Today’s Empty Stores Signal The Death Of ‘Black Friday’ As We Know It

Adam BaderLast Update : Friday 24 November 2017 - 9:43 PM
Today’s Empty Stores Signal The Death Of ‘Black Friday’ As We Know It

<!–[if IE]>http://html5shiv.googlecode.com/svn/trunk/html5.js<![endif]–>Today’s Empty Stores Signal The Death Of ‘Black Friday’ As We Know It

11.24.17

Shutterstock

Black Friday started earlier than ever this year, but the expected mad rush hasn’t happened. Shoppers are posting Instagrams and Tweets of empty stores, and even the New York Times is getting in on the laughs. So is this the last Black Friday EVER? Probably not. But the last one is likely coming sooner than you think.

In theory, the malls should be flooded. Unemployment is at record lows, 4.1% according to the Bureau of Labor Statistics. Wages have kept pace with inflation. Credit is easy to get. Discretionary income is steadily growing. All of that usually adds up to spending, and it has. Just not at brick-and-mortar retailers — which this year have seen record numbers of store closings while once-mighty retailers face the chopping block.

Part of this, of course, is Amazon, since nobody wants to have to risk getting punched to buy a TV. Amazon will likely end 2017 controlling 44% of the ecommerce market, with eBay a distant second at 6.8%. But while that’s an easy fallback, that’s not a perfect explanation; Amazon can’t even crack the top twenty of the fastest growing retailers in the world, according to the National Retail Federation. Amazon’s big contribution is price pressure. Its size allows the company to keep the price low enough on goods that it’s competitive with almost any store you can think of.

Another part is that we’re simply buying less stuff. Your average American spent 2.3% less on clothes, for example, last year, and growth on buying all the other stuff we don’t need slowed last year, too. You can chalk this up to anything from Millennials valuing experiences over things, to the fact that holiday revenue is so important Black Friday is increasingly just another day on the calendar of holiday deals, but part of the explosive retail growth over the last two decades has been Americans buying computers, smartphones, and other tools. Now almost everybody has one, and as neat as the Google Home Mini is, it’s not exactly a must-have bit of tech.

Finally, well, like we said, who wants to get punched buying a TV? Last year there were multiple shootings on Black Friday, and even though most of those events had nothing to do with shopping, we’ve all seen the videos of the brawls and heard the stories of the shoving matches. While the violence of Black Friday is exaggerated, if you can get it cheaper elsewhere, or have to spend $20 more and not get thumped in the nuts with some grandma’s purse, why bother?

Share This

Around The Web

‘;e.displayMessage=t,e.replaceContent=n,Object.defineProperty(e,”__esModule”,{value:!0})})},{}],25:[function(e,t,n){!function(e){“performance”in e||(e.performance={});var t=e.performance;e.performance.now=t.now||t.mozNow||t.msNow||t.oNow||t.webkitNow||Date.now||function(){return(new Date).getTime()}}(self)},{}],26:[function(e,t,n){t.exports=[“com”,”net”,”fr”,”co.uk”,”de”,”tv”,”today”,”org”,”info”,”ie”,”ba”,”gg”,”co.nz”]},{}],27:[function(e,t,n){“use strict”;var r=e(28),o={};o.rules=e(26).map(function(e){return{rule:e,suffix:e.replace(/^(*.|!)/,””),wildcard:”*”===e.charAt(0),exception:”!”===e.charAt(0)}}),o.endsWith=function(e,t){return-1!==e.indexOf(t,e.length-t.length)},o.findRule=function(e){var t=r.toASCII(e);return o.rules.reduce(function(e,n){var i=r.toASCII(n.suffix);return o.endsWith(t,”.”+i)||t===i?n:e},null)},n.errorCodes={DOMAIN_TOO_SHORT:”Domain name too short.”,DOMAIN_TOO_LONG:”Domain name too long. It should be no more than 255 chars.”,LABEL_STARTS_WITH_DASH:”Domain name label can not start with a dash.”,LABEL_ENDS_WITH_DASH:”Domain name label can not end with a dash.”,LABEL_TOO_LONG:”Domain name label should be at most 63 chars long.”,LABEL_TOO_SHORT:”Domain name label should be at least 1 character long.”,LABEL_INVALID_CHARS:”Domain name label can only contain alphanumeric characters or dashes.”},o.validate=function(e){var t=r.toASCII(e);if(t.length255)return”DOMAIN_TOO_LONG”;for(var n,o=t.split(“.”),i=0;i63)return”LABEL_TOO_LONG”;if(“-“===n.charAt(0))return”LABEL_STARTS_WITH_DASH”;if(“-“===n.charAt(n.length-1))return”LABEL_ENDS_WITH_DASH”;if(!/^[a-z0-9-]+$/.test(n))return”LABEL_INVALID_CHARS”}},n.parse=function(e){if(“string”!=typeof e)throw new TypeError(“Domain name must be a string.”);var t=e.slice(0).toLowerCase();”.”===t.charAt(t.length-1)&&(t=t.slice(0,t.length-1));var i=o.validate(t);if(i)return{input:e,error:{message:n.errorCodes[i],code:i}};var a={input:e,tld:null,sld:null,domain:null,subdomain:null,listed:!1},c=t.split(“.”);if(“local”===c[c.length-1])return a;var u=function(){return/xn--/.test(t)?(a.domain&&(a.domain=r.toASCII(a.domain)),a.subdomain&&(a.subdomain=r.toASCII(a.subdomain)),a):a},s=o.findRule(t);if(!s)return c.length1&&(r=n[0]+”@”,e=n[1]),e=e.replace(I,”.”),r+i(e.split(“.”),t).join(“.”)}function c(e){for(var t,n,r=[],o=0,i=e.length;o=55296&&t65535&&(e-=65536,t+=H(e>>>10&1023|55296),e=56320|1023&e),t+=H(e)}).join(“”)}function s(e){return e-48>1,e+=M(e/t);e>N*S>>1;r+=E)e=M(e/N);return M(r+(N+1)*e/(e+T))}function f(e){var t,n,r,i,a,c,l,f,p,h,g=[],v=e.length,b=0,_=P,w=A;for(n=e.lastIndexOf(C),n=128&&o(“not-basic”),g.push(e.charCodeAt(r));for(i=n>0?n+1:0;i=v&&o(“invalid-input”),f=s(e.charCodeAt(i++)),(f>=E||f>M((y-b)/c))&&o(“overflow”),b+=f*c,p=l=w+S?S:l-w,!(f

