NationStates Jolt Archive


Madness! It's just sheer madness, I tell you!

Eutrusca
26-11-2005, 15:16
COMMENTARY: Surely this sort of insanity is limited to a handful of the truly demented??? :headbang:


Dawn Rush Hints at Strong Start to Holiday Sales (http://www.nytimes.com/2005/11/26/business/26retail.html?th&emc=th)


By MICHAEL BARBARO
Published: November 26, 2005
At 12:05 a.m. yesterday, moments into the earliest store opening on the busiest shopping day of the year, the beleaguered employees at the CompUSA on 57th Street in Manhattan laid down some ground rules: no more pushing and no more grabbing deeply discounted merchandise out of the hands of other customers.

"Civilized! Civilized!" implored one employee, as he dumped a cardboard box full of computer equipment into the outstretched hands of two dozen shoppers, who nevertheless lunged at one another to secure some of the limited supply of wireless adapters and Internet cards.

"For an outsider, this must seem nuts," confessed Mala Mathur, 25, who emerged from the scrum with a hard drive (regularly $150, on sale for $50). "But for us," she said of her fellow early risers, "it's perfectly natural."

Across the country, millions of Americans mobbed discount stores, raced into suburban malls and swarmed downtown shopping districts in a retail ritual that appeared to set a record for sleep deprivation.

Merchants, eager to lure large crowds, opened even earlier than last year - by an hour (at Wal-Mart), six hours (at CompUSA) and even a day (at Kmart).

Official tallies of how much people bought yesterday will not be available until Sunday, at the earliest. But initial reports from retail executives, who monitor the day's sales by the hour for clues about the health of the holiday shopping season, suggested a strong start.

"There are definitely more people out there," said John Barbour, the president of Toys "R" Us, which unlocked the doors at more than 100 stores before a scheduled 6 a.m. opening to accommodate larger-than-usual crowds.

Pam Kohn, Wal-Mart's senior vice president for operations for the Southeast, said foot traffic inside the chain's 3,500 stores suggested that "it's going to be a good day" - a relief for the discount giant, which stumbled badly on the same day last year.

Retailers had been fretting about the holiday season, speculating that higher gas and home heating prices, combined with the upheaval wrought by the three hurricanes that swept through the Gulf Coast and Florida, would pinch consumer budgets on what has become the biggest shopping day of the year (a title held, until 2003, by the Saturday before Christmas, according to ShopperTrak, a market research firm).

So to ensure a respectable season, retailers dangled a long list of incentives, from free cordless phones to $20 gift cards with a purchase, all abruptly ending around noon, when less generous discounts kicked in. Even Saks Fifth Avenue joined in: it offered 40 percent off selected Juicy Couture and Kate Spade handbags all morning.

Employees at Old Navy handed out cranberry and vanilla chip breakfast bars to shoppers in San Francisco, while Fortunoff, a jewelry and home furnishings chain in the metropolitan New York area, hired a team of masseurs to rub down customers on beds in the home department.

Stores are putting a greater emphasis on the day after Thanksgiving because they find it strongly influences decisions about where to shop for the rest of the holiday season. Deep discounts, in particular, they say, create the impression that a retailer is offering better values than competitors. "If we don't have the right doorbusters we don't have a good Christmas," said Ron Gregory, district manager for Sears in Chicago.

In Columbus, Ohio, Janet Roads, a 43-year-old public school administrator, said she left the house at dawn to shave a few dollars from the electronics her family covets: an MP3 player for her son and a DVD surround-sound music system for her husband.

In Atlanta, Mesha Mullen, a 23-year-old librarian, recruited six family members to wait in lines outside Target, Best Buy and Wal-Mart. But the plan hit a snag: her sister-in-law did not arrive until 4 a.m., leaving her No. 300 in a line outside of Wal-Mart and unlikely to find any $378 laptops left inside.

"We're all pretty mad about that," Ms. Mullen said.

