Let me start off by explaining a little bit about the REAL history of Black Friday. In the 1950's they used the term to describe all the people that would call in sick after Thanksgiving. In the 1960's in Philadelphia, PA the Army and the Navy used to hold a football game against each other after Thanksgiving. It brought out so many fans into the city and caused so much rivalry that the police used to call it Black Friday. It wasn't until the early 1980's that store owners decided to coin the term to mean turning a profit and bringing them back into the red. Bet you didn't know that did you? It's funny how the original term Black Friday made it's way into the new store owners term. Ehhh Hemm can you say Karma?!
It's a numbers game.
Most people expect to see sales ranging from 20% off to 75% off, but keep in mind that the retailer's cost remains the same. If we take the retailer's cost of a television at $500.00 and the everyday price for a consumer at $1000.00, you can see that the retailer would make an $500.00 profit. But if you take that same television set at the same retailer's cost and mark it on Black Friday sale for $750.00 (which is a 25% savings), the retailer only makes $250.00 per unit. They would have to sell two televisions to make up the difference of selling one television on a normal day. The cost of running a store, paying employees, cost of Black Friday security and the cost of cleaning up the store later would eat this money up in a heartbeat. So why do they continue to honor this rowdy crowd tradition? Why not change the methods of your sales technique throughout the year and honor your employees and customers by wishing them well on the "Thanks"giving holiday. Can someone please teach these business owners how to manage a business?!
Still thinking of going out for the sales?
While I'm sure I probably pissed off most of the people that I know in writing this blog, I'd like to further point out that you will not be getting anything more then "FREE SHIPPING" from me for the holidays. I love you all and I'm thankful to have you in my life, that's why I'll be sitting on a couch rubbing my belly and eating left over Turkey on Black Friday ALL SAFE AND SOUND!