Black Friday 2009

Black Friday Information

Brad's Top 10 Tips for Black Friday Sales

1. Research: start your Black Friday 2009 research on Thanksgiving day or earlier.
2. Make a plan: identify what you want to buy, what stores you need to go to and what time they open.
3. Timing is everything: arrange stores by opening time from early to late.
4. A fool and his money: be wary of Black Friday deals with quantity limits. If a store only has 10 items at that price, go elsewhere.
5. Visualize: know where your items are in the store.
6. Stay Safe: BF 2008 was deadly; please don't trample or shoot anyone!
7. Power of numbers: go with a team and attack separate stores or separate sections of the same store. Designate a meeting place.
8. Bring a snack: only amateurs stop at the food court on Black Friday! (Or the bathroom - so go before you leave.)
9. The quiet ones: don't ignore stores that don't advertise. They will have deals too!
10. Have fun: enjoy your family, friends and deals!

Black Friday 2009 Overall Predictions

The 2009 holiday shopping season comes amidst the worst economic climate in 70 years. In 2008, Black Friday deals were no longer only for the frugal but in 2009 they are for everybody. With record unemployment and foreclosures, as well as huge decreases in consumer credit, discretionary spending and overall confidence, consumers will again spend more on Black Friday but less overall during the 2009 holidays. Specifically

• More consumers will shop on Black Friday 2009. I'm predicting 180 Million shoppers (vs 172M in 2008).
• Consumers will again spend more on average on Black Friday, likely around 4% more (vs. 7.2% in 2008).
• Overall 2009 Black Friday spending will increase, likely by 9% (vs. 27% in 2008).
• Overall 2009 holiday spending will decrease, likely by 3% (compared to 2.3% in 2008).

Black Friday 2008 Results

How did my 2008 Black Friday predictions pan out? I got three out of four right!

• More consumers will shop on Black Friday in 2008. True!
• Consumers will spend less on average. False!
• Overall 2008 Black Friday spending will increase. True!
• Overall 2008 holiday spending will decrease. True!

Black Friday Historic Stats

*predictions

History of Black Friday

Black Friday is the Friday after Thanksgiving. Falling as early as the 23rd and as late as the 29th of November, Black Friday is not an official government holiday but many employees do receive the day off. The increased number of shoppers creates the busiest shopping day of the year. To accomodate the rush, many retailers open as early as 4am and offer "loss leaders" and limited quantity sales to entice people to their stores.

The term "Black Friday" has two meanings. In the 1960's, "Black Friday" was used by police in Philadelphia in reference to the heavy traffic on that day. Prior to that, "Black Friday" was set to mark the first day that a retailer had sold through enough inventory and turned a profit for the yea, putting them "in the black" according to the old by-hand accounting system of using black ink to indicate a profit and red ink to indicate a loss.

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