M(y/h)&&o(“overflow”),c*=h;t=g.length+1,w=d(b-a,t,0==a),M(b/t)>y-_&&o(“overflow”),_+=M(b/t),b%=t,g.splice(b++,0,_)}return u(g)}function p(e){var t,n,r,i,a,u,s,f,p,h,g,v,b,_,w,m=[];for(e=c(e),v=e.length,t=P,n=0,a=A,u=0;u=t&&gM((y-n)/b)&&o(“overflow”),n+=(s-t)*b,t=s,u=0;uy&&o(“overflow”),g==t){for(f=n,p=E;h=p=a+S?S:p-a,!(f= 0x80 (not a basic code point)”,”invalid-input”:”Invalid input”},N=E-O,M=Math.floor,H=String.fromCharCode;if(w={version:”1.4.1″,ucs2:{decode:c,encode:u},decode:f,encode:p,toASCII:g,toUnicode:h},v&&b)if(t.exports==v)b.exports=w;else for(m in w)w.hasOwnProperty(m)&&(v[m]=w[m]);else r.punycode=w}(this)}).call(this,”undefined”!=typeof global?global:”undefined”!=typeof self?self:”undefined”!=typeof window?window:{})},{}],29:[function(e,t,n){!function(e,r){“object”==typeof n&&void 0!==t?r(n):”function”==typeof define&&define.amd?define([“exports”],r):r(e.ulog=e.ulog||{})}(this,function(e){“use strict”;function t(e){var t=Object.create(console);[“assert”,”trace”,”debug”,”log”,”info”,”warn”,”error”].forEach(function(n){e[n]=t[n]})}function n(e,n){var r=i[n];void 0!==r&&(t(e),r>0&&(e.assert=function(){}),r>5&&(e.trace=function(){}),r>10&&(e.debug=function(){}),r>20&&(e.log=function(){}),r>30&&(e.info=function(){}),r>40&&(e.warn=function(){}),r>50&&(e.error=function(){}))}function r(e,t){t=t||{},n(e,t.level||”debug”)}function o(e){var t=Object.create(console);return r(t,e),t}var i={all:0,trace:5,debug:10,log:20,info:30,warn:40,error:50,none:1e3},a=o();e.LEVELS=i,e.setLevel=n,e.configure=r,e.create=o,e.logger=a,Object.defineProperty(e,”__esModule”,{value:!0})})},{}]},{},[21]);

Source: uproxx

Short Link
2017-11-24 2017-11-24
Leave a Reply
0 comments
*Name
*Email
Required fields*

Your email address will not be published.

Comments Rules :

عدم الإساءة للكاتب أو للأشخاص أو للمقدسات أو مهاجمة الأديان أو الذات الالهية. والابتعاد عن التحريض الطائفي والعنصري والشتائم.

Type a small note about the comments posted on your site (you can hide this note from comments settings)

Adam Bader