The day after Thanksgiving is called Black Friday because it begins the period when many retailers, who depend on the holiday season for much of their profits, break “into the black” for the year. The trade association had projected the slowest sales in five years for the weekend that begins with what has come to be known as Black Friday. Nervous retailers have cut their prices earlier than ever this year and opened their doors earlier than ever, 4 a.m. just to lure in the shoppers. Consumers feel their wallets are tighter than last year and are controlling their spending due to the bad economy.
If the retailers make a profit than November 23, 2007 will be called a Good Friday. If the consumers come early to the store, they win and get a free gift with a discount. Retail analysts said that many electronics and computers games will be the hot items this year. They are expected to be the hottest targets for bargain hunters this year. Many customers lined up Friday morning just after midnight at Best Buy stores because the managers started handing out discount vouchers for Wii, Nintendo, Playstation and iPods. Crowds jammed the streets in front of Macy’s in New York, which forced the managers to open even earlier than planned.
I believe this shopping day was a Good Friday, because I was at the best mall in New Jersey, Garden State Mall in Paramus and it was packed. It took me around twenty minutes just to find a parking space. Any store that I was shopping in was crowded and you had to wait in a long line just to purchase anything. I know people are worried about spending a lot of money, but there were so many bargains and price cuts that I think the retailers are hoping to reverse the effects of the economic downturn.
http://www.msnbc.msn.com/id/21938918/
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