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Analysts say consumers may find holiday weekend deals too good to pass up

Today is traditionally one of the biggest shopping days of the year. Black Friday is associated with great deals on goods, especially electronics, and huge crowds in many minds.

According to InformationWeek, Monday, known in ecommerce as Cyber Monday, will also be big this year. Despite a mixed outlook for shopping this holiday season, online merchants are gearing up for brisk sales come Monday.

According to a survey from the National Retail Federation (NRF) on Tuesday, 128 million people will shop over the holiday weekend. The Survey found that 49 million consumers planned to visit stores over the holiday weekend and another 79 million consumers report they will wait to see what weekend deals would be before fighting the shopping crowds. Last year 135 million people planned to shop over the holiday weekend.

Analysts say that shoppers may have some extra money thanks to gas prices being significantly lower than they have been earlier in 2008. Pent-up demand for shoppers who have been waiting for Black Friday deals all year could also fuel spending according to the NRF.

NRF president and CEO Tracy Mullin said, "Shoppers who held off buying a DVD player or winter coat over the last few months will find that prices may literally be too good to pass up."

Shoppers and consumers are hoping for good deals and brisk sales over the holiday weekend, but things are still looking grim for the economy in America. The U.S. Commerce Department reported this week that orders for durable goods decreased by 6.2% last month to $193 billion. The drop in orders was predicted to be only 3%.

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Paid to shop
By djc208 on 11/28/2008 11:52:25 AM , Rating: 3
So everyone took the day off today to go hit the regular stores and shop for stuff (except me). Meanwhile the on-line places offer all their deals on Monday so that everyone can spend half their work day online shopping for the rest of their gifts.

Personally I find that kind of funny. So most other businesses are getting fleeced twice. Once of Friday when no one shows up for work, and then on Monday when nothing get's done.

Just remember if you'r boss catches you online you were shopping for him.




RE: Paid to shop
By Mitch101 on 11/28/2008 1:49:38 PM , Rating: 5
I didnt see anything in the flyers worth taking a day off to buy or bother getting up early and stand in the cold for at least an hour.

Really lame deals this Black Friday.


RE: Paid to shop
By FITCamaro on 11/29/2008 5:43:10 PM , Rating: 2
I got up early on Friday to go to the Turkey Rod Run in Daytona.


RE: Paid to shop
By Mitch101 on 11/30/2008 10:26:53 AM , Rating: 2
Been a while since I had a project car. Looks like fun.

http://www.turkeyrun.com/Turkey_Run_Home.html


RE: Paid to shop
By JonnyDough on 11/28/08, Rating: -1
RE: Paid to shop
By GeorgeH on 11/28/2008 7:17:01 PM , Rating: 3
quote:
Just remember if your boss catches you


Capitalist.


RE: Paid to shop
By JonnyDough on 11/29/2008 12:45:04 AM , Rating: 2
Respondent.


RE: Paid to shop
By JonnyDough on 12/1/2008 4:50:54 AM , Rating: 2
I get automatically down rated by the DT moderators because I speak out against them pretty consistently. They aren't even journalists, they're just bloggers who read stuff online and do write ups. Someone has to keep them in line. Oh well, it was fun while it lasted. Hope everyone had a happy Thanksgiving.


RE: Paid to shop
By JonnyDough on 11/28/2008 2:48:50 PM , Rating: 2
Nah precent fo yoo!


RE: Paid to shop
By JonnyDough on 11/28/2008 2:51:08 PM , Rating: 2
By the way, that was an Asian saying "no present for you" it was not supposed to be Arnie.

The Terminator would have said "Stay hea, I'll be bach - with, a present fah youu!"


RE: Paid to shop
By Some1ne on 11/28/2008 5:15:44 PM , Rating: 2
I don't know what you're talking about. Any halfway respectable company gives its employees Friday off, and any halfway respectable boss doesn't care how much time people spend surfing the net, so long as they're still getting their work done.


RE: Paid to shop
By GaryJohnson on 11/29/2008 11:26:16 AM , Rating: 3
You just filtered out 95% of employers.


Live within their means
By Screwballl on 11/28/2008 12:26:24 PM , Rating: 1
People are hopefully realizing that they have to live within their means... with the economy and housing situation and stock market and everything else that the public "hears about", they realize things are not good and will be getting worse for another few years. So there will be more people actually spending within their means and I HOPE this is a kick in the pants to help get some people back to reality.




