verses online shopping; to see which on will save you time and money.
When comparing two different ways of shopping most people do not even think about the difference, they do both and not even realize it. In today's society people shop while at work, after work and on the weekends, whenever time permits. Stop and think how can I get more time in the day for family or just myself? The best way to figure that out with all the recourses we have is to go into a store and spend time looking through racks and waiting in endless lines to just purchase something. I compared going into a store verses online shopping; to see which one will save you time and money.
Holiday shopping, for me, is a nightmare because of the abundance of crowds, all of the fighting and competitiveness. I believe those last minute shoppers are the worst, they are the ones that are rude and impatient. For some people, with lots of patience, dealing with holiday shoppers is a good experience. For people like me, who has very little patience, it is a dreadful experience. Another aspect of shopping during the holidays is dealing with tired, overworked and frustrated employees. They are just trying to get their jobs done as quickly as possible, so they can go home to their families. Meanwhile, you have those employees that are cheerful and are eager to help the distraught shoppers. Also, during the holidays horrible accidents can occur often at this time of year. I am going to portray the dangers and mishaps that can occur during the holidays. I am not anti-holiday, but the older I get the more I don't have any desire to be exposed to all of the potential chaos.
middle of paper ... ... Kharif, Olga. " Online Retailers: An Early Holiday Peak?." BusinessWeek Online (2009): 5.
Going to the mall is like being at a zoo. Herds of inconsiderate teenagers crowd the walkways, girls fight over the best pair of shoes, and the merchandise is thrown all over the place. Imagine being able to have a stress free day of shopping without annoying kids running around and the ease of looking at perfect displays that have not been touched by the grimy hands of children. If you could eliminate the younger population from the mall, shopping would be much easier for everyone. Parents can enjoy their day out, girls-day won’t be interrupted by kids running a muck in the store, the employees jobs will be easier by not having to fix the displays that were messed up by children, and the amount of merchandise stolen will decrease if the younger population sticks to online shopping! Shopping