Will the economic crisis affect Black Friday? Predictions from Dealnews.com
Filed under: Shopping, Technology, Black Friday
Black Friday has traditionally been one of the busiest and most frantic shopping days of the year but with Christmas sales down in 2007 and the economy looking like a leftover fruitcake, many people are wondering if Black Friday can live up to past performances.To better grasp the severity of the situation I enlisted the help of Dan de Grandpre, the current CEO of Dealnews.com. Dan is one of the most qualified individuals I know to assist in this as he has over 12 years of deal hunting experience as well as the ability to keenly identify industry trends. The Dealnews.com CEO backs up his team's experience surrounding retail sales and promotions by boasting that Dealnews.com has saved visitors hundreds of millions of dollars.
Black Friday needs only three things to be successful: retailers with amazing deals, willing consumers and money. Without any one of these items Black Friday ceases to be the spectacle that retailers and shoppers have come to know and love. In order to understand how the economy affects any of these three elements it is important to understand the relationship between retailers and consumers.
Black Friday, for those of you who have yet to be initiated, is the day after Thanksgiving here in the U.S. and it is marked by huge sales at retailers and lines that stretch around the store. During these sales prices often hit rock bottom and this year, thanks to many of the major retailers eschewing rebates for instant savings, retailers will be setting records for low prices. Dan de Grandpre, CEO of
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