The Prof G Pod with Scott Galloway Prof G Markets: Black Friday, Cyber Monday, and Consumer Culture
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Nov 28, 2022 Dive into the intriguing world of holiday shopping as Scott shares nostalgic tales of Black Friday and Cyber Monday. Learn about the shifting retail landscape and consumer habits influenced by the pandemic and inflation. Katherine Cullen offers keen insights into current consumer trends and behaviors, while Scott shares valuable advice for those facing layoffs. The discussion highlights the cultural impact of these retail events and advocates for mindful spending in an ever-evolving market.
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Scott Galloway's Childhood Christmas
- Scott Galloway dislikes the holidays due to childhood experiences of economic hardship and family conflict.
- His mother, being resourceful, would shop for gifts on sale after Christmas to recreate the holiday later.
The Purpose of Sales
- Sales serve multiple functions like clearing inventory and attracting new customers, according to Katherine Cullen.
- The thrill of deal-hunting adds an entertainment aspect to the shopping experience.
Black Friday's Enduring Appeal
- Black Friday remains relevant due to its nostalgic appeal and the expectation of significant deals, says Katherine Cullen.
- Even with sales starting earlier, it persists as a strong American tradition.