Is Black Friday still relevant?


LIZ: WHO AMONG YOU HAS TRIED TO ASSEMBLE SOMETHING FROM IKEA IN CITIES THEY’LL PAY YOU TO DO IT AND DELIVER IT. SWEDISH FURNITURE GIANT IKEA NOW REALIZES IT HAS GOTTEN BANNED BY THE RADICAL RETAIL SHIFT. THE LARGEST FURNITURE RETAILER IS CUTTING 7500 JOBS IN A HUGE RESTRUCTURING THAT WILL INVOLVE THAT WILL BALL THINKS THAT WILL INVOLVE THINGS THAN THAT WILL BALL THINKS OF THE H.R. AND COMMUNICATIONS EMPLOYEES WHILE HIRING NEARLY DOUBLE THE LAYOFF NUMBER BEFORE DELIVERY AND DIGITAL JOBS ARE THE HARD REALITY OF BRUTAL ONLINE COMPETITIONS TO RETAIL STOCKS TO THE BARGAIN BIN YESTERDAY. TODAY YOU CAN SEE THEY’RE RECOVERING A BIT. ALPERIN, TARGET, KOHL’S, MACY’S, TIFFANY, EVERYBODY MOVING HIGHER RIGHT NOW. BRICK-AND-MORTAR CHAINS COMING TO THE SAME CONCLUSION AS IKEA. ADOBE ANALYTICS PUTTING A FINE POINT ON IT PROMOTE DIGITAL INVESTMENT IS SO IMPORTANT SAYING IT EXPECTS $5.9 BILLION IN ONLINE SALES THIS BLACK FRIDAY. WHICH NAMES ARE ON THE BALL READY TO KILL IT DURING THE SUPERBOWL SHOPPING. RETAIL ANALYST KEITH HERZOG AND BURNS RETAIL REPORTER TERESA RIVAS READY TO GAIN IT ALL. YOU FIRST. YOU’RE THE ONE WHO REALLY GETS HER HANDS DIRTY. WHAT TIME ARE YOU HEADING TO THE STORES?>>I’M PROBABLY GOING TO GO OUT EARLIER THIS YEAR WILL PROBABLY GO OUT AROUND 8:00 AND THEN STAY OUT UNTIL 1:00 OR 2:00 IN THE MORNING BECAUSE I HAVE TO BE BACK YOUR FOX BUSINESS TO DISCUSS EVERYTHING WE SAW. IT’S GOING TO BE REALLY INTERESTING. OVER THE PAST COUPLE YEARS I’VE SEEN TRAFFIC DISSIPATE MORE WITH EACH YEAR AS THEY DO THIS. ONE OF THE TRENDS THAT I AM STARTING TO SEE OTHER RETAILERS ARE REALLY GETTING INTO THIS EXPERIENTIAL SHOPPING. THEY KNOW THE TRAFFIC IS NOT THAT HEAVY AS THE RETAILERS ARE TRYING TO DO THINGS LIKE, FOR EXAMPLE, SOME RETAILERS ARE PARTNERING WITH A COMPANY CALLED CHARGE IT SPOT IN THE CITY OF GO OUT SHOPPING, YOUR MOBILE DEVICE DIES AND PEOPLE WANT TO BE ABLE TO CHARGE THEIR PHONE SO THIS IS SECURE CHARGING THAT REAPPEARED THE RESULT IS THAT PEOPLE END UP SPENDING 47% MORE AT CHECKOUT BECAUSE THEY’RE LOITERING IN THE SHOP MORE. LIZ: THEY’VE GOT TO FIGURE OUT HOW TO HAVE — FREE CHOCOLATE ALWAYS DOES IT FOR ME, BUT I MAY BE IN THE MINORITY HERE. THIS BLACK FRIDAY STILL RELEVANT ESPECIALLY WHEN IT STARTS ON THURSDAY NIGHT. WE ALSO SEE A LOT OF DEALS WELL BEFORE EVEN TODAY.>>THAT’S TRUE. BLACK FRIDAY IS MORE OF A TERM THAT COVERS THE KICKOFF OF THE HOLIDAY SHOPPING SEASON. DEALS AS EARLY AS NOVEMBER 1st IN SOME AREAS AND WE’VE ALL BEEN KIND TO TRYING TO EXPECT DEALS BEFORE THANKSGIVING. AS RECENTLY AS 2015, THANKSGIVING WAS BASICALLY ANOTHER SHOPPING DAY IN THREE YEARS LATER THEY EXPECT A TON OF PEOPLE SHOPPING ONLINE. WHILE BLACK FRIDAY STILL IMPORTANT PEOPLE ARE DEFINITELY LOOKING FOR DEALS, IT IS MORE THAN JUST A DAY. LIZ: WE ARE LOOKING AT A HEALTHIER CONSUMER, HITHA HERZOG. TELL US WHICH ARE PIXAR. WHICH NAMES WILL REALLY SORE AT THIS POINT AND ARE DOING THAT EXPERIENCE CORRECTLY.