Black 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
· Home Depot
Retailers who haven’t expressed their stand to open or remain closed in 2016 include
· Best Buy
Though 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.
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