Let the Shopping Begin!

Black Friday shoppers crowd malls, stores all night long

Friday, Nov 26, 2010  |  Updated 11:35 PM EDT
View Comments (
)
|
Email
|
Print
Denise Nakano talked to Black Friday shoppers at the Cherry Hill Mall.

NBCPhiladelphia.com - Denise Nakano

Denise Nakano talked to Black Friday shoppers at the Cherry Hill Mall.

advertisement
Photos and Videos

Black Friday at the Christiana Mall

Shoppers at the Christiana Mall were in for some great deals on Black Friday.

Black Friday at King of Prussia

Rosemary Connors checks out the Black Friday madness at the King of Prussia mall.
More Photos and Videos

After weeks of “Black Friday” sales pitches, the real thing finally arrived.

Retailers ushered in the traditional kickoff of the U.S. holiday shopping season on Friday with expanded hours, deep discounts and online deals. Bargain-hungry shoppers are giving them a strong early turnout.

The crescendo follows a weeks-long push to get shoppers to open their wallets with early deals. Many stores had trotted out the “Black Friday” label on sales as far back as October.

In a bid to grab shoppers earlier, a number of stores including Old Navy, Toys R Us and Sears opened on Thanksgiving Day. Toys R Us was counting on getting an extra boost by opening 24 hours straight, starting at 10 p.m. on Thanksgiving.

The fierce battle for shoppers' wallets promises savings for those willing and able to buy amid an economy that's still worrying many.

The good news is that retailers are heading into the season with some momentum after a solid start to November. Shoppers who can afford it are buying more non-essentials, like jewelry and luxury goods. That's helping to lift their spirits about the holiday season, which is expected to generate revenue gains modestly higher than a year ago.

“It's a dogfight between retail companies,” said Chris Donnelly, a senior executive in consulting group Accenture's retail practice. “This year is the first time that there's a little more money in the marketplace so they're being more aggressive about getting the last dollar. At the end of the day, they're going to outweigh people who are pulling back.”

Still, nearly 15 million are unemployed, and concerns about job security still cloud consumer confidence. Spending may be picking up but has not returned to pre-recession levels.

So, retailers are pushing deals on basics as well as offering discounts on more deluxe items, from bigger flat-panel TVS to more elaborate play sets.

Kohl's, which opened at 3 a.m. Friday, one hour earlier than a year ago, is promoting diamond bracelets and diamonds heart pendants for $99 each, down from $500 or $575. The store is also offering 50 percent off all toys.

Thanksgiving weekend is huge for retailers. In recent years, Black Friday has been the busiest shopping day of the year, according to data from research firm ShopperTrak. But it doesn't necessarily provide a complete forecast of holiday sales. In fact, shoppers seem to be procrastinating more every year, so the fate of the holiday season is increasingly down to the last few days.

Retailers do study buying patterns for the weekend to discern shoppers' mindset. This year, that means taking the measure on their willingness to spend just a little bit more.

Last year, the Thanksgiving shopping weekend accounted for 12.3 percent of overall holiday revenue, according to ShopperTrak. Black Friday made up about half of that.


Fan, follow and download: Get the latest from NBCPhiladelphia.com anytime, anywhere. Follow NBC10 News Today on Facebook. Sign up for our morning newsletters. And, get breaking news delivered right to your mobile phone -- just text PHIBREAKING to 639710 to sign up. (Message and data rates may apply.)

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
FlyeredUp: Win 2 Tickets to Flyers Playoff Game
Win two tickets to the first 2014... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out