The Fox News Rundown Why Black Friday Is Still a Big Deal
Nov 29, 2024
Gerald Storch, former CEO of Toys 'R' Us, and Commissioner Kenneth Hodder of the Salvation Army discuss the evolving landscape of Black Friday amidst rising inflation. Storch shares insights on consumer spending trends and the enduring allure of in-store shopping. Hodder highlights the vital role of the Salvation Army's red kettles in supporting local communities and the importance of Giving Tuesday. Together, they address the challenges of this holiday season, emphasizing the spirit of generosity and the impact of donations on those in need.
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Black Friday Deals
- Smart retailers save special Black Friday deals.
- These deals create a sense of urgency, even if some deals are available earlier.
In-Store Advantage
- In-store shopping offers immediate possession and verification of products.
- This addresses online shopping uncertainties and encourages impulse buys.
Consumer Psychology
- Deals are crucial for attracting consumers, especially during inflationary periods.
- Consumer spending surveys are unreliable as spending is often unpredictable.