With the Microsoft Xbox 360 video game system sold out at dozens of chains - "No more Xbox! I repeat, none!," one Toys "R" Us employee shouted all morning - consumers turned to the season's remaining must-have toys: Dora the Explorer, the cartoon character whose line of play kitchens and singing dolls has taken the preschool set by storm; Bratz dolls, whose funky clothes and curvy figures have dislodged Barbie from wish lists; and all things LeapFrog, the educational toy maker, whose computerized pen, called the Fly, has become an unexpected hit.

Top sellers for adults this year include cashmere sweaters and scarves and, as in every year in recent memory, electronics. Four major chains advertised a 15-inch L.C.D. flat-panel television on the covers of their circulars, with each jostling for the lowest price. Circuit City won, offering a Polaroid model for $187.99, a penny less than Target.

Craig Johnson, president of Customer Growth Partners, a retail consulting firm, said he watched all morning as consumers carted the bargain TV sets out of Wal-Mart, Best Buy and BJ's Wholesale Club stores. The prices, he said, have finally dipped below the "magic price points" (like $200 for the 15-inch L.C.D.) that have kept the technology out of reach of middle-income consumers.

Dave Perron, executive vice president for merchandising at Staples, said "electronics and digital have been the big sellers." A 19-inch Samsung L.C.D. computer monitor for $199 and a Hewlett-Packard digital camera for $78 "have done extremely well," he said.

[ This article is two pages long. To read the rest of the article go here (http://www.nytimes.com/2005/11/26/business/26retail.html?pagewanted=2&th&emc=th). ]
Celtlund
26-11-2005, 15:37
I have found the perfect way to spend the morning after Thanksgiving. I slept until after 8 AM, had some juice while the coffee brewed, and checked out NS.
That's a hell of a lot more sane than standing in the cold for hours so you can trampel over people to get in the store and fight for the thingambob you think you need.
Safalra
26-11-2005, 15:41
If there's such huge demand, why do they cut prices so much? It seems to go against economic rationality to cut prices more than you need in order to guarantee a sell-out.
Eutrusca
26-11-2005, 15:41
I have found the perfect way to spend the morning after Thanksgiving. I slept until after 8 AM, had some juice while the coffee brewed, and checked out NS.
That's a hell of a lot more sane than standing in the cold for hours so you can trampel over people to get in the store and fight for the thingambob you think you need.
No shit! LOL!

How you be dis mawnin', ya old fart? :D
Eutrusca
26-11-2005, 15:42
If there's such huge demand, why do they cut prices so much? It seems to go against economic rationality to cut prices more than you need in order to guarantee a sell-out.
It's to create a "buying frenzy." That's kinda like a shark "feeding frenzy," only with fewer deaths! Heh!
Celtlund
26-11-2005, 15:54
If there's such huge demand, why do they cut prices so much? It seems to go against economic rationality to cut prices more than you need in order to guarantee a sell-out.

They only cut the prices on a limited quantity of specific items The items on 'super-sale' are called loss leaders. It gets lots of people in the store. The store actually looses money on those items but makes it up with the sale of a lot of other items by a large number of people at regular price.
Celtlund
26-11-2005, 15:57
No shit! LOL!

How you be dis mawnin', ya old fart? :D

Doing well thank you and thinking of painting the bathroom later today. Please note the key word thinking.

Later today the wife and I will do our Christmas shopping the sane way. At home with a cup of coffee and the computer. :D
Safalra
26-11-2005, 15:58
They only cut the prices on a limited quantity of specific items The items on 'super-sale' are called loss leaders. It gets lots of people in the store. The store actually looses money on those items but makes it up with the sale of a lot of other items by a large number of people at regular price.
Ah, I see. We had this in Britain a few years ago with the 'Baked Beans Wars' (eventually it became ridiculous, when supermarkets would pay you to take away cans of baked beans - so long as you didn't 'buy' too many in any one purchase). I think the Competition Commision ruled it illegal.
Eutrusca
26-11-2005, 15:59
Doing well thank you and thinking of painting the bathroom later today. Please note the key word thinking.

