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Retailers Blame Drop In Black Friday Sales On Black Thursday

Tyler Durden's picture





 

With all bad news on the tape now having a suitable "explanation", be it a prior president, a tropical storm, the weather being too hot, the weather being too cold, the weather being just right, but never, ever someone actually taking blame for the fact that life is what happens when corporate CEOs (and sovereign presidents) are busy making "priced to perfection" plans. So it is with what is now a confirmed flop of a Black Friday, which according to ShopperTrak saw sales drop by nearly 2% to $11.2 from 2011, which in turn was a 6.6% gain over 2010 (and would be revised to far lower once all the refunds and exchanges to cash took place in the two weeks later). This occurred despite a 3.5% increase in retail foot traffic to 307.7 million store visits. The nominal drop in retail sales also occurred despite a nearly 1% increase in the total US population over last Thanksgiving, and a 2% Y/Y inflation. But fear not: the ad hoc excuse for this "surprising" loss in purchasing power is already handy: it is all Black Thursday's fault, or the latest idiotic attempt by retailers to cannibalize their own future sales by diluting the exclusivity of Black Friday, and which will force all retailers to follow the sovereigns in a race to the bottom, as soon every day will be the equivalent of Black Friday. But at least retailers have another 364 years worth of excuses for the conceivable future to excuse any and all store weakness. Next year: it's all Black Wednesday's fault.

From Bloomberg:

Retailers have turned Black Friday, once a one-day event after Thanksgiving, into a week’s worth of deals and discounts. With the earlier openings, online deals starting as far back as last weekend and new promotions stores are offering to win return visits, shopping malls were less hectic on Black Friday this year, said Ramesh Swamy, an analyst at Deloitte LLP.

 

“Retailers are going to pace themselves and start rolling out different types of promotions to keep consumers interested,” Swamy said today in a telephone interview from Pasadena, California. Shoppers visiting stores this weekend are getting coupons that can be used starting next week or after Dec. 1 to lure them back, he said.

 

“This was a decent two days, and so that’s a good base and foundation for the rest of the holiday season,” Bill Martin, founder and executive vice president of ShopperTrak, said in a telephone interview today. “It will just take time see to see if consumers spent all their money or if they’ll take another bite of the apple as the season matures.”

What money? The 3.3% national savings rate which just happens to be the lowest in the past 3 years?

Unless by money ShopperTrak merely means to the largely synonymous: "tapped out credit cards."

There is also hope that consumers are ignoring the fact that they simply don't have disposable income, and have instead "charged it" online. "This is the year that mobile finally went mainstream,” Anuj Nayar, a PayPal spokesman, said in a telephone interview yesterday. Many people finished Thanksgiving meals and then shopped on their tablets or phones, he said."

Or, far more likely, just passed out. As for the year "mobile finally went mainstream", that was 2008, then 2009, then 2010, then 2011. It will also "finally go mainstream" next year, and the year after...

And while savings may have collapsed, disposable incomes non-existent, and average hourly wages rising at the lowest pace in... well ever, people still at least have their confidence.

Retailers had increasingly confident consumers visiting stores this weekend. More Americans this month said the U.S. economy will improve than at any time in the past decade, according to the Bloomberg Consumer Comfort Index. The share of households saying it would get better rose to 37 percent, the highest since March 2002. A year ago, the measure showed a record number of consumers said it was a bad time to spend.

Funny, because a couple of paragraphs lower in the same story, Bloomberg says this:

There is a lot of belt-tightening by companies going on and people are still losing their jobs,” said Bettini, who with her husband, Randy, raises grapes, mushrooms and vegetables on a family farm. They also plan to give gift baskets with homemade cider. “People are trying to get by the best way they can.”

What is the confidence-USD exchange rate anyway, or hope-EUR? And how does that look priced in energy terms. Why energy?

“We’re encouraged by what we’re seeing out there,” Mark Breitbard, president of Gap Inc.’s North America division for its namesake brand, said in a telephone interview yesterday. “There’s a lot of energy in the malls right now, which is great.”

Let's see here: "hope", "confidence", "consideration" and now "energy." By the time the depression is over, everyone will be flat out broke, but at least everyone will know every possible synonym of "bullshit" imaginable.

 


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Sun, 11/25/2012 - 11:13 | Link to Comment vast-dom
vast-dom's picture

OT future of US housing (and shopping):

 

http://live.wsj.com/video/voices-from-tent-city-nj/0B070033-700D-4F59-8F...!0B070033-700D-4F59-8F9B-E38C15E5F038

 

and everyone already knows the "bullshit" synonyms, they just don't realize the level of bullshit they're deluding themselves into.

Sun, 11/25/2012 - 12:01 | Link to Comment Fukushima Sam
Fukushima Sam's picture

What I wish for Christmas:

 

  1. Every day is Christmas!
  2. All the rich food I can eat!
  3. More money than I am able to spend!

Thank you, Uncle Bernank!  I love you!

Sun, 11/25/2012 - 12:17 | Link to Comment derek_vineyard
derek_vineyard's picture

kick the can! kick the can!  one more shopping spree

Sun, 11/25/2012 - 13:26 | Link to Comment TruthInSunshine
TruthInSunshine's picture

***From Reuters News Wire Services***

 

"Retailers have been left scratching their heads after motley crew, zombie-like, broke-dick hordes descended on their stores, laying waste to property & personnel, purchasing loss-leader doorbuster specials only, such as $97 180" 1080p 3D HDTVs, $5 "Richard Simmons" Shake Weights, $4.50 Fuax Jimmy Choos shoes & $8.88 Heche En China Coach Handbags, $2.50 Jack Welch Toasters, $5 Nautica Scented Toilet Water, $19.99 The Ben "Buzz Lightyear To Infinity & Beyond" Bernanke Edition HP/Play-Doh Fiat Printer, 100 Pack-for-$10 Victoria Secret Thongs, $1 Sri Lankan made Turtle Necks (made by 5 year old expert craftsman, $29.99 1001 piece Crafstman Lifetime Warranty Tool Sets (made in Myanmar), 3 cent can of Petsmart brand Fukushima Flounder Cat Food, $9.99 Sodomize-Me-Elmo-Because-Everyone-From-Goldman-To-My-Puppeteer-Is-Doing-It, and $5 The-Timmay-Geithner-Elf-Who-Sits-On-The-Shelf, charging these things to their 39.99% Credit Cards, and making immediate bee lines for the exit doors."

Sun, 11/25/2012 - 14:23 | Link to Comment Spastica Rex
Spastica Rex's picture

Thank you.

