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As consumers have been cutting down their spending, retailers have been hoping the holiday season will pick up. Many businesses are slashing prices in anticipation of big Black Friday sales tomorrow. One item that's marked down: Flat-pangel high-def TVs. J&R Music World told USA Today, "There's an oversupply in the market, and big TVs are what consumers want more than anything else, so they're being priced aggressively." At Best Buy, a 50-inch Panasonic plasma is $899, down from $999, but "only 10 units will be available per store, and you need a 'ticket' to purchase it"; tickets are first-come, first-serve when the store opens...at 5 a.m., though some tickets are being handed out at 3 a.m.! And Amazon.com is slashing pricing online. Some stores were even open today to get a jump on business. One shopper told the Daily News, "I'm super looking for bargains.
I'm only shopping for things that are discounted. Nothing full price."
Stores Hope for Big Black Friday Sales
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Yeah, because at $899 the flat screen TV is so much more affordable! Not.
These sales are only meaningful if you've still got a job.
for how long can you even live in this city if you don't have a job? heck, i can barely afford to live here and i have a (to my eyes) stable job.
maybe if there's a spouse/partner making some money.
i'm hoping for some good ipod deals because mine is its deathbed
i like the ginger chicks
the circuit city around the block has a line of about 50 people currently and the kb toys has about 100! people are crazy!!
It doesn't look good for retailers. Not only are people hoarding cash or just not spending it, banks are cutting everyone's credit limits out of fear cardholders will lose their jobs, even if they have great credit.
I would expect to see a frightening number of stores go under in January...the banks are just keeping them open for the holidays to wring as much cash as possible out of them.
Our banking system as we know it is unsustainable at it's current level. There is a glut of consumer goods and services. There are way TOO many restaurants and retail outlets in Manhattan alone. The idea of people paying more than half their monthly wages for rent is an obscene commonplace, and the level of indebtedness and taxation is grotesque.
This country has been way too focused on consumption for too long. I have a great job but my apetite for spending has really waned. It's frustrating, because my kids want reasonable stuff for the holidays, and they're really good kids, but there's so much uncertainty creating stress and apprehension. It does us good to spend less time and money shopping for the sake of shopping, shopping because our collective low self esteem needs to see us walking with shopping bags to feel good about ourselves. Well, it does us good unless we work in retail. If that's you, sorry.
And I want one of them big TVs, like 300 or 400 inches of plasma. Yeah, that's the stuff.
thank the lord I ain't christian. the best part of being a heathen is that I don't need to send christmas cards
for how long can you even live in this city if you don't have a job? heck, i can barely afford to live here and i have a (to my eyes) stable job.
maybe if there's a spouse/partner making some money.
Well I think you basically they milk the unemployment insurance if they can, then either move in with other people until back on their feet, or leave the city for new opportunities. I would think a majority of people in this city live month to month with no savings to coast months with no work.
Yesterday Afternoon, I drove past a Best Buy in Rockville,Md, there were at least a dozen people camped out in front of the store. What an awful way to spend Thanksgiving.
I know a guy who owns a Mercedes Benz dealership. He tells me people do buy them for Christmas gifts.
so those car ads do work, if you're ultra rich.
it's funny, but all the stuff you can get at bestbuy you can get at amazon this morning with free shipping. It took me 15 minutes of non-hassle free shopping. LOL at all the suckers who are waiting on line at BB for scraps.
Coming home from Thanksgiving dinner last night in a taxi at 11PM, we saw about 30 people camping out in front of the Best Buy just north of Houston. Really? For an $899 TV? Idiots.
Trains were strangely empty this morning. I was expecting at least some crowds, but nope. So I was surprised to see the huge line of people outside of J&R this morning down near City Hall.
Found pic here: http://flickr.com/photos/rnyk/3065215791/
Regarding HDTVs, the only Friday sale I saw that was really worthwhile seemed to be at P.C. Richards. Every other one is advertising prices that you can always get on sites like Newegg.com and Abes of Maine. And on those sites you're not paying for tax or delivery and you don't have to haul home a big heavy box. Abes of Maine will also throw in a free wall mount, so why go to a store?