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Black Friday Slipping as King of Retail

Updated: 12/01/2013 10:52 PM
Created: 12/01/2013 9:21 PM KSTP.com
By: Tim Sherno

Black Friday could be next in line for major changes, according to David Vang from the University of St.Thomas. 

Vang says continued competition could push discounts to other days, or onto the Internet, "I think, probably what we'll see going forward is less and less sales volume on black Friday being take up by more sales online."

The National Retail Federation has been conducting holiday weekend shopping surveys since 2006 and this year for the first time total spending is estimated to be down from the previous year, a total of 2.9 percent.

Vang says it's likely the money was spent, but not in retail outlets during the holiday weekend, "Those sales probably went someplace else, and probably a lot of people are shopping online."

Vang says as retailers compete with each other and with online sellers, the traditional Black Friday deal may become less important.

Even so, says Vang, Black Friday will still be a player in the holiday weekend shopping commerce for those whom the experience is a tradition, "I sometimes refer to it as the equivalent of urban deer hunting."



 
 


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