Sun, 11/25/2012 - 14:48 | Link to Comment hairball48
hairball48's picture

ROFLMAO!! Sad part is that it's true :(

Sun, 11/25/2012 - 15:02 | Link to Comment cesarsp_us
cesarsp_us's picture

Heche En China Coach handbags....really funny stuff 

Sun, 11/25/2012 - 16:49 | Link to Comment duo
duo's picture

Our founding fathers warned us that democracy was mob rule.  Now that you see how the mob behaves, doesn't the future look bright?

Mon, 11/26/2012 - 02:36 | Link to Comment 13thWarrior
13thWarrior's picture

Jack Welch Toasters? Toasts star breads and burn underperforming ones.

Sun, 11/25/2012 - 13:54 | Link to Comment stocktivity
stocktivity's picture

Actually...it does make a bit of sense that Black Friday sales would be lower if they began on Black Thursday.

Sun, 11/25/2012 - 16:50 | Link to Comment Bobbyrib
Bobbyrib's picture

So combine this year's Black Thursday and Friday and compare it to last year's..

Sun, 11/25/2012 - 12:31 | Link to Comment takeaction
takeaction's picture

This is why.  This will fall into the category of "Classic"  It is a little long...but wait for the punch line.  This is America friends.

http://www.youtube.com/watch?v=7jnBrpPaZ9c&feature=youtu.be

Sun, 11/25/2012 - 14:39 | Link to Comment A Nanny Moose
Sun, 11/25/2012 - 14:53 | Link to Comment Bay of Pigs
Bay of Pigs's picture

The USA has become a nation full of "non thinking" people, totally unaware and completely unenlightened. 

We also have enough drones by the looks of it (humans).

Sun, 11/25/2012 - 21:01 | Link to Comment Frozen IcQb
Frozen IcQb's picture

Of course the whole USEconomy is BS but these Black Friday stats are Bullish Babe!

A 2% drop will be spinnned as...nothing...NOTHING!

Just watch the Algos gobble it up more that the turkey they just ingested.

 

Sun, 11/25/2012 - 22:43 | Link to Comment toady
toady's picture

I saw the spin on the news a couple hours ago. All is well! ALL IS WELL! ANOTHER RECORD BREAKING YEAR!

Of course, no actual numbers were presented.

Mon, 11/26/2012 - 10:22 | Link to Comment Frozen IcQb
Frozen IcQb's picture

Sure enough just like clockwork: AAPL is up $3+ from Friday's close. AMZN & BBY up also.

Sun, 11/25/2012 - 11:10 | Link to Comment tooriskytoinvest
tooriskytoinvest's picture

Stock Market Set To Sell Off Next Week: Argentina Nearing Technical Default, EU Budget Summit Heading Toward Failure, Black Friday Retail Sales Fell Nearly 2%, 30% of Businesses Had Put At Least Some Projects On Hold, And A Very Bad Fiscal Ciff Idea Is Floated

http://investmentwatchblog.com/stock-market-set-to-sell-off-next-week-argentina-nearing-technical-default-eu-budget-summit-heading-toward-failure-while-demanding-8000-layoffs-at-spanish-banks-black-friday-retail-sales-fell-nearl/

Sun, 11/25/2012 - 12:38 | Link to Comment vast-dom
vast-dom's picture

stock market should have sold off since circa QE2 all day every day until SP was at 800, best case. no one knows anything timeframe-wise in this ponzi marketplace.

 

Max Keiser Crash is Coming:

http://www.youtube.com/watch?v=uZr9G7s2zBQ&feature=player_embedded

Sun, 11/25/2012 - 12:40 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

The stock market should have stayed sunk since 2000.  It has rebounded twice since then only because of the FED.  So the FED has kept the market aloft (ex. inflation) for over 12 years.

Sun, 11/25/2012 - 12:43 | Link to Comment vast-dom
vast-dom's picture

correct. follow the bond bubble...(tyler may be v wrong re: TBT.)

Sun, 11/25/2012 - 13:54 | Link to Comment disabledvet
disabledvet's picture

not to get technical but you have to factor in "returns after inflation" or "real returns" when asking "why does that number thingy keep doing that number thingy thing i don't want it to." here's a good intro: http://survivingcalifornia.wordpress.com/2011/01/30/how-the-government-l... so let's explore what economists call "hedonic pricing" then: http://en.wikipedia.org/wiki/Hedonic_regression now let us proceed IMMEDIATELY to "hedonic pricing in real estate valuation." seems kind of vague...other than "your entire tax system is based upon it." so let us proceed to the link "sales comparison approach" which according to wiki "basically says the same thing as hedonic pricing." and there we see a very important term (no link of course) called "the sales adjustment grid." simply put "we will state the value of housing based on a few sales in the neighborhood and adjust accordingly." that would be adjust HIGHER accordingly actually. In other words "all i need to do is buy about 1000 homes in California a year in certain locations and that should give me a median price of...say...500,000." (Say HELLO TO BONUS BUCKS!) This is "bubble 101" folks...been practiced and refined ever since the end of World War II...which is pretty much how everything has been financed since World War II when gold was no longer legal tender (as in a "the price setting mechanism"...not "gold transferable to paper" but ALL paper transferable to gold at a set rate. Now it appears we have a California "real estate standard.") The ability to SUSTAIN such a bubble is a whole 'nother field of course...that get's into TRUE financial alchemy of which this site has been most expert at exploring. suffice to say "the best economists and financial gimmi...er, gurus in the world work in New York City" and "they're now exploring the economics of catastrophe vis a vis Sandy"...quite possibly first hand. This disaster will cause inflation and as a consequence a recession in the region of Downstate New York and the State of New Jersey and possibly Connecticut as well. so far the media coverage has been basically non-existent. "like it never happened" as they say. i've laughed at the paltry numbers for rebuilding not because they aren't right but because "they ask for little or nothing." if you want to know why Louisiana is one of the riches states in the world now whereas the Northeast continues to slide deeper and deeper into the abyss...look no further.

Sun, 11/25/2012 - 13:37 | Link to Comment SilverDOG
SilverDOG's picture

SILVER BITCHEZ !

Sun, 11/25/2012 - 14:50 | Link to Comment yogibear
yogibear's picture

Another reason Bernanke and Fed will give to go into a full printing pumpathon.

Debt saturation is ignored. More debt dope for the dopes maxed out on credit.

Sun, 11/25/2012 - 13:51 | Link to Comment stocktivity
stocktivity's picture

It's all bullshit!

Sun, 11/25/2012 - 12:37 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

A bit of real world anecdotal information:

A group of locals, including myself, attend The Turkey Rod Run each year. We normally go on Thanksgiving Day but this year went on Friday, a day later.

The Turkey Rod Run is a hot rod and custom auto show held in the infield of Daytona International Speedway each year. Approx 5,000 autos, trucks, motorcycles, show up to display, sell, barter, etc. Many vendors also attend.

