Retailers Happy With Black Friday Turnout
Major Chains Say Early-Morning Bargains Lured In Bigger Crowds Than A Year Ago
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Two women carry bags of their purchases, 23 November 2007, from the Toys 'R' Us store in New York's Times Square on Black Friday, the traditional start of the holiday shopping season. (Stan Honda/AFP/Getty Images)
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Devoted Mac fans begin their Black Friday shopping at the Fifth Avenue Apple store at midnight on Friday morning, Nov. 23, 2007 in New York. (AP Photo/Jin Lee)
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Marcie Dubin, of Beverly, Mass., looks over sale fliers as she waits in line with her son Joshua Dubin, 13, center right, on Thanksgiving, Thursday, Nov. 22, 2007 outside Best Buy in Danvers, Mass. Best Buy will open Friday morning at 5 a.m. (AP/Lisa Poole)
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The aggressive tactics -- bigger discounts and expanded hours like midnight openings apparently worked. Based on early reports, Macy's Inc., Toys "R" Us, K-B Toys Inc. and others that pushed big price cuts, reported bigger crowds for the early morning bargains than a year ago. Target Corp. and Wal-Mart Stores Inc., said they were also pleased with the shopper turnout.
Electronic gadgets, particularly the hard-to-find Nintendo Wii, topped shoppers' wish lists, though frustrations were high among consumers who couldn't get their hands on the limited bargains.
With the economy relying heavily on the consumer, however, it's crucial that the Black Friday euphoria lasts throughout the season, expected to be the weakest in five years.Read more: Holiday Hoarders Rake It In Online
"I'm really looking for the bargains this year because I'm losing my job; they're moving our plant to Mexico after the first of the year, so I have to be careful," said Tina Dillow of New Richmond, Ohio, who camped out at a Best Buy store near Cincinnati at 3 a.m. because of a great deal on a laptop.
Louise Jackson of Chesapeake, Va., arrived at the MacArthur Center, a mall in downtown Norfolk, Va., at 7:30 a.m., a half hour before it opened.
"We're just browsing, to see what's out here, to see if there's anything that would be worth it," she said. By 9:30 a.m., she hadn't bought anything, although she did place a pair of pants for herself on hold at Nordstrom. Her only shopping strategy was to keep an eye out for good deals.
"The tougher economic conditions are driving more shoppers to take advantage of early bird specials," said C. Britt Beemer, chairman of America's Research Group.
For customer Jennifer Angelet and her shopping companions, this Black Friday was also about the deal, reports CBS News correspondent Michelle Miller.
We know all the sales so we know if we're getting good prices or not," said Angelet.
Marshal Cohen, chief analyst at NPD Group Inc. agreed, but he noted shoppers were buying selectively. Overall, the biggest draws were consumer electronics, including flat-screen TVs, digital cameras, digital frames, and laptops. In toys, which have been battered by recalls of a slew of lead tainted Chinese toys, there were plenty of hits, including video games such as Activision Inc.'s "Guitar Hero III," toys related to Walt Disney Co.'s "Hannah Montana" and Smart Cycle from Mattel Inc.'s Fisher-Price, toy executives said.
Janet Hoffman, managing partner of the North American retail division of the consulting firm Accenture, believes that some parents, concerned about toy safety, may shift their purchases away from toys to video games and children's clothing. She added that sales of children's clothing fared unusually well Friday.
© MMVII, CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.
Read more: Holiday Hoarders Rake It In Online



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See all 85 CommentsToo funny. I doubt even in New York City they pay the sales drones $12 an hour, and most in retail don''t even make commission.
I''m sure the employees "love" getting up at 3 AM to go to work for the same wage they normally make.
People are freaking nuts going shopping for Chinese junk at at midnight or 4 AM
I question the sanity of anyone falling for this early shopping retail ploy. What''s the point anyway? I''ll do 100% of my shopping online and get free shipping, no sales tax and the best possible prices. Plus I''ll save on gas too.
Most people are born suckers.
Close your wallets, lock your credit cards, and put the fear of death in the pockets of the consumption corporations, especially those who advertise the most.
For Christians, return to what Christmas was supposed to be about in the first place, the celebration of the birth date of your deity. If you must part with your money, do so to help those less fortunate than yourselves.
For all others, enjoy the vacation time and use it to get closer to your family, and enjoy a few days of peace.