Later today the wife and I will do our Christmas shopping the sane way. At home with a cup of coffee and the computer. :D
Heh! Wise you are. I don't have anything in particular to do today, other than working on a Website for a friend and taking my dog for a walk. This "retirement thing" is a pretty good racket! :D
Smunkeeville
26-11-2005, 16:00
It isn't too bad here in Oklahoma, it has actually been getting better. I only got hit with baskets 2 times yesterday, and I haven't been punched in like 3 years;)

The further north you go, the worse it is, and the further west the better it is, I remember Black Friday shopping in Arizona one year, it was really mellow, there were 200 free gifts and when the doors opened there were only 50 of us, so it wasn't that bad.
Eutrusca
26-11-2005, 16:01
It isn't too bad here in Oklahoma, it has actually been getting better. I only got hit with baskets 2 times yesterday, and I haven't been punched in like 3 years;)

The further north you go, the worse it is, and the further west the better it is, I remember Black Friday shopping in Arizona one year, it was really mellow, there were 200 free gifts and when the doors opened there were only 50 of us, so it wasn't that bad.
"Us?" :eek:

Smurkee! Tsk! :p
Celtlund
26-11-2005, 16:05
It isn't too bad here in Oklahoma, it has actually been getting better. I only got hit with baskets 2 times yesterday, and I haven't been punched in like 3 years;)

The further north you go, the worse it is, and the further west the better it is, I remember Black Friday shopping in Arizona one year, it was really mellow, there were 200 free gifts and when the doors opened there were only 50 of us, so it wasn't that bad.

Perhaps people get more sane the further West you go as long as you don't go as far West as California. :eek:
Daein
26-11-2005, 16:05
I have found the perfect way to spend the morning after Thanksgiving. I slept until after 8 AM, had some juice while the coffee brewed, and checked out NS.
That's a hell of a lot more sane than standing in the cold for hours so you can trampel over people to get in the store and fight for the thingambob you think you need.

I do that...'cept it's til 1 PM, and I wait for my precious thingambobs to be shipped to me.
Gymoor II The Return
26-11-2005, 16:12
Perhaps people get more sane the further West you go as long as you don't go as far West as California. :eek:

Yes. Us Californians are properly insane. Being too sane or common sensical demonstrably leads to tragedy.

But yeah, we're only the richest state in the country. We must be doing something wrong.
Smunkeeville
26-11-2005, 16:19
Perhaps people get more sane the further West you go as long as you don't go as far West as California. :eek:
They are just more mellow, I think.


Any Black Friday shopper that has been around for any amount of time knows there are places you just don't go. (wal-mart at opening, any electronics stores ect.)

the trick is to go early Thanksgiving week and find stores that have what you want on super-sale and then find a store that has the exact same thing that price matches, and then go buy it there.

If everyone is decending on the Best Buy for a $5 memory card that retails at $50 and you can hit the Walmart (after the first 20 min of crazyness) and get it for the same price without the hassle, then you are doing great right?

I only go to the stores I have to (Sears - free $10 gift card, Target- Furby's 1/2 off)

Walmart hasn't had anything worth the trouble for on sale since pre-9/11 and if they did, they are opened 24 hours here, so I could just go load it into my basket, walk around for a few hours and then head to the register when the sale starts (6a) and pay for it then, most of the time though, they put the prices in the register the night before, so I can get something for it's 6-11 sale price the night before, and miss the crazy rednecks all together. :D
Wernher Von Braun
26-11-2005, 16:28
But yeah, we're only the richest state in the country. We must be doing something wrong.

Not per capita. Your only so rich because you have so many people. Compared to the north east, you're actually quite impoverished.
Isolationist People
26-11-2005, 17:26
To me, hearing about the sheer massive amounts of people that do this amazes me! Friggen get on a computer and buy the stuff that way! But I also realize that some people do this to save money because they don't have much to begin with anyway, and will do what they can to save money. Its the better off people mobbing each other that I don't understand.


On a better note (for me at least), I shopped Wednesday in Old Town Sacramento. Not many people there, got some things on sale, and already have my dad, mom, and sister taken care of. Beat that suckers!!1!! :D
The Jovian Moons
26-11-2005, 17:35
Yay Capitalism! And hail the God of capitalism, Santa!