The number of people that paid $15 to get into the infield was huge compared to other years. The number of sales was very low. We talked to many vendors and sellers and very little money was changing hands. It appeared to me that the greatest benefactor was the vendor renting 3 wheeled scooters at $70 per day. Soooo many fat people were riding around on the scooters that they were an actual danger to pedestrians. Next year I will resume attending on Thanks Giving Day when attendence is lower cause the fatties are stuffing their faces and not at the Rod Run.

I always check the prices of vehicles that interest me. The prices this year seemed about the same as last but I did see more 'OBO' signs. I know for a fact that restored vehicles prices are down about 50-70% from 2005. The exceptions are very rare vehicles and restorations by well known restorers that always brought premium prices.

This is not a scientific survey, just casual observations.

Sun, 11/25/2012 - 16:20 | Link to Comment Stud Duck
Stud Duck's picture

Your just noticing the rapid decline in values of collector cars and your from Indy??

Sold a Daytona Road Runner last year in Scotsdale, it only brought $270K and was expecting $340K. I did unload a 68 GTX for $53K last month, but actually had $38K in it, so made a little after the costly restoration. I and going to hold onto the convertable GTX that I just aquired, but not doing any repair at all as I am shifting all capital resources into more land. The values have damn near double in the last 3 years here and look like they are still headed for another doubling in the next four years with Barry's reelection.

Banks have been getting really jumpy lately on land purchases, but when I show them the cash flow of the new oil wells in the Panhandle of Oklahoma, revenue off the land and cattle, they have no choice.

I do advise them that in the 80's with high interest I watched my land devalue 60%, my cattle devalued 50% and the oil market collasped. The truck line lost less money with the trucks setting, than they did hauling. I try to let these young men in banking now that I am experienced in a devaluating economy and suspect that is what is they are afraid of. I tell them that a man named Volker did that to me and I do not see that comming soon, but when the interest rate start moving upward, you better have yourself in a non debt situation, or your going to loose it all, just as I did when I was in my mid thirties.

Back to the collector car market, I do not see anything that will turn it back around just continued downward prices. If your really interested in collector cars and how they are doing, just check out what 912 Porsches have done in the last 3 years!

Sun, 11/25/2012 - 18:40 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

I was not soliciting advice but offering anectodal information. I am well aware of what happens in the collectible auto market. I am not from Indy and don't know how you got that idea.

Good luck with your land purchases.

Mon, 11/26/2012 - 08:25 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Why buy a vintage Camaro, Charger, Challenger, Firebird or Mustang when you can buy a brand new retro version.  I know it's not the same, but these new cars are (at some level) a substitute good.

Sun, 11/25/2012 - 11:12 | Link to Comment Disenchanted
Disenchanted's picture

 

 

My bowl of gruel is just right...

Sun, 11/25/2012 - 11:54 | Link to Comment Top_Kill
Top_Kill's picture

The gun counter at Dick's was the only line I saw on Friday morning. I am anxiously waiting for the "NICS" hit and gun sales update. That is one area of sales we are guaranteed to see an increase. The ammo was almost completely gone. All that was left was unpopular caliber ammo. "Welocome to the recovery"!

Sun, 11/25/2012 - 14:01 | Link to Comment Bad Attitude
Bad Attitude's picture

I was at the local Cabela's a week ago. Half the people in the store were in the gun department. Cabela's had some good Black Friday ammo prices, but not good enough to brave the long lines and traffic.

Dollar cost averaging works with buying ammo, too.

Sun, 11/25/2012 - 11:14 | Link to Comment 10mm
10mm's picture

Or shoppers via the net prefere to stay away from savage beasts standing in lines outside stores ready to pounce on each other.

Sun, 11/25/2012 - 12:51 | Link to Comment BeaverFever
BeaverFever's picture

Blame Canada.
We always get the damn blame...

Sun, 11/25/2012 - 13:05 | Link to Comment gmrpeabody
gmrpeabody's picture

Frankly, I am shocked people here haven't linked it to Israel yet.

Sun, 11/25/2012 - 13:52 | Link to Comment Bad Attitude
Bad Attitude's picture

There is definitely the personal safety aspect of avoiding the Black Friday sales events. I prefer to avoid high risk environments.

But hey, some people are willing to die for cheap Chinese junk. More power to them if that is what gives their life meaning.

 

Sun, 11/25/2012 - 15:18 | Link to Comment Disenchanted
Disenchanted's picture

 

 

Oh yeah, Friday 11/23/12 AP Headline:

 

Dow Jones Climbs Above 13,000 On 'Black Friday'

 

edit(forgot this part):

And early reports from retailers suggested strong consumer spending.

 

right...

 

Sun, 11/25/2012 - 11:19 | Link to Comment SpanishGoop
SpanishGoop's picture

Updated my dictionary, BFF is "Best Friends Forever" or "Big Fat Friend/Female" or "Black Friday Flop"

 

Sun, 11/25/2012 - 11:19 | Link to Comment oddjob
oddjob's picture

Grinch come early this year.

Sun, 11/25/2012 - 11:23 | Link to Comment ghengis86
ghengis86's picture

How long can one pull future demand forward? The future goes on to infinity, right? Right?

Can someone get Krugmam to write an op-ed about this so I can understand more gooder?

Sun, 11/25/2012 - 11:25 | Link to Comment CunnyFunt
CunnyFunt's picture

I wonder if the shoplifting rate increased.

Sun, 11/25/2012 - 12:11 | Link to Comment Water Is Wet
Water Is Wet's picture

Apparently the new hottest thing to do is follow the delivery trucks, wait 'til they drop off and leave, then go take the package off the doorstep.

Sun, 11/25/2012 - 12:51 | Link to Comment Mike in GA
Mike in GA's picture

Wow, just wow!

It's a free Christmas, Charlie Brown!

Sun, 11/25/2012 - 11:32 | Link to Comment lizzy36
lizzy36's picture

Funny Christmas Season Ecard: Take comfort in knowing the booze I drank using the money set aside for your gift helped me get over the guilt of not getting you a gift.

Sun, 11/25/2012 - 17:07 | Link to Comment negative rates
negative rates's picture

Good, you can walk to work, or get yourself some wheels and blow it out your ass.

Sun, 11/25/2012 - 11:32 | Link to Comment williambanzai7
williambanzai7's picture

WALMART HOLIDAY PRICE RIOT

Sun, 11/25/2012 - 11:35 | Link to Comment PUD
PUD's picture

You never fail to give me the best laugh of the day!

Sun, 11/25/2012 - 12:27 | Link to Comment TahoeBilly2012
TahoeBilly2012's picture

Don't worry that Japan Inc. is BK. Get um while you can!