And go out and support live music.
I know, I know...
I found sales this year where I got all my shoping done before Thanksgiving and just as good a deal as standing in line at 3am so I am passing it up this year and for ever.
As a Business Man the extra expense of adjusting for the sales and the cost involved and the cost of the goods using lost leader items is not a good idea anymore when you consider the expenses particularly this year when the cost is skyrocketing and fuel is huge and getting worse
And go out and support live music.
I know, I know...
Posted by brianbwb at 11:32 PM : Nov 22, 2007
..................
WHAT? ARE YOU INSANE?!!!
YOU CRAZY SOCIALIST!
(just kidding... but you know that''s what jowand, singinrick, and some others are thinking)!
:-)
BTW, do you celebrate Thanksgiving over in Singapore? I know Thanksgiving is a national holiday for the U.S. however. But if you do or not...
Happy Thanksgiving Brian.
-- No more meddling in other country''s political affairs
-- No more aggressive military actions overseas
-- No more torture prisons
-- No more pseudo-wars like the "War on Drugs"
-- No more IRS and unconstitutional income taxes
-- No more Federal Reserve (the group of private banks which owns our government)
-- No more erosion of Social Security to pay for militarization
-- No more U.N. (one world government) participation
-- No more NAFTA, CAFTA, WTO or GATT (globalist trade cartels)
-- No more North American Union (loss of U.S. sovereignty)
-- No more federal gun control laws
-- No more illegal aliens pouring-in over our country''s borders
-- No more illegal aliens allowed to roam freely in our streets
-- No more national ID cards (Real ID Act)
-- No more government invasion of your privacy
-- No more federal Laws which force you to take unwanted injections
-- No more federal Laws which are not authorized by The Constitution
-- No more federal erosion of State sovereignty
-- No more unlimited federal government
They don''t call him "Dr. No" for no reason. The Doctor is in! Find-out what CBS hides from you, and join us in this 21st Century political revolution at ronpaul2008.com
"Those who expect to reap the blessing of freedom must undergo the fatigue of supporting it."
- Thomas Paine
"Ron Paul doesn''t represent your Father''s school of political thought. He represents your Founding Fathers."
- Me
If he is elected President, Ron Paul will work to abolish the Federal Reserve System as well as the IRS, returning our country to the Gold Standard. He believes, as I do, that our current Income Tax System is unconstitutional, because it is a direct tax that is not equally apportioned as The Constitution requires. Whenever taxes are raised by the federal government, it should be done as The Constitution does require--in an indirect way, which is equally apportioned. This system would benefit all of us, creating more individual wealth, and allowing us to make more decisions for ourselves about our lives. As President, Ron Paul will also work to abolish the Federal Reserve, a group of private banks, run by unelected officials, which loans our government unbacked money which they are allowed to essentially print out of thin air, making each dollar in your pocket worth less all the time, and increasing our national debt to these banks. Worse still. Most of our debt is owned by China (25%) and Saudi Arabia who finance our runaway military spending overseas. This is a threat to our nation. We need to bring our troops home from overseas, and use the trillions we would save thereby to reduce our debt, and to re-invigorate our currency. We can use this money to ensure that Social Security and other essential programs will still be solvent in the future. Vote for Ron Paul. He''s published three books on the topic of sound economics. ronpaullibrary.org
Federal Reserve Chairman Ben Bernanke appeared before the Congressional Joint Economic Committee Chairman, Congressman Ron Paul on November 8th, and had to face some tough criticism concerning the fact that the Fed has been increasing the money supply while at the same time refusing to raise the Prime Interest Rate in order to curb inflation and devaluation of the Dollar. Paul accused the Federal Reserve of "robbery," telling Bernanke, "There''s a dollar crisis out there and people''s money is being stolen," Paul said. "People who have saved, they''re being robbed. I mean, if you have a devaluation of the dollar at 10 percent, people have been robbed of 10 percent." Federal Reserve Chairman Ben Bernanke attempted to dispel that notion by explaining, "If somebody has their wealth in dollars and they''re going to buy consumer goods in dollars, then the only effect it has on their buying power is that it makes imported goods more expensive." Paul disagreed, reminding Bernanke, "Yeah, but not if you''re elderly and you have your wealth in CDs. Their cost of living is going-up no matter what your CPI says," adding finally, "Their cost of living is going up, and they''re hurting. And that''s why the people of this country are very upset."
