Black Friday deals are present, but not shoppers
With the Thanksgiving turkey digested, shoppers were expected to turn out in record numbers to shop for Black Friday deals. However, with inclement weather, thin crowds were seen outside stores on what has historically been the busiest shopping day of the year.
“Only about 20 people have come through self-checkout so far,” said Jimena Silva, a Target employee in Raleigh, North Carolina, which witnessed heavy rains between 6 am and 8 am on Friday.
Silva, 23, said that she’s seen more customers visit the store in previous years but expects foot traffic to increase later in the day.
According to the National Retail Federation, an estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, almost 8 million more than last year.
But with sporadic rain in some parts of the country, stores were less busy than usual on Black Friday morning. At Times Square in New York City, which was cloudy with occasional light rain, employees were seen waiting inside stores for crowds that so far had not arrived.
Outside the American Dream mall in East Rutherford, New Jersey, there were no lines outside stores. A ToysRUS employee was seen walking around the mall handing out flyers with a list of the Black Friday doorbusters.
However, those who did make it to the mall were surprised at the deals on offer.
“There’s a lot of deals that weren’t advertised. Some of the stores, I got 50% off everything I bought,” said Christine Chavez, 45, from Monmouth County, New Jersey. She added that she is primarily gift shopping and picked up items from Victoria’s Secret and Torrid.
“I was hesitant to come to the mall, and I have to say I’m pleasantly surprised. Retailers offer steep discounts online and in-store, which may pinch profit margins in the fourth quarter.
Average online discount rates on Thanksgiving Day in the United States were 29%, up 6% from a year ago, according to data from Salesforce, helping drive sales up 3% to $7.1 billion.
Walmart has ramped up marketing for a holiday, purchasing ad space on Twitter and Instagram, during National Football League games, and on billboards near New York City’s Penn Station to get customers to shop early and frequently ahead of Black Friday.
Rival Amazon was also offering a plethora of deals on its marketplace, including up to 42% off on Roomba vacuum cleaners, 45% off on Calvin Klein men’s T-shirts and up to 50% off on Chromebooks from Lenovo, HP, Acer, and ASUS.
But the online retailer may have bigger things to worry about as workers at Amazon sites worldwide, including in the United States, Germany, and France, were urged to strike on Black Friday with calls for better pay.
Americans, especially from low-income households, are expected to pull back on holiday shopping this year as inflation and higher energy prices pinch their spending power.
A survey of nearly 1,700 U.S. consumers by S&P Global Market Intelligence shows that 26% of respondents want to spend less this holiday season, and 66% say they will spend roughly the same amount as last year. Only 7% say they will spend more.