Sun, 11/25/2012 - 12:33 | Link to Comment takeaction
takeaction's picture

Wow...took me a moment to see the detail inside the rotisserie cooker.  Awesome.

Sun, 11/25/2012 - 12:36 | Link to Comment williambanzai7
williambanzai7's picture

ONLY FROM OBAMCO

Sun, 11/25/2012 - 12:49 | Link to Comment oddjob
oddjob's picture

Set it, and forget it!

Sun, 11/25/2012 - 12:54 | Link to Comment Mike in GA
Mike in GA's picture

Unfortunately it's OUR goose that's cooked, NOT Obummer's. :(

Sun, 11/25/2012 - 14:06 | Link to Comment blunderdog
blunderdog's picture

Good God, man, you can't eat THOSE!  They'll kill you!

Sun, 11/25/2012 - 17:01 | Link to Comment ebworthen
ebworthen's picture

"Two chickens in every rotisserie."

Obama and both parties will double down on FDR, and confiscate Silver along with Gold (and your 401K and IRA).

Don't worry, you'll have chicken grown somewhere and fed something, and a $500 co-pay and 40% deductible for "healthcare".

Sun, 11/25/2012 - 13:45 | Link to Comment MilleniumJane
MilleniumJane's picture

Free Pepper Spray With All Sales

Nice touch!

Sun, 11/25/2012 - 11:33 | Link to Comment PUD
PUD's picture

A lot of "energy" out there? Perhaps he was referring to fat? Fat is nothing but stored energy. Maybe shoptrak should count poundage instead of feet to give a more accurate "energy" rating?

Sun, 11/25/2012 - 15:08 | Link to Comment mumcard
mumcard's picture

Tonnage sir, like how the WWII submarine service kept track of their kills.

Sun, 11/25/2012 - 11:39 | Link to Comment Atomizer
Atomizer's picture

Black Friday Store Stampede![Compilation] 

China: The Roots of Madness (1967) Documentary Film

 

180° blowback arrives in the form of a party favor. This gift lands in the laps of central planning aids who claim no fiduciary responsibility.

‘We just miscalculated our forecasted accounting model, you cannot possibly hold us responsible.’

Sure we can fuckwit, we’ll expose the monies you were paid to create this crisis.

 

Picking Losers, Why Cronyism Isn't Capitalism

Sun, 11/25/2012 - 11:40 | Link to Comment woggie
woggie's picture

the beast is on the gobble
and all that matters is we're all headed for it's belly
http://youtu.be/ntmthFyaYzY

Sun, 11/25/2012 - 13:36 | Link to Comment supafuckinmingster
supafuckinmingster's picture

Woggie: Stop posting that video you annoying dickhead.

Sun, 11/25/2012 - 11:42 | Link to Comment Miss Expectations
Miss Expectations's picture

The Grinch and Van Rompuy another example of Separated at Birth.

Sun, 11/25/2012 - 12:10 | Link to Comment Hulk
Hulk's picture

LOL, they do favor !!!

Sun, 11/25/2012 - 12:10 | Link to Comment azzhatter
azzhatter's picture

i always thought von rumpboy was an abortion that went south

Sun, 11/25/2012 - 14:53 | Link to Comment yogibear
yogibear's picture

LOL, Van Rompuy does look like the Grinch!

Sun, 11/25/2012 - 11:53 | Link to Comment Squid Vicious
Squid Vicious's picture

Maybe today will be Black Sunday, like the movie...?

Sun, 11/25/2012 - 11:55 | Link to Comment gould's fisker
gould's fisker's picture

Sales rose one percent adding in Thursday, well a little less than one percent, so what the hell is wrong with that! We were told before the election that we were getting an expansionary cycle, and technically that's what we're still getting. Who can complain about that--we'll spin it just fine.  The only aspect just a little worrying is that most of the "shoppers" crashing the doors look like they'd take out a family member to get what they want, except if the rent money is already spent, etc. Forward!

http://news.yahoo.com/shoppers-buy-earlier-holiday-season-001914738--finance.html

Sun, 11/25/2012 - 12:01 | Link to Comment Rainman
Sun, 11/25/2012 - 12:04 | Link to Comment SilverIsKing
SilverIsKing's picture

Black Friday sounds racist to me. We need something a little more politically correct.

How about 'low life Friday' or 'stupid Friday?'

Sun, 11/25/2012 - 12:29 | Link to Comment Sisyphus
Sisyphus's picture

How about:

Absorbs all the colors of the visible spectrum and reflects no/some light to the eyes Friday.

Sun, 11/25/2012 - 13:07 | Link to Comment slackrabbit
slackrabbit's picture

great, so now your insulting blind people... ;-)

Sun, 11/25/2012 - 14:35 | Link to Comment ebworthen
ebworthen's picture

"Freaky Friday"

Humans switch minds with a chimp or gorilla somewhere in the world.

Sun, 11/25/2012 - 12:06 | Link to Comment azzhatter
azzhatter's picture

i shopped online friday. bought 20 oz of silver

Sun, 11/25/2012 - 12:16 | Link to Comment Translator
Translator's picture

It's Bush's fault

Sun, 11/25/2012 - 13:13 | Link to Comment takinthehighway
takinthehighway's picture

It's Sandy Bush's fault.

Sun, 11/25/2012 - 20:56 | Link to Comment Oldballplayer
Oldballplayer's picture

She is such a douche.

Sun, 11/25/2012 - 12:17 | Link to Comment laomei
laomei's picture

People buying stupid shit they neither need, nor actually even want.  If marketing got you to buy a thing, odds are it will leave you feeling hollow inside moments after getting it... why? Because someone smarter than you got your little monkey brain to see a shiny thing and pull the purchase trigger.

 

Don't buy on credit, only buy what you can afford, and don't surround yourself with cheap tacky fall-apart crap.  Tons of really nice stuff is made in China too, the problem is that you are only focused on "saving money" and as such, in the end you piss away your money on a product that was designed to break and be replaced 6 months later.  Buy nice things that are easy to fix and cheap to maintain.  Buy things that make future cheap purchases look out of place and tacky.  

 

And dear god, you idiotic consumer monkeys, do your damned research.  Just the act of researching a product 99 times out of 100 will lead to you either not even wanting it, or getting something of far better value.  Fall prey to the upsell, but only when it's you actually pulling the trigger.  If you decide you can "afford" a thing that's $100 and later discover that it's a cheap piece of crap while nice well-spec'd, meets-your-needs, good things cost $400... you're basically just burning the $100.  Save till you can afford the $400.  No instant gratification, no credit, just fucking save.  While you are in the process of saving, you might find you don't even want it anymore and it was just a passing thought that got stuck in your head from some shithead marketer.

