The Numbers behind Black Friday

BLACK FRIDAY BY THE NU MBERS why is it called 'Black Friday? MYTH: Black Friday refers to retailers 'getting into the black' and finally starting to turn a profit for the year. 1960's Philadelphia, PA: "Black Friday' was coined by police referring to the day fans poured into the city for the traditional Army vs. Navy football game after Thanksgiving, causing no end of trouble for them. A-N VS In the 1980's, storeowners spun the term to refer to making profits, in order to change the negative association with their most profitable shopping days. number of shoppers 2011 2012 shopping by entire 8 pm 226 million 247 million weekend Thurs. 10% 86 12 am Black 89 Fri. million Friday million 28% total consumer spending $59 billion Выя $52.4 billion $45 billion $365 $398 $423 per per per 2010 16%, 2011 13%, 2012 online spending Black Friday $1.042 b Thanksgiving Day $816 m $648 m $595 m $633 m $407 m $479 m $318 m 2009 2010 2011 2012 Cyber Monday 2012 2011 $1.47 b 2010 $1.25 b 2008 2009 $1.03 b 2007 2006 $846 m $887 m $730 m $610 m 20%, 16%, 5% 16%, 22% 17%, how does it vwork? a retailer purchases inventory from a manufacturer buy for: $500.00 normal business day Black Friday sell for: sell for: $1,000.00 $750.00 number sold: number sold: 10 profit: $5,000.00 The lifespan of modern consumer technology grows ever shorter; sales quickly diminish when new products are released. 50 profit: $12,500.00 2013 forecast Look for big deals and discounts on the following types of products Android phones free w/contract and/or store gift cards 55" and 3D LCD TV's for around $425 Big online discounts on specific clothing/shoes that stack with 10-30% off large appliances, $10 small appliances site-wide deals 10-15% off most products at Apple retailers, with gift card incentives at larger resellers brought to you by ACCOUNTING-DEGREE.ORG http://finance.yahoo.com/blogs/breakout/black-friday-weekend-numbers-121931083.html http://www.statisticbrain.com/black-friday-yearly-spending/ http://eleventygroup.com/site/2012/11/26/8-black-friday-stats-about-consumer-shopping-spending-and-clicking/ http://www.nrf.com/modules.php?name=News&op=viewlive&sp_id=1462 http://www.comscore.com/Insights/Press_Releases/2012/11/Cyber_Monday_Spending_Soars_to_1.46_Billion http://latimesblogs.latimes.com/money_co/2010/11/big-black-friday-weekend-results-212-million-shoppers-and-45-billion-spent.html http://money.cnn.com/2012/11/25/pf/black-friday-sales/ http://news.yahoo.com/blogs/upgrade-your-life/black-friday-deals-%E2%80%93-earlier-than-ever-140434470.html designed by: kingworks creative