Early Deals Cut Into Black Friday Sales
Black Friday and the weekend after Thanksgiving saw much lower sales this year, likely due to online shopping and early deals.By Jasmine Bailey | December 1, 2014
If you went shopping on Thanksgiving or Black Friday, you might have had to fight a crowd or two. But now the numbers are out for weekend sales, and it looks like a lot of shoppers opted to stay home — sales were down 11 percent.
The likely culprit: Thanksgiving sales have gone beyond specific days and instead run through the week of Cyber Monday. That allows a lot of time to get shopping done.
"Bargain Fever" author Mark Ellwood told Bloomberg: "It's just been stretched out. We don't call Thanksgiving, Thanksgiving anymore — we call it Gray Thursday."