 

Ask yourselves these fundamental questions:

1) Do I actually need this thing in my life?  

2) Will I need this thing in my life 3-5 years from now? 

3) Why do I want this thing? 

4) Will it make me more productive? 

5) Will it add benefit to my life?

6) Do I only want it because I saw someone else with it? 

It really has to do with the old maxim "know thyself".  Most people don't even know who the fuck they are anymore.  They are just an assortment of "stuff", other people's opinions, corporate-inspired values and sound bytes.  It's a culture of showing shit off to disparage others and buying stuff to fill a gaping unfillable hole in a life not worth living.  Are you buying that apple iThing because it actually improves your life? Is v5 better than v4s to such a large degree that you must spend money to replace a functioning iThing?  Is it better than other, cheaper alternatives? Or... are you just buying shit to show off?  

 

I have a leg in marketing, I know how it works and I just firewall myself and my family to it.  I never get burned on purchases anymore.... because I do my research.  I'm never left with shit I don't want or need that just sits there.  Our monthly savings rate is over 100%, we live on interest and stash everything else away.  And we actually live pretty damned well.  No car payments, no mortgage, and the only rent we deal with is the rent we collect from our old apartment.  

Sun, 11/25/2012 - 12:57 | Link to Comment shovelhead
shovelhead's picture

My waffle iron doesn't leave me feeling hollow.

In fact, it makes me feel quite the opposite. The sheer joy I feel when I see a golden brown disc of buttermilk gracing my fine bone china is literally transcendental.

The neighbors are green with envy.

They hate me for my waffle iron.

Mission accomplished.

Sun, 11/25/2012 - 13:07 | Link to Comment infinity8
infinity8's picture

LOL. . . too funny. Seriously, I make most Christmas gifts but the one that I'm for certain buying this year is a really good waffle iron for a friend that has bitched for a long time about the succession of crappy waffle irons he keeps buying that keep breaking. He will thank me most the next week, after he uses it. New Year's Waffles!

Sun, 11/25/2012 - 14:37 | Link to Comment ebworthen
ebworthen's picture

My waffle iron is a barbarous relic as it was made in the U.S.A.

Sun, 11/25/2012 - 15:18 | Link to Comment Whoa Dammit
Whoa Dammit's picture

liomei's questions also work well when assessing relationships with the opposite sex. ;-)

Sun, 11/25/2012 - 16:48 | Link to Comment Real Estate Geek
Real Estate Geek's picture

<Gasp!>

HERETIC !!!

burn him . . . burn him . . .

Mon, 11/26/2012 - 12:37 | Link to Comment laomei
laomei's picture

You become really fucking jaded to the world when your professional life is all about marketing and helping megacorps figure out how to scam consumers into paying more for less.  Meh.

Sun, 11/25/2012 - 12:32 | Link to Comment max2205
max2205's picture

But is the music still playing?

Sun, 11/25/2012 - 12:33 | Link to Comment ar01
ar01's picture

Tyler, do you have the raw data somewhere? I think the net sales shouldn't be as important, but rather the sales/person. Since wealth/income inequity in this country is increasing, a better metric for the "health" of the American consumer should be how much was spent per person.

Sun, 11/25/2012 - 12:38 | Link to Comment Conman
Conman's picture

No i think the analysis given is correct. Net sales yoy in context of a rising population yoy and rising inflation yoy is very appropriate metric. What it means is that sales/pp being contant sals should have risen solely based on # of people and inflation.

Sun, 11/25/2012 - 12:38 | Link to Comment ar01
ar01's picture

Right -- I guess I think there's more 'wisdom' to pull out, if it also turns out that individuals are spending less. I'd love to see a trendline of that. 

Sun, 11/25/2012 - 12:40 | Link to Comment Conman
Conman's picture

Whip out your excel. You have census figures and sales figures somewhere.

Sun, 11/25/2012 - 12:38 | Link to Comment Boondocker
Boondocker's picture

even my "spend money we dont have" sisters-in-laws arent doing Christmad this year.....

Sun, 11/25/2012 - 15:05 | Link to Comment Things that go bump
Things that go bump's picture

Christmas is bound to go back to being something much more modest then the retail monster it has morphed into, no matter how badly retail wants to keep the party going.  If you're worried about keeping a roof over the family's head or the lights turned on, or the car running, or wondering if you can stretch the groceries until payday, well these are much more pressing concerns than the latest igadget.  Christmas will probably become something more homemade and centered more around visiting and family gatherings as people have less money to spend.  I personally will never forget the Christmas my great aunt made us all bleach bottle piggy banks.  This is absolutely true.  I swear it on the heads of my grandchildren.  We were disappointed at the time, but we still laugh about it 50 years later. I will never forget the pink felt dot glued to the cap, or the pink felt ears or the curly pipe cleaner tail. They were sort of minimalist.  I so wish I had a picture. However, my godmother, who was crafty, sewed me a whole Barbie wardrobe the year I got my Barbie (the very first year they came out).  She was the best dressed Barbie in the neighborhood.  

 

Sun, 11/25/2012 - 12:44 | Link to Comment Next to Arch Stanton
Next to Arch Stanton's picture

As a kid growing up in the 70s, Thanksgiving was a "stand-alone" holiday and was really enjoyable, instead of the obstacle to the grotesque Xmas season it is now.  My recollection was Xmas was celebrated for about 3 weeks and was not focused on "stuff" or even the act of shopping (I could be wrong there - I was a kid busy playing in the snow, etc).  

Scrooge is starting to look like a sensible guy.

 

Sun, 11/25/2012 - 15:00 | Link to Comment hairball48
hairball48's picture

I grew up in the 50's and 60's. You are NOT wrong. The marketing weenies have destroyed the meaning of all holidays....but that's what the sheeples wanted.

Sun, 11/25/2012 - 15:16 | Link to Comment Things that go bump
Things that go bump's picture

They want what they are told they want and they will try to get it until they simply cannot get anymore credit.  My mother had a Christmas Club account that she put a few bucks away in every payday. No matter what emergency cropped up, if the water heater broke, or the car needed a new battery, or someone broke their glasses, that money wasn't touched.  I notice that some of the stores have been offering lay away again, which was a common practice years ago.  

Sun, 11/25/2012 - 16:57 | Link to Comment Real Estate Geek
Real Estate Geek's picture

I remember advent calendars. 

Without a peel-off coupon behind every window.

Sun, 11/25/2012 - 12:45 | Link to Comment Blizzard_Esq
Blizzard_Esq's picture

Not very scientific but I noticed...

1. Newegg's black friday was a bomb. Nearly everything sold out last year, but this year most of the sales items this year were junk Rosewill branded.  Very few items sold out. 