I found a great website that is giving away FREE healthy energy boosting supplement Samples to get us thru this holiday political season, go to Nano-coffee.com
Federal Reserve Chairman Ben Bernanke appeared before the Congressional Joint Economic Committee Chairman, Congressman Ron Paul on November 8th, and had to face some tough criticism concerning the fact that the Fed has been increasing the money supply while at the same time refusing to raise the Prime Interest Rate in order to curb inflation and devaluation of the Dollar. Paul accused the Federal Reserve of "robbery," telling Bernanke, "There''s a dollar crisis out there and people''s money is being stolen," Paul said. "People who have saved, they''re being robbed. I mean, if you have a devaluation of the dollar at 10 percent, people have been robbed of 10 percent." Federal Reserve Chairman Ben Bernanke attempted to dispel that notion by explaining, "If somebody has their wealth in dollars and they''re going to buy consumer goods in dollars, then the only effect it has on their buying power is that it makes imported goods more expensive." Paul disagreed, reminding Bernanke, "Yeah, but not if you''re elderly and you have your wealth in CDs. Their cost of living is going-up no matter what your CPI says," adding finally, "Their cost of living is going up, and they''re hurting. And that''s why the people of this country are very upset."
Thanks for the well wishes, same to you and yours.
While not an official public holiday here, it can be seen and felt in all the TV shows, marketing, and ads for turkey sales, and the nine yards, the beginning of the Christmas holiday shopping season. Many take leave from work, and it is usually granted. The Christmas lights and decorations displayed on the main shopping drag, Orchard road, rivals anything seen in New York, or any major US city, enough electric power to drive Santa Monica, Ca, and probably can be seen from space.
Yes, the beginning of the Christmas shopping season is here, Christmas songs in all the shopping malls and restaurants, balls out, the whole ten yards. It is all pervasive, and can even be felt in majority Muslim Indonesia, just a little more subdued.
What''s the rush?
It''s amazing how many people bow to their corporate masters this time of year.
Seeing greedy China-Mart open with a jammed parking lot of idiots on Thanksgiving Day was pathetic at best, too. What happened to America and it''s values on one of two holidays that ALL stores used to be closed? I hold sitting around my dysfunctional family quite sacred.
Retailers are going to have a rude awakening next week, however, after this one day buying frenzy is over and you slaves snap back to reality....
T,ain''t so people. From the above report, one can see that the rich ARE doing well, but middle and lower income folks are starting to feel the pain........and it is only the beginning.
Greed drives us all....retailers want to up their profits, buyers want to feel they save a few dollars. Sorry retailers, but this year I am refraining from buying during December as I am SAVING for that cold day in February. By then, we may have some idea who will be leading this country out of this mess!
However, the one thing that customers do that really chafes is during regular times, they come in at 5 minutes or less until closing, and want to do something that takes around 20-30 minutes to do(ie:activating a cell phone).
Klingon69 - my condolences to you. Especially regarding the idiot customers who can''t fathom that the sales are meant to get people in, quantities are meant to be limited (the store would otherwise go broke!), and so on. And, to digress, it is more logical to go to a local store to purchase goods than the internet (at least in terms of transport and gas usage...)
(* Tinfoil time - If software companies sell their applications for $3 over there, or if the movie companies sell legit DVDs at a fraction of the price here (but don''t mention free trade as it would be wrong for the rest of us to take advantage of free trade)...)
2. Shop at independent retailers, "small box" stores.
3. Buy products made in America.
Enjoy the holidays knowing that you helped your fellow AMERICANS enjoy their holidays as well, by giving your money to the people in your community and NOT some sell-out multi-national company poisoning/endangering you from cheap foreign made products!
I wonder how many of the above mentioned idiots didn''t have time to vote in the last election.
www.poconocommunitynews.com
This is exactly as we have in Mecca when the pilgrims come to Saudi Arabia for the pilgrimage. The one month before, that is now in 2007(there is a gap of 11 odd days between the lunar and our calendar moth). The Hajj is one time in life, a must, for the Muslims .What happens at his time in Saudi cities, is the markets are flooded with all types of commodities, perfumes, bags, watches, electronic, name it, it is here for sale. More the reason of the fake goods entering as most of the pilgrims may never come again. Therefore, the vendors try to sell all types of fake, broken, off the usual ISO or any standards at a throw away price.
