Black Friday deals lure some early U.S. shoppers, many buy online

The period between the U.S. Thanksgiving holiday and Christmas can make or a break a retailer, accounting for as much as 40 percent of total revenue for the year. The day after Thanksgiving is traditionally when retailers offer “doorbuster” deals attracting frenzied bargain hunters.There was little sign of frenzy early on Friday.

About 250 people line up patiently at a Target Corp store in Manhattan before it opened at 6 a.m. (1100 GMT).Tricia Welch, 36, a customer service executive at a bank, stood in line for about an hour before getting into the store.“There are definitely more discounts available through the year now than say four to five years ago … we only buy electronics or appliances on Black Friday.”Miguel Flores, 43, an overnight security guard, visited the store after his shift ended.“I mostly shop online but decided to drop in because I haven’t been to a store in a long time,” Flores said. “I bought some video games for my nephew a few days ago. The deals were pretty good then, too. In fact I was just looking at some of them today and the deals are similar.”Enticing shoppers with deals this Black Friday is especially important for brick-and-mortar retailers given the continued switch to online shopping, which has forced chains such as Toys R Us, apparel retailers True Religion, The Limited, Rue 21 and off-price retailer Payless Shoe Source to file for bankruptcy this year.Major retail companies including Wal-Mart Stores Inc , Target Corp, Macy’s Inc and J.C. Penney opened their stores on Thursday evening and most have been offering extended holiday deals online starting as early as October instead of limiting them to one day. Some started offering in-store deals earlier this week to whet shoppers’ appetites.U.S. shoppers had spent more than $1.52 billion online by Thanksgiving evening, a 16.8 percent year-over-year increase in online spending, by 5 p.m. (2200 GMT) on Thanksgiving, according to Adobe Analytics, which tracked 80 percent of online transactions at the top 100 U.S. retailers.

Related Posts

Asian shares down as Alibaba’s slide reignites China worries

That saw the region lag a solid Wall Street performance overnight, with MSCI’s broadest index of Asia-Pacific shares outside Japan off 0.44% and set for a weekly…

Avon named founding partner of British Beauty Council

Launched at the end of last year as a non-profit organisation akin to the British Fashion Council, the new British Beauty Council aims to represent the voice,…

Fragrance sales in UAE to be worth $685 million in 2023

Consumers in the UAE, a federation of seven emirates including Dubai, Abu Dhabi and Ajman, are major lovers of perfume, and are especially fond of fragrances featuring…

Historic $2.2 trillion coronavirus bill passes U.S. House, headed to Trump

The massive bill also rushes billions of dollars to medical providers on the front lines of the outbreak. Republican President Donald Trump said he would sign it…

Keeping the thread alive at a Vietnam silk village

The village in Nam Dinh province, two hours south of the capital Hanoi, is nearing the end of silk production season.Dozens of workers, mostly women, in the…

Coty says new Gucci fragrance is greener than ever using advanced tech

The just-launched scent is the latest fragrance in Gucci’s The Alchemist’s Garden collection that’s inspired by the art of alchemy. It uses innovative CarbonSmart alcohol from Coty’s partner LanzaTech…