Black Friday discounts aren’t really discounts, the big retailers are just playing on the psychology of a typical consumer by getting them to buy products on inflated discounts. These 13 facts reveal far more than that.
Black Friday is an informal name for the day following Thanksgiving Day in the United States, the fourth Thursday of November, which has been regarded as the beginning of the country's Christmas shopping season since 1952.
These are the 10 most eye-opening facts about the capitalistic shopping fest.
Source = "Jerry Bailey"
The Store Traffic Declines Stabilize Over Black Friday Weekend because of the unnecessary holiday shopping that consumers do in fear of missing out on pseudo good deals.
Shoppers are now not just browsing on mobile, they’re buying a lot because they can. Without even leaving the comfort of their sofas.
Some deals may seem like the deals of the century but in reality these discounted products are just some old products with inflated prices and higher seeming discount.
The place known as paradise attracts less people than the trampling capitalistic fest of Black Friday.
Walmart alone lured 22 million customers on the thanksgiving day compared to a handful amount of 18.5 million/year visitors of Disneyland Florida.
A horde of Black Friday shoppers crushed a Walmart employee to death as they smashed through the front doors. Cops trying to perform CPR were also trampled on by the crowd hunting steep discounts.
In the past 10 years, seven deaths and 98 injuries have been attributed to Black Friday, Black Friday Death Count reports.
The so-called Black Friday Starts as early as wednesdays in some part of the western countries. The craze of the shopping fest has traveled overseas where people not even celebrate Black Fridays.
To every shopper’s surprise the items of regular needs sell as much as the heavily discounted cheap electronics and gadgets. It even surprises the retailers that the Black Fridays are majorly the days of electronics but Pajamas.
The Saturday before the Christmas is bigger of a shopping day than the world-famous Black Friday. Infact, for the retailers its so big a day, they call it Super Saturday.
Some products advertised at deep discounts on Black Friday are what’s known as “derivative products”. These items are made by the same manufacturer that look almost like the standard model but with a few very important differences. (11.1)
Consumer Reports highlighted derivative electronics in a 2009 investigation and found that these products are generally manufactured more cheaply, sometimes with less-expensive components, and that they are generally missing a few features present on the standard models.
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