2. Macy's I noticed raised prices on black friday, their Nov 10 one day sale was better. 

3. The long line was artificially created at Fry's Electronics as they had 1/2 as many cash registers open as last year. 

4. There were more online deals with Sears, Walmart, Fry's, Best Buy etc. people seemingly stayed home. 

Conclusion

"Deals" were not that great, people went online which lowered in store impulse buys. 

Sun, 11/25/2012 - 12:50 | Link to Comment Conman
Conman's picture

My observation was that people msut have 12 tvs in thier houses by now. Thats the only thing on sale.  I welcome AAPL to roll out the iTV. I'll be balls the the wall short that day.

Sun, 11/25/2012 - 12:57 | Link to Comment Blizzard_Esq
Blizzard_Esq's picture

I tried to giveaway an old box of a TV to the hispanic gardner. He politely said he had flat panels in every room of his home. I was flaggergasted....

Sun, 11/25/2012 - 13:05 | Link to Comment centerline
centerline's picture

lol.  Same here actually.  Couldn't give the damn TV away.  No one wanted it.  Everyone has more than they need.

Sun, 11/25/2012 - 14:23 | Link to Comment Northern Lights
Northern Lights's picture

Back in 1990, a cousin of mine was working in an electronics store called HQE which was going out of business/bankrupt.  My dad picked up a 30 inch Sony Trinitron tv set for $200 on the cheap.  It was a floor display model no less.  Back then they were going for $800 a pop.  I was 15 years old.

It's 2013 and I still watch this same tv!  When I moved out for university I took the tv with me.  In 2004 I had the voltage regulator replaced.  No problems since.  This set will easily last another 10 years at this rate.  Picture is crisp, sound is great.

I get laughed at by all the guys at work.  Most have already owned 10 different flat screens in the past 8 years.  Indirect benefit of owning such an old tv is I'm not wasting my money on Xbox's and Playstations because none of them are compatible with my tv.

 

Sun, 11/25/2012 - 15:08 | Link to Comment DavidC
DavidC's picture

Northern Lights,
I'm with you 100%. Mum and Dad gave me their old Hitachi CRT in the 1990s, a lovely picture with great colours, I'm still using it - they gave me a Hitachi flat screen when they upgraded their next TV, it resides upstairs until the CRT goes!

A couple of years ago a friend of mine was throwing out three 24 inch Samsung monitors as they had stopped working or were working intermittently (I'd already offered to have a go at repairing them for him). He gave them to me as he'd bought new ones and was literally ready to throw them out. £20 in new (HIGHER QUALITY!) capacitors later, I had three perfectly working monitors with great pictures (which will now probably outlast me!).

My computer speakers gave out several weeks ago (active 35W sub woofer and 2 12.5W satellites). After much hunting around I was quoted nearly £100 to investigate and MAYBE repair them. Nearly £200 to get a near equivalent set new. Looking at the pre/power amp board, all that had happened was that several components had burnt out and the board had failed. I've sourced a good-ish board from China on eBay for less than £10.

A friend of mine gave me his Rega record deck this weekend as there was something wrong with it. An hour or so last night and it was sorted for him and nice bottle of Merlot today by way of thanks.

Most (all?) thinking people are getting fed up with built in obsolescence or the notion that something should be replaced because it's a couple of years old, when it's perfectly good or possibly just needs a repair. Your friends will get there at some point.

DavidC

Sun, 11/25/2012 - 16:11 | Link to Comment Blizzard_Esq
Blizzard_Esq's picture

http://www.youtube.com/watch?v=N4-cvuhbH8g

Wow at those prices.... damn...

Sun, 11/25/2012 - 16:52 | Link to Comment Snoopy the Economist
Snoopy the Economist's picture

My tv is a 27" tube tv that I bought used for $70 on craigslist - I have enough cash to buy any wall of tvs at best buy. The price of flat screens is now low enough for me to consider...but I am too cheap to spend on such crap. I let my wife make impulsive buys but she keeps the purhasing lower than most females.

Sun, 11/25/2012 - 12:58 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

alludes to my argument for the past "x" years = after everybody has 12 tv'S, 4 cars, 30 phones and etc etc etc THEN WTF you gonna do/sell? Point being, we gotta be approaching saturation..... BUT I was wrong about "market" collapse too. Ergo, WTF do I know....? 

Sun, 11/25/2012 - 13:09 | Link to Comment centerline
centerline's picture

Nah.  You are right.  We already hit debt saturation.  Just takes time for everything else to catch up.  And it could be a long, drawn-out, painful, disgusting voyage into whatever world awaits us on the other side of our industrial age cheap energy population explosion resource binge.

Sun, 11/25/2012 - 12:56 | Link to Comment centerline
centerline's picture

I don't see anything anywhere that convinces me of anything but a credit-fueled consumer economy that is burning itself out and threatening to take everything with it.

Sun, 11/25/2012 - 14:39 | Link to Comment ebworthen
ebworthen's picture

I noticed that about NewEgg this year, no real deals, or sales prices on tower P.C.'s hardly anyone is buying.

Sun, 11/25/2012 - 12:51 | Link to Comment Seasmoke
Seasmoke's picture

this is what happens when you pull sales forward........... even if its only 60 seconds, LOL

Sun, 11/25/2012 - 12:53 | Link to Comment Atomizer
Atomizer's picture

 

 

What happens when other retail sluts have to take a 33% margin cut in order to compete with Amazon.  

Answer: They’ll begin heavily lobbing internet sales taxes.

 

While malls go upside down over labor, monthly rental fees, and low traffic. Once again, the consumer will find new opportunities to save money. The entire dumb fuck retail industry gave away their business plan. You better scurry off to JCP and save a half pence by scanning your own merchandise.

/sarc

Sun, 11/25/2012 - 15:27 | Link to Comment Things that go bump
Things that go bump's picture

When they do that, we will be buying our things from Craigs list for cash and they too can sit on their flat screen TVs. But when the malls close down what are we going to do with all those teenagers?  They will be hanging around our houses with their friends. playing loud music and making fun of us.  They will be trying their hands at a little petty larceny and breaking and entering.  They will be stealing our booze and trying to hide it by watering it down.  Oh, they do that now.  

Sun, 11/25/2012 - 12:55 | Link to Comment Peter Pan
Peter Pan's picture

All they need to do is include government sales in retail sales and presto we have happy sttistics.

In any case GDP now stands for Gross Deception Perception given the amount of crap that fills our shopping trolleys.

Sun, 11/25/2012 - 12:56 | Link to Comment Blizzard_Esq
Blizzard_Esq's picture

The customers: (poor economy, lots of consumer debt, families fighting off floreclosure still)

1. People still have a lot of credit card debt. I know several people who are waiting for their home to be refinanced just to lower their debt. Some of them got the debt because one of them got laid off, but luckily found a new job before running out of resources. 

