US stores far from overwhelmed as Black Friday sales begin

Popularity of Black Friday has been on the wane over past couple of years as more stores open earlier and online retailers offer Black Friday-type deals year-round

Photo: Reuters
<b>Photo: Reuters</b>
Reuters
Last Updated : Nov 25 2016 | 9:44 PM IST
Faith Ruggieri, standing in the damp and chilly night air outside a Walmart in Providence, Rhode Island on Black Friday, represented a hopeful sign for traditional retailers squeezed by online rivals such as Amazon.com Inc.

The mother of two hoped to buy Pyrex dishes for her 20-year old daughter, who is about to move into her first apartment.

Sure, she says, she could have bought online. But brick-and-mortar retailers offer instant gratification, making it worth her while to turn out at 1 am along with hundreds of other shoppers to look for bargains.

Still, the store was not overwhelmed after the doors opened - a scene replicated across the country on what used to be the biggest shopping day of the year.

Tracy Watkins, a Bed, Bath and Beyond store manager at the Chicago Ridge Mall, said "nobody was busting down the doors at 6 am" as the temperature lurked below freezing.

The popularity of Black Friday has been on the wane over the past couple of years as more stores open earlier - even on Thanksgiving - and online retailers offer Black Friday-type deals year-round.

"It used to be very busy but for the past two years the mornings are not very crazy," said Gina Reynolds, a 39-year old housewife, shopping at a Macy's store in the Water Tower Place Mall in Chicago.

Crowds were also relatively thin at other stores in the mall, including J.C. Penney and Abercrombie & Fitch.

The holiday shopping season, which traditionally and unofficially begins on the day after Thanksgiving, can account for about as much as 40 percent of retailers' annual sales.

The National Retail Federation, which has been overly optimistic with projections in the past, has said it expects sales this holiday season to increase by 3.6% to about $656 billion, mainly due to rise in online shopping.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 25 2016 | 8:45 PM IST

Next Story