No More Shopping On Black Friday

main-qimg-f9d154f5b469716c289f1baa58cc6576-cBlack Friday is the Friday that comes after Thanksgiving This year it falls on 25th November 2016. The retailers have a practice of opening the shops as early as midnight or even before. It is seen as a shopping extravaganza.

This year the retailers have decided to change the routine. Most of them are not opening early as they feel it is more meaningful to spend Thanksgiving with families.

The big names in the business have agreed to this decision. CBL has decided not to open 73 of their locations on Thanksgiving. They would be opening only on the next day i.e. on Black Friday by 6am.

Other retailers who would be remaining closed on Thanksgiving are
· Mall of America
· Costco
· Home Depot
Retailers who haven’t expressed their stand to open or remain closed in 2016 include
· Walmart
· Target
· Macy’s
· Best Buy

w-blackfriday-300x200Though the retailer claims that they are not opening and are going to alter the regular pattern of early openings on Black Friday, there are certain figures which hint that the sales on Black Friday have not been going as expected. The day may slowly be losing its title to December 23rd in terms of shopping volume and sales.

People have a tendency to shop more just before Christmas and no longer after Thanksgiving. It hasn’t been a sudden change, however, retailers have been comparing previous years sales and noting that the decline in sales and business is setting in gradually. Even thanksgiving is not likely to appear on the top ten list of days of maximum shopping.

Stephen Lebovitz who is the CEO of CBL claimed that previously Black Friday used to be a great day for shopping and was filled with fun and frenzy. He said that they are trying to bring back this spirit by holding off the sales and creating a wanting in customers.

Read More: Einstein’s Prediction 100 Years Ago Comes True Now

Is Yahoo A Declining Internet Giant?

marissa-mayerWhat is happening to Yahoo? The 90’s saw a boom in technology with the advent of Yahoo and its internet services like communication platforms, internet search, and digital content. Let’s understand how Yahoo splits the business. The original Content is delivered through Yahoo mail is used for digital communication. Flickr and Tumblr provide advertising platforms. The Company has also invested stakes in Alibaba Group, a Chinese e-commerce company, and also in the internet company Yahoo Japan.

From being an internet giant once, how did the company reach a stage where its core value is negative? Since 2008, there has been a steady decline in sales. The decision by CEO Marissa Mayer to buy unprofitable startups for oversized valuations also proved to be a disaster.

· Tumblr for $1.1 billion
· BrightRoll for $640 million
· Flurry for $240 million
· Qwiki for $50 million

yahoo-300x200Take a look at some Figures

Yahoo has bought 384 million shares of Alibaba (15.4% of this company) and the value comes to around $32 billion.
Yahoo has invested 35.5% equity interest in Yahoo Japan, which is worth about $8.5 billion
However, Yahoo’s total market capital is less than the $40.5 billion.
This shows that on a balance sheet, the core business value is less than zero.

So it’s evident that it’s high time CEO Mayer steers the company onto the positive scale again.