2. I know several homes with families have been foreclosed in my neighborhood this last year. Either the man or woman lost their job in the last few years and didn't find a new job yet. They ran thru savings, maxed out the credit cards to keep going before eventually losing the home. They were not shopping this weekend. 

Conclusion

I thought people went online to avoid lines (which lowered in store impulse buys). However reading now that it was lower I now realize more and more people just didn't go shopping. 

Sun, 11/25/2012 - 13:04 | Link to Comment centerline
centerline's picture

I think you are right in both aspects.  More people are shopping online (why not?) and buying less items overall.  Anecdotally, ever since 2008, my xmas budget has gotten smaller and smaller.  Mostly from family that mutually agrees to get each other nothing because everyone is tight on money.  At the same time, what I do get is now 90% online at least.

I also think that to an appreciable degree the lowered prices on some items like TV's can jolt added sales activity.  But I don't see how it would be considered overall positive since the margins are likely close to nothing and people are not falling so quick for the bait and switch or impulse items.

 

Sun, 11/25/2012 - 13:59 | Link to Comment MilleniumJane
MilleniumJane's picture

Yup, same as our family.  A couple of years ago, we started our "White Elephant" Christmas with my stepson and his wife because they were newlyweds just starting out.  We each spent $20 and the gift had to be unisex.  It actually made Christmas more fun and we got things we actually needed rather than just wanted, like mixing bowls and car care products.

This year my husband decided to expand the White Elephant to include my brothers-in-law, mother-in-law and other immediate family members.  All jumped on the bandwagon without hesitation.  I am hoping after a couple of years of this we can eventually do an all "Handmade Gifts" Christmas.  Baby steps, you know.  ;)

Sun, 11/25/2012 - 14:47 | Link to Comment DavidC
DavidC's picture

centerline,
Good for GDP though, with hedonic adjustment for TVs...[/SARC]

DavidC

Sun, 11/25/2012 - 12:57 | Link to Comment A Middle Child ...
A Middle Child of History's picture

Why do those who are broke persist in buying gifts for every relative they really do not give a crap about? Is it pride? Keeping up appearances? Wife and I agreed long ago to not buy gifts for those outside immediate family, and now not even for each other. Only occasions we celebrate are our birthdays and anniversary. Everything else is so heavily commercialized one would have to be a moron to get caught up in it. Just do not see the point.

"You have a class of young strong men and women, and they want to give their lives to something. Advertising has these people chasing cars and clothes they don't need. Generations have been working in jobs they hate, just so they can buy what they don't really need". ~Chuck Palahniuk, Fight Club

Sun, 11/25/2012 - 13:12 | Link to Comment Atomizer
Atomizer's picture

In the future, your paycheck will be swiped X amount money onto a card. It will be mandated that you spend this money on predetermined retail items. Failure to fulfill completing purchase minimums will result in legal prosecution.

 

Laugh now, cry later!

Sun, 11/25/2012 - 13:13 | Link to Comment virgilcaine
virgilcaine's picture

I heard on the Radio Black Friday is more of a "social event" now to go out and browse and be with "the crowd". This appears to be the case. Their body is willing but the pursestrings are weak.

Sun, 11/25/2012 - 14:01 | Link to Comment blunderdog
blunderdog's picture

I think there's a real demand for the excitement of plowing through a store like a bull in a china-shop, too.  Folks don't get enough exercise, for the most part, but there's still vestigal desire for physical exertion.

If it's too hard to afford joining the gym or playing sports in the league or even going dancing on Friday night, the once a year "rush" has gotta be worth something.

In Matrix-future, they had regular raves in Zion.  Heh.

Sun, 11/25/2012 - 21:10 | Link to Comment Oldballplayer
Oldballplayer's picture

Why aren't the "terrorists" blowing these people to pieces. THAT alone makes me doubt the whole WOT. I mean if I was looking to wreck the economy, I would bomb malls, Texas high school football and a couple of fed ex places.

Mon, 11/26/2012 - 10:14 | Link to Comment blunderdog
blunderdog's picture

"Don't interrupt your enemy when he's making a mistake" maybe?

Sun, 11/25/2012 - 13:15 | Link to Comment boogerbently
boogerbently's picture

"Retailers Blame Drop In Black Friday Sales On Black Thursday"

 

So, between Thursday AND Friday how'd they do?

Sun, 11/25/2012 - 17:04 | Link to Comment Real Estate Geek
Real Estate Geek's picture

Sorry, but that's the M3 of retail sales stats. 

Move along please,

Sun, 11/25/2012 - 13:16 | Link to Comment Boondocker
Boondocker's picture

we only give usuable practical items......and then only high quality.  hunting and fishing equipment, tools, etc.

the reloading equipment from last year has cranked out thousands of rounds and my kids are happy to shoot it up.

Sun, 11/25/2012 - 14:04 | Link to Comment blunderdog
blunderdog's picture

I'm just so relieved that the drop in sales can't be attributed to an increasingly impoverished public. 

For awhile there, I was thinking the economy was like bad or something.

I've had to switch from Amontillado to Harvey's, myself, so I can imagine the hardships some folks have been through...

Sun, 11/25/2012 - 14:09 | Link to Comment denny69
denny69's picture

It's a revealing look at the true state of affairs for retail America when businesses are dependent upon holiday sales to stay afloat.

Sun, 11/25/2012 - 14:35 | Link to Comment q99x2
q99x2's picture

Turkey dinner made people sick on Friday this year. Monsanto is putting poison in the food to poisen us. I was sick until today.

Sun, 11/25/2012 - 14:42 | Link to Comment ebworthen
ebworthen's picture

Retailers did not discount this year.

A bunch of loss leaders to get people into the store, normal or inflated prices on the rest of the crap.

People fought over the cheap phones or thongs, then left.

Sun, 11/25/2012 - 14:43 | Link to Comment DavidC
DavidC's picture

"Let's see here: "hope", "confidence", "consideration" and now "energy"".

Yes! YES! There's always Black Monday tomorrow when everyone goes apeshit on the Internet buying all those goods they didn't or couldn't buy on Friday! Yes, Black Monday will save us!

DavidC

Sun, 11/25/2012 - 15:40 | Link to Comment Incubus
Incubus's picture

ah, the pointlessness of money worship. 

sales matter above all else.  Ergo, money is paramount.

 

A nation of money grabbers and nary a single worthy thought amongst them.  Their lives designed around consumption with no goal other than to consume; a miserable bunch of wretches that aspire only for larger digits on a paycheck.  And this is the great "freedom" you people speak of? 