RE: Live within their means
By sprockkets on 11/28/2008 2:49:11 PM , Rating: 2
I used to think that spending beyond your means meant you were not financially wise. Seeing as how the banks over loaned, the government over spends and wastes more than anyone, and we need a bailout to the tune of a trillion just so the system can continue to function so that people can start borrowing again, I don't feel so bad being a part of the 45+ trillion dollars that this country owes to banks.


RE: Live within their means
By Ringold on 11/28/2008 3:03:21 PM , Rating: 2
quote:
I HOPE this is a kick in the pants to help get some people back to reality.


What I fear is that people, instead of looking at themselves, will blame government and "greedy" lenders for our malaise. Never mind that "ARM" is even easier to figure out than GNU, and never mind that banks don't buy things on your credit card on your behalf, individuals have to run up tens of thousands of credit card debt all on their own. Never mind that many of these trends predate Bush (including the stock market, which appears to be some sort of multi-decade double top pattern). I've figured out not to underestimate the peoples ability for denial.

That said, savings rates have bounced off of 0, but they're still a long way from where they were back in 1990. Maybe people are learning their lesson, but I'm not optimistic.


RE: Live within their means
By sprockkets on 11/28/2008 3:50:34 PM , Rating: 2
My point is this: I'm not blaming the government for my ills in spending. But, we constantly hear about how we should not live beyond our means, yet the banks and government did it and continue to do it everyday.

And for that matter, really, just about everyone in this country, wait, just about everyone in this world lives beyond their means. We consume more natural resources than are replaced, be it land, trees, oil, etc. What happens then when our supply of "credit" runs out?


RE: Live within their means
By Seemonkeyscanfly on 11/28/2008 3:57:59 PM , Rating: 3
We all file BK and the world has to reset its resources and bail us out.... :P


RE: Live within their means
By Seemonkeyscanfly on 11/28/2008 3:54:24 PM , Rating: 2
learned their lesson... no such luck. People as a whole do dumb things. We are all guilty of it. If everyone else saves then me spending money will not matter.... or the reverse which is needed to help move this economy along - if everyone else spends all their money the economy will bounce back. However, I'm not spending a penny in case things go bad I have something in the bank...
As individuals many will do what is good for themselves (sadly many do not know what is good for themselves). However, as a group humans are almost impossible to get to react as one group and do what is good for the group. It takes something drastic like: war, an attack, tragic death, or some other sort of extreme drama. We are creatures that decide what to do, buy, eat, drink.... based on emotions not based on logic and understanding.


RE: Live within their means
By BansheeX on 11/29/2008 4:59:03 PM , Rating: 5
Ringold, let me explain something to you. Savings is underconsumption by definition. When people are no longer bidding up asset prices with borrowed money (credit) enabled by stupid foreigners buying our negative-yield bonds, those prices collapse. The credit should have never existed in the first place, interest rates in this country are centrally price fixed far below where the market would have them, time and time again, to create artificial "booms" followed by proportionate busts.

Fast forward to now, you say people are entirely to blame for their behavior and that they should stop being fooled by this process. I tend to believe that the person spiking the punch bowl is to blame for people getting drunk. The federal government price fixes interest rates, declares lending standards discriminatory with the community reinvestment act, redistributes wealth from savers to speculators, backstops fractional reserves, backstops risky deposits with the FDIC. They fundamentally change human behavior by removing the consequences of risk, and you and 97% of the people in this country who don't vote for libertarians like Paul don't understand that. These are socialist ideas that the government can somehow engineer a better economy than what people spending their own money can do.

People now know they were fooled and were going to suffer the consequences, but all indications are that the government isn't going to let it happen. People are continually being encouraged to spend more and more borrowed money by their government. It's what got us into this mess and its their solution also for getting us out. It's like a junkie who sees painful withdrawal symptoms as the problem rather than high itself, and keeps shooting himself up to avoid it.