>>SO WE SAW AND THEY DID REPORT EARNINGS YESTERDAY. HOWEVER, COMPANIES LIKE TARGET ARE SPENDING A LOT IN THEIR INFRASTRUCTURE TO MAKE SURE THAT THEIR CUSTOMERS NOT ONLY HAVING THE EXPERIENCE WITHIN THE STORES, BUT ALSO ONLINE. TRUE TO YOUR GOING TO GO TO TARGET? WHAT IS YOUR BATTLE PLAN?>>GO DIRECTLY TO THE WAL-MART, HIT TARGET, NEW JERSEY, AND THEN LOOK AT ALL THE RETAILERS THEY ARE. ABERCROMBIE, MACY’S AND A COUPLE OTHER APPAREL STORES. HEAD OVER TO EDGEWATER, LOOK AT THE TARGET THEY ARE AND THIS IS ALL IN NEW JERSEY, BY THE WAY AND THEN HEAD UP TO ANOTHER WAL-MART. LIZ: THERE’S A T.J. MAXX NEXT TO THAT TARGET NOT THAT I’VE EVER BEEN THERE OR ANYTHING. THE DEATH RATTLE THAT SOME PEOPLE ARE HEARING FOR JCPENNEY. THERE ARE REPORTS THAT THIS MAY BE JCPENNEY’S LAST HOLIDAY SEASON. THIS IS A DOLLARS TALK. WILL WE STILL BE TALKING ABOUT IT?>>THERE’S OBVIOUS COMPARISONS HERE. WE SAW THE IMPLOSION OF SEARS AND JCPENNEY HAS BEEN PUT IN THE SAME BUCKET BY A LOT OF INVESTORS FOR OBVIOUS REASONS. THEY WERE FACING A LOT OF PROBLEMS IN TERMS OF THEIR DEBT IN THEIR BOAT DEPARTMENT STORES FACING STRUCTURAL PROBLEMS THAT THEY LOSE SHARE AND I REALLY THINK THIS IS JCPENNEY’S LAST EASY SHOT. LIZ: RIGHT NOW IT IS THAT UP THREE PENNIES AT $1.32. HITHA HERZOG, YOU’VE GOT A LOT OF WORK TO DO. MARVEL TOSSED TO HITHA HERZOG BY THE WAY. SHE JUST HAD TWINS A WEEK AGO. ARE YOU CRAZY?

13 thoughts on “Is Black Friday still relevant?

  1. BINGE SHOPPING IS THE SAME AS GIVING A TAX BREAK TO COMPANIES TO BY BACK STOCKS NOT SUSTAINABLE LOOK AT SEARS
    AFTER NEW YEARS THOUSANDS WILL BE HOMELESS AND THE ADRENOCHROME ECONOMY GETS A EXTRA BOOST THIS IS EVERY YEAR THE SHOULD BE ACCUMULATING IN THE STREETS
    https://mobile.twitter.com/gizmodo/status/1045478459949142020
    Gizmodo on Twitter: "Calling all authors of futuristic and sci-fi short …
    https://mobile.twitter.com/nypost/status/1045511191450308608
    New York Post on Twitter: "Justice Ginsburg might get Brooklyn …
    https://mobile.twitter.com/independent/status/1046881687836221446
    The Independent on Twitter: "Sleep-related hospital admissions on …

  2. Black friday and cyber Monday week… The time most USA citizens spend more than they can afford…. well done amazon/wallmart

    …. P. S. You don't "save" money by spending money

  3. News sucks lol. Dont mind me. Im just trolling. Newscasters are rich now. They say whatever they are prompted to say.

Leave a Reply

Your email address will not be published. Required fields are marked *