Page 4 - Aruba Today
P. 4

A4

U.S. NEWSFriday 27 November 2015

Holiday shoppers get a head start on Thanksgiving 

Shoppers walk in front of a holiday display in San Francisco. Black Friday used to kick off the holi-                        A. D’INNOCENZIO                 still rank either No. 1 or No.
day shopping season, but now that day has taken a backseat to Thanksgiving Day. Still, retailers                             AP Retail Writer                2 in sales for the year.
have settled into times that don’t interfere with the turkey feast.                                                          NEW YORK (AP) — Black           The National Retail Federa-
                                                                                                                             Friday used to kick off the     tion estimates about 135.8
                                                                                             (AP Photo/Marcio Jose Sanchez)  holiday shopping season,        million people will shop
                                                                                                                             but now that day has tak-       this weekend, compared
                                                                                                                             en a backseat to Thanks-        with 133.7 million last year.
                                                                                                                             giving Day. Still, retailers    The trade group expects
                                                                                                                             have settled into times that    about 30 million to shop on
                                                                                                                             don’t interfere with the tur-   Thanksgiving, compared
                                                                                                                             key feast.                      with 99.7 million on Black
                                                                                                                             After opening earlier and       Friday.
                                                                                                                             earlier on the holiday, this    Overall, the group expects
                                                                                                                             year, most of the more          a 3.7 percent increase to
                                                                                                                             than a dozen major retail-      $630.5 billion though the
                                                                                                                             ers like Macy’s, Target and     growth is much higher than
                                                                                                                             Kohl’s are sticking with their  the 10-year average of 2.5
                                                                                                                             5 p.m. or 6 p.m. Thanksgiv-     percent.
                                                                                                                             ing openings.                   But grabbing those dollars
                                                                                                                             One big exception: J.C.         will be tough. While over-
                                                                                                                             Penney, which is opening        all economy has been im-
                                                                                                                             two hours earlier at 3 p.m.     proving, shoppers remain
                                                                                                                             on the holiday. Staples has     tight-fisted. Unemployment
                                                                                                                             reversed course and will        rate has settled into a
                                                                                                                             close on the holiday. And       healthy 5 percent rate, but
                                                                                                                             sporting goods chain REI,       shoppers still grapple with
                                                                                                                             which was always closed         stagnant wages that are
                                                                                                                             on Thanksgiving, is bowing      not keeping pace with ris-
                                                                                                                             out of Black Friday too.        ing costs for things like rent.
                                                                                                                             Still, stores aren’t waiting    Stores are also contending
                                                                                                                             around to push discounts        with an increasing shift to
                                                                                                                             on holiday goods until the      researching and buying
                                                                                                                             official weekend. Increas-      online.
                                                                                                                             ingly, they’ve been dis-        In response, Wal-Mart and
                                                                                                                             counting holiday merchan-       Target will be making all of
                                                                                                                             dise earlier in the month. In   the deals available later
                                                                                                                             fact, according to the Na-      in the stores online Thanks-
                                                                                                                             tional Retail Federation, the   giving morning. New this
                                                                                                                             nation’s largest retail trade   year at Target: Shoppers
                                                                                                                             group, nearly 60 percent        who spend $75 or more
                                                                                                                             of holiday shoppers have        on Friday will receive a 20
                                                                                                                             already started holiday         percent discount to use to-
                                                                                                                             shopping as of Nov. 10.         ward a future purchase on
                                                                                                                             That should take a bite out     any day between Dec. 4
                                                                                                                             of the sales this weekend,      and Dec. 13.
                                                                                                                             though Black Friday should      Saks Fifth Avenue pulled
                                                                                                                                                             up its Black Friday sale
                                                                                                                                                             to Wednesday to get a
                                                                                                                                                             jump start to the holiday
                                                                                                                                                             shopping season. Gerald
                                                                                                                                                             Storch, CEO of Hudson’s
                                                                                                                                                             Bay Company, which also
                                                                                                                                                             operates Lord & Taylor,
                                                                                                                                                             said the deals at the stores
                                                                                                                                                             are even more aggressive
                                                                                                                                                             than last year and include
                                                                                                                                                             a $75 gift card with a $150
                                                                                                                                                             in-store purchase.
                                                                                                                                                             Storch told The Associated
                                                                                                                                                             Press that the luxury chain
                                                                                                                                                             considered, and then re-
                                                                                                                                                             jected, opening on Thanks-
                                                                                                                                                             giving, but it still wanted to
                                                                                                                                                             do something special for its
                                                                                                                                                             customers.
                                                                                                                                                             “It’s a calm alternative to
                                                                                                                                                             Black Friday,” said Storch,
                                                                                                                                                             referring to the Wednes-
                                                                                                                                                             day store sale.q
   1   2   3   4   5   6   7   8   9