Supply chain + inflation-adjusted dollars though?
90% of Black Friday deals were the same price or cheaper six months before
91–100 of 231 posts
Re: 90% of Black Friday deals were the same price or cheaper six months before
#92It has been interesting watching the concept of Black Friday (and cyber monday) evolve over the past 20 or so years from being mostly an "American big box retailer dumping excess stock" thing to "oh boy its black Friday, time to go buy stuff!" thing. The entire event has basically been undeservingly co-opted by everyone looking to cash in on hype over an event that basically doesn't even resemble what made it a thing…
This take is wrong, Black Friday has always been about the beginning of the holiday shopping season, traditionally holiday decorations started the day after Thanksgiving and the doorbuster deals are loss leaders to drive traffic to stores. Source: middle age American. Also history: https://www.washingtonpost.com/history/2021/11/24/franskgivi...
Sorry, I didn't mean that what I said was the origin, only that was what it was marketed as around that period, and I should clarify my context that I was talking about what it was like in Canada, where it has only relatively recently become a thing. I guess what I meant to refer to was its etymological shift from the "selling excess stock" narrative in America (which itself was just a rebranding of the previous meaning) towards becoming a global event of consumption for consumption's sake in itself.
Maybe I am wrong, but I feel like it has only been within the past couple decades that we have seen things marketed as black Friday outside of America, or sales co-opting the name for things like pre-black Friday sales, extended black friday sales and things like black Friday in summer.
Re: 90% of Black Friday deals were the same price or cheaper six months before
#93Supply and demand wins again I think. None of this is a surprise given price inflation and supply shortages. Probably at least another year of this as covid is far from gone with delta + antivax.
Re: 90% of Black Friday deals were the same price or cheaper six months before
#94I figured this out last year, I bought a big set of Dewalt power tools which sat unopened for a long time but I had to buy them at black Friday to get the deal. When I went to return them they were almost 10% cheaper then when I bought them except Lowes had also snuck in a monstrous $100 shipping fee that I didn't notice at the time meaning and which was non refundable meaning I probably paid 30% above retail because I so desperately needed these tools that I wasn't ready to use.
Re: 90% of Black Friday deals were the same price or cheaper six months before
#95Earlier quoted context omitted.
They do money by adding their affiliate code to the links. However the Amazon Affiliate TOS [0] say: (y) Unless otherwise agreed by Amazon, your Site must not have price tracking and/or price alerting functionality. I see many sites with this functionality. I don't know if they all got approved by Amazon or they are not enforcing this clause. [0] https://affiliate-program.amazon.com/help/operating/policies...
Terms of Service are universally wishlists of things a legal department may wish to enforce if they are so inclined. In this case, they are not so inclined.
Basically the same as warnings on medications. They list almost every known symptom without any sort of probability so they're almost useless.
Re: 90% of Black Friday deals were the same price or cheaper six months before
#96There are a lot of junk ‘deals’ on Black Friday, but there are also legit deals. For example, AirPods are $20-$40 less than usual (and aren’t EOL, which is one trick retailers pull). I picked up several items this year at prices that are significantly lower than normal.
I have to be careful, though — only buying things with a verifiable price history, which typically means name brands. Otherwise it’s too easy to be fooled by fake ‘normal’ prices.
I use dealnews.com to keep tabs on most things I’m interested in; otherwise I use camelcamelcamel for spur-of-the-moment purchases.
Re: 90% of Black Friday deals were the same price or cheaper six months before
#97This have been a joke for a few years here in Brazil, we call the day "Black Fraud" (sounds a little better in Portuguese) The relevant point is that Black Friday is an "artificial" event here: we do not celebrate Thanksgiving Day so there is no need for a the stores to get rid of unsold inventory. It started just ~10 years ago when marketers began advertising it as a sales day.
Iranian companies are now advertising Black Friday sales. Even though in Iran we do not celebrate Thanksgiving, we do not celebrate Christmas (except for Christians of course), and even our new year starts at spring equinox in late March. Black Friday is literally a random day in fall which has no significance. Yet there are Black Friday sales now.
It s like Halloween in France, it's so weird how tv shows made people with a strong identity adopt a foreign culture.
Re: 90% of Black Friday deals were the same price or cheaper six months before
#98Here in Norway we didn't have Black Friday until like a decade ago or so, when shops started introducing it. They even had to explain what it was all about in the ads. Now it's no longer Black Friday, no... now we have Black Week and even Black November, filled with 10% off prices or deep discounts on old junk nobody wanted... There's still a few really good deals, and there's a positive to concentrating the deals to…
Here in Brazil this year I saw a bunch of Black November. Yes, in english, in a country where people normally don't know english. Even weirder, is today a cosmetics company said that "Black Friday" (in english like that!) is a racist name and they are comitted to changing it. Most people here don't even know what "Black" means. (or "Friday", for that matter). The amount of USA culture "invading" our culture is really…
It s like in my company, useless morons (it's always them) scold us when we say blacklist. Like dude, black is the color of the night, it's the absence of color, it's the color of when it's cold and scary, ofc it can used to mean "bad list", and pointing out all the time africans happen to be black (because this color also has the property to resist the sun better) is what makes the link. Not me in Hong Kong saying in a random email "I
added the server to the blacklist"...
If some people where red, saying red flag would be a problem I m sure (red being the color of blood, no surprise it means danger).
Re: 90% of Black Friday deals were the same price or cheaper six months before
#99Earlier quoted context omitted.
Black Friday is only associated with Thanksgiving in the US because it marks just about 1 month before Christmas, but otherwise it’s not part of Thanksgiving. It’s also to start selling products for Christmas gifts — not related to getting rid of unsold inventory. Most companies have a fiscal year ending in December, so it’s mostly just about getting that last boost of sales before the end of the year.
The history of Thanksgiving -- FDR moved the holiday to support the holiday shopping season. Black Friday has not really been about dumping excess inventory but as the beginning for the holiday shopping season..."black" references the profit retailers make, going from red to black for the year. https://www.seattletimes.com/nation-world/franklin-roosevelt...
Fantastic article. I didn’t realize how polarized things were.
“Public opinion split along political lines. A Gallup Poll showed Democrats favored the switch 52% to 48%, while Republicans opposed it 79% to 21%.”
Re: 90% of Black Friday deals were the same price or cheaper six months before
#100This have been a joke for a few years here in Brazil, we call the day "Black Fraud" (sounds a little better in Portuguese) The relevant point is that Black Friday is an "artificial" event here: we do not celebrate Thanksgiving Day so there is no need for a the stores to get rid of unsold inventory. It started just ~10 years ago when marketers began advertising it as a sales day.
I mean if people didn't like it wouldn't it go away? What is the fraud involved? I am sincerely curious. Are the sales fake or something? like they have very limited inventory and just get people in and while they're there the store hopes they'll buy an alternative? That used to be a big thing around here but generally these days if you get there early you can get the deals, or if you sit up late and buy on the web site.