Interest rates are about to go to 0% even as foreigners have stopped lending to a nation with nothing but a printing press to pay it back, and the government keeps printing up stimulus checks to encourage spending even when people are broke. Failed business models are being subsidized by sound ones, saving those jobs by covertly destroying the ones we need. And people don't understand it. They truly don't, they think the government has the power to make the market work, but all the government has is a printing press run by a bunch of lawyers who spent millions of their own money to get in a position of spending other people's money. The auto industries that Obama wants so badly to bail out is pure insanity. Those companies were posting monster losses at the HEIGHT OF THE BOOM. They are terrible business models and it will continually cost the taxpayer more and more money to keep them operating while their CEOs take $20,000 plane rides to beg at the Washington trough. He's talking about a new new deal when we're broke from the old one.

There's only one thing the government can do right now to avoid a depression and that is drastically reduce its size.


Out of touch -living a virtual world
By crystal clear on 11/29/2008 3:12:35 AM , Rating: 4
quote:
Retailers, Online Stores Brace for Brisk Sales


A very higly optimistic title to the article as if its business as usual,in sharp contrast to the realities on the ground.

One has to be totally disconected from the realities of life,to think its brisk sales when infact its exactly opposite of that.

All economic indicators & NOT those stupid anaylist show & expect a very sharp drastic decline in sales for major retailers & etailers.

Not a Black Friday or Cyber Monday will ever change the realities of the situation.

Not even the major buying season - christmas will change that.

Retailers are bracing for a massive FIRE SALE/clearance sale in the major buying season to come to bring in the bare minimium revenues enough just to survive this economic crisis.

They fear bankcruptsy which is on waiting for them on their doorsteps.

The U.S. economy is losing on an average of 90,000 jobs per month in the past 6 months & will continue to do so for the next 6 months at least if not more.

The economic situation will get even more worse io the first half of 2009-No bailout will reverse the trend or the crisis.

Yes the big banks.financial companies & other big companies will benefit from the 800 billion bailout from the govt- but the ordinary buyer/consumer/citizen gets No BAILOTS.

An economic stimulus package is needed & such a package will take a long time to show its effects in solving the crisis,till then it massive job losses,massive cost cutting,massive losses,bankcruptcies.

Now its restructoring/reorganizing/cost cutting from the companies level to the ordinary consumer.

Its not those FUEL prices but UNEMPLOYMENT that hits you very hard-namely your pocket.

Those out of their jobs will find it extremely difficult to get jobs & those with jobs live a life of fear of losing their jobs just any day in the future.

In addition they are fighting a debt crisis paying of their mortgage repayments & credit card bills & a very high cost living expenses.

Companies will give YOU 1 option-

# Accept a cut in your salry & perks to stay on in your jobs- get fired

# work harder & longer hours with NO overtme pay or get fired.

Dont live in a fantasy world or the virtual world of free spending,high salaries,plenty of jobs,good times etc.

Just to remind you all the major revenues brought in by retailers is from the mainstream buyers, who are the most hit by this economic crisis

There is no spare cash left over rather a huge deficit in their monthly family budgets.

No choice - cut down your expenses to the bare minimum-take control of your family budgets.




By crystal clear on 11/29/2008 3:17:41 AM , Rating: 2
# Accept a cut in your salry & perks to stay on in your jobs- get fired

Sorry for those typing errors,should read-

# Accept a cut in your salary & perks to stay on in your jobs - or get fired


black friday sucked this year
By tastyratz on 11/28/2008 5:15:06 PM , Rating: 2
I hope Monday is better, This BF was terrible. I picked up some tools at sears but there was no real rush - no big deals worth waiting for. I camped at BB 2 years ago and blew a couple grand - today I kept it under 200.
Anyone actually bother camping for anything this year?




RE: black friday sucked this year
By Jedi2155 on 11/29/2008 12:07:42 AM , Rating: 2
Grab a 32" Samsung LCD TV for $388 at Fry's, and a Norelco electric shaver for $15 :).


No holdiay shopping rush here
By Beenthere on 11/29/2008 4:20:36 PM , Rating: 1
The malls around my neck of the woods - a Metro mid-west area, aren't busy at all. Looks like normal weekend volume or less.

I think we're all in for one long economic depression the way economies are sinking world wide.




"So, I think the same thing of the music industry. They can't say that they're losing money, you know what I'm saying. They just probably don't have the same surplus that they had." -- Wu-Tang Clan founder RZA











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