The bag is so attractive that in spite of running short of cash, you end up borrowing cash, only to find at times that you were tricked into buying fake perfume or the very fragile belt of the wrist watch or rings that looks gold. There are some honest shopkeepers to tell you that the gods are fake and cheap. They will tell you what is originals and what is the quick sale and no warranty or guarantee.
I thank you
Firozali A.Mulla MBA PhD
P.O.Box 6044
Dar-Es-Salaam
Tanzania
East Africa
Posted by beecuster
That isn''t very sporting of you, who will lift the Chinese and Indians out of poverty if you sit on your wallet?
Posted by hypnotoad72
Hmmmm, the multinational I work for just layed off most of their US IT department and relocated the jobs to Costa Rica. A few lucky US IT workers were able to come back as temporary employees.
.
For those stuffing money into the markets like there is no towmorow, we can rule out any rational person that can see the pending economic catastrophe in the US. That leaves the following:
1. American morons blinded by greed
2. Saudis investing the mega-profits from $100/barrel oil
3. Anybody in the world that has a currency that isn''t as worthless as the dollar, so making US stocks cheap.
That''s as good - if not better - analysis than any of the talking heads could ever provide!
.
Posted by omega39 at 02:30 PM : Nov 23, 2007
.................
That''s because you demanded more than $4 an hour for your work!
DAMNN YOU WORKING SCUM!
American workers.... enemies to the corporate elite!
:-(
Millions of Americans were waiting in line to buy that heavily discounted big screen flat TV....
...so they could all watch the fall of America in High Definition!
DAMNN YOU WORKING SCUM!
American workers.... enemies to the corporate elite!
:-(
The funny thing is USAyesterday, said multinational used to be bullish on India but salaries over there are skyrocketing and they figure next year will be 1:1 with an American worker. Hence the IT work going to Costa Rica. This finally puts to rest the corporate lie that its about skills and not salaries as they claim.
Posted by USAyesterday
Your a simple man, a lonely man, a sad man with a contiguous dissappointing past due to the fact that none of your clairvoyent predictions about anything has ever come true.
Moreover, and perhaps this is the most important statement, no one listens to you on here.
USA will always stay strong. So please, continue to "Waller" in your own confused mental state because quite frankly, we enjoy it on here....
Posted by omega39 at 05:29 PM : Nov 23, 2007
..............
Oh, I know. It doesn''t take an engineer to figure out that American companies who have grown used to paying off-shore workers between $2 to $4 an hour (U.S. equivalent) that they would all of the sudden start paying 10 times that amount once they found a bunch of American engineering graduates at their door step.
The lie (as you said) that "...there''s not enough skilled/educated work force in America" is clearly a bunch of bull ******!
Oh, and "poopusbuttus"... do me a favor:
Please cut a hole in your cocoon in which you live, and tell me what you see. Perhaps you may need to move your cocoon outside of your gated country-club community.
I guess you don''t read... let alone read the reports on this site and the comments by many other middle class AMERICANS like me, who have faced many downward pressures on our daily lives (specifically financially related). A pessimist I am. An "alarmist" I am not. Some of my statements are in jest, but I guess I have to put a note on the end of those statements to avoid ruffling your feathers... or accidentally knocking off those rose-colored glasses you like to wear.
Posted by poopusbuttus at 07:15 PM : Nov 23, 2007
.............
A certain president 16+ years ago had a pessimistic view of invading Iraq (after liberating Kuwait) because he knew it would be a quagmire and thousands of American soldiers would lose their lives. He did not continue the military operations and was widely criticized for it.
A certain president was optimistic over 4 years ago that we could invade Iraq and win, and invade it with less than 100,000 troops to start. Thus failing to secure the countryside and essentially allowing thousands of foreign terrorist/fighters into the country.
So your type has essentially drained our economy and skyrocketed our national debt while our infrastructure, education, health care, and many other domestic programs are in desperate need of repair and/or improvement. All the while, thousands of our own soldiers have died because of poor planning and either blind optimism or just underlying greed.
Take that into affect, along with the falling dollar and rising energy/oil/gas prices which WILL spell disaster for the American economy... definitely in the short term... and perhaps in the long term.
All thanks to you and your fellow Bush-loving "optimists".
Go ahead and give yourselves a pat on the back and yell:
"Mission Accomplished!"
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