rightwinger
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- Aug 4, 2009
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Thanksgiving is cut short this year by almost a week.
Last year Thanksgiving was on Nov. 22.
This year it's on Nov. 28.
So yes in this case.
Businesses are cut short by almost a week, yes that cuts deeply into profits, especially in a slow economy like we are in now.
It's about businesses survival.
Nothing wrong with Family celebrating the Holiday and later going out to get good bargains for Christmas.
Shopping by consumers is also cut short this year.
How does a shorter Christmas season cut into profits?
If I have $1000 to spend on ten people for Christmas I am going to spend that money whether the shopping period is three or four weeks
If there is extra time to shop, I don't spend more money
A one day jump ahead of black Friday sales helps in sales.
Black Friday is the day after Thanksgiving, November 29 2013, and the busiest shopping day of the year. It kicks off the critical holiday season, where retailers make between 20%-40% of their annual revenue.
Last year set a record, as 89 million people either went to stores or shopped online, up from 85 million in 2011. During the three-day Black Friday weekend, 247 million people shopped, more than the 226 million the year before. Surprisingly, 35 million shopped on Thanksgiving Day itself, up from the 29 million who did so in 2011.
On average, each shopper burned through a record $423, more than the $398 he or she spent in 2011. In total, they spent $59.1 billion, up from the $52.4 billion spent in 2011, and 16% more than Black Friday 2010.
Still doesn't answer my question
If stores make 20-40% of their revenue on Black Friday, they will make that money whether it is a three or four week shopping season. There is still a day after Thanksgiving
If I have ten people on my Christmas shopping list, I will buy ten presents regardless of how many days are between Thanksgiving and Christmas