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Filed under: iMBA, Inc. | Tagged: black Friday, business, digital marketing, marketing, shopping | Comments Off on BLACK FRIDAY: History and Economics
DEFINED
By Staff Reporters
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Travel Tuesday, also known as Travel Deal Tuesday, is a marketing term for e-commerce transactions occurring on the Tuesday after Thanksgiving in the UJSA. It originated in 2017, when Hooper, an online flight marketplace, realized that the Tuesday after Thanksgiving was profitable for consumers to book flights. It is mainly a United States-based phenomenon. However, some overseas companies do recognize the