 

This is nihilism applied, and you lot are too stupid to see it. 

Sun, 11/25/2012 - 15:55 | Link to Comment hairball48
hairball48's picture

All that shit you bought on credit? Your children and grandchildren's future lies here behind me. Wait till they figure it out. YeeeeHawwww!!

http://farm9.staticflickr.com/8209/8218325394_3ffae586c8_b.jpg

Sun, 11/25/2012 - 15:49 | Link to Comment Lumberjack
Lumberjack's picture

Now for the real reason...

 

Call volume shuts down FBI’s firearm background checks, stops Maine sales on Black Friday

http://bangordailynews.com/2012/11/23/business/high-volume-of-calls-shuts-down-fbis-background-check-system-for-firearms-sales-costs-bangor-area-gun-dealers-business/

Sun, 11/25/2012 - 16:52 | Link to Comment Bobbyrib
Bobbyrib's picture

No problem, just make sure the Black Friday sales are set up for the BRIC's. What's that? They save their money and don't celebrate holidays based upon mindless consumerism?

We'll get back to you..

Sun, 11/25/2012 - 17:18 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

Don't worry. We'll make up for it on Cyber Monday.

Sun, 11/25/2012 - 18:00 | Link to Comment kekekekekekeke
kekekekekekeke's picture

I bought some screws from Lowe's for $1.39 on Friday I did my part

Sun, 11/25/2012 - 18:40 | Link to Comment ZFiNX
ZFiNX's picture

I would buy that argument. I can't believe people spent less money this year than last year over this entire hemmoraghic exertion of consumerism. Too many of my average IQ friends seem more optimistic and less thrifty.

Sun, 11/25/2012 - 19:24 | Link to Comment pursueliberty
pursueliberty's picture

While somewhat ancedotal,

my wife has wanted these small outdoor christmas trees in urns.  We've gone later in the day to home depot for the previous two years only to find they were sold out.  She had almost forgotten about them, but I needed a outdoor floodlight, so we went at 3:30.  They had 20 left, and they were the same price as the previous two years.

 

We did stop by a mall after 12:00.  While crowded, my wife pointed out the lack of bags and the heft of said bags.  Didn't see anyone setting the world on fire.  I didn't purchase any gifts, only clothing for myself, which I might add, I could sell on ebay for a profit if I so decided.

Sun, 11/25/2012 - 20:02 | Link to Comment Bobbyrib
Bobbyrib's picture

"I didn't purchase any gifts, only clothing for myself, which I might add, I could sell on ebay for a profit if I so decided."

Whenever I check ebay, clothing is dirt cheap. That must have been some sale.

Sun, 11/25/2012 - 20:40 | Link to Comment pursueliberty
pursueliberty's picture

Yes,

but it also is real, which this particular clothing is known for large amounts being knock off on ebay, and with department store tags/pop tags in place.

Last thanksgiving I sold two sweaters for almost 100% profit and kept one for myself.  They won't be less than $90 until new years day sale. 

My savings on my purchases for the day over retail came out to 81% taking advantage of 10% off one day card holder pass, $10 coupon for every $50 spent on store card, on top of the mark downs of up to 70% on some items.  That is my favorite part of shopping.

Sun, 11/25/2012 - 21:12 | Link to Comment Bobbyrib
Bobbyrib's picture

That's awesome. Good for you.

Sun, 11/25/2012 - 19:42 | Link to Comment dolph9
dolph9's picture

No, it's actually the fault of all of you guys, everybody here.

Because you fail to do your patriotic duty to support the American consumption economy.  And because you fail to do this duty, and instead save, you are contributing to the "paradox of thrift."

And because of that, you are contributing to a deflationary depression that will result in WW3 and the second coming of Hitler.

 

So....all of you must get out there and spend, spend spend!  Otherwise Hitler's going to come back and get us all.

Sun, 11/25/2012 - 20:11 | Link to Comment monogratis
monogratis's picture

YOU DIDN'T SHOP THAT.

Sun, 11/25/2012 - 20:49 | Link to Comment CoolBeans
CoolBeans's picture

Sorry - this is partly my fault. 

Over the past 1.75 decades, I have spent serious cash on Christmas for the kids.  I was usually done w/shopping by the first week of December.   

This year?  It isn't happening.

The kids know that income is way down, prices are way up and things are looking very positive for 2013.  They're such good kids - they only put two things on each of their lists  (sweet guys...but its not that bad...yet).  But, this year I'm being very, very careful that each gift selected is meaningful and useful.  OK, a few Xbox games for all to share, too - I know, I know. 

We just don't have the means to fund crazy fun shopping anymore.  Those days are gone.  In fact, this year, Mom and Dad are only giving each other ammo and related accessories.  

 

Sun, 11/25/2012 - 21:07 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

You could hear a pin drop at my local Wal Mart at 8am Friday morning. Why buy stuff at retail when just about everything can be bought new or slightly used on Craigslist or Amazon?

Sun, 11/25/2012 - 22:18 | Link to Comment LauraB
LauraB's picture

Wait - I thought it was Cyber Monday's fault.

Mon, 11/26/2012 - 00:14 | Link to Comment tony bonn
tony bonn's picture

"Let's see here: "hope", "confidence", "consideration" and now "energy." By the time the depression is over, everyone will be flat out broke, but at least everyone will know every possible synonym of "bullshit" imaginable. "

best zh line in a long time

Mon, 11/26/2012 - 01:30 | Link to Comment uncle reggie
uncle reggie's picture

Damn, I'm confused. I keep seeing media reports like ABC's evening news saying that all time sales records were broken. A real blockbuster! They wouldn't be blowing smoke up our ass would they?

Mon, 11/26/2012 - 03:18 | Link to Comment AynRandFan
AynRandFan's picture

Marketwatch too. Record crowd, but no mention of sales.

Mon, 11/26/2012 - 11:08 | Link to Comment Phillycheesesteak
Phillycheesesteak's picture

Well now we see that over the whole 4 day weekend, sales are up a whopping 12.8%. No "explanation" from ZH?

Mon, 11/26/2012 - 21:19 | Link to Comment jmc8888
jmc8888's picture

We're already way beyond Black Thursday, almost everywhere I saw had stuff going on the whole week.

Mon, 12/03/2012 - 02:11 | Link to Comment CaesarM
CaesarM's picture

A lot is made annually of Black Friday, the day after Thanksgiving where every person goes shopping. Obviously, the press loves to make a big deal of it, because they are owned by the marketing industry, which wants every person to go shopping. Buyers are taking it seriously, as numerous Blacks Friday fights started over the post-Thanksgiving weekend. Source for this article: Shouldn't you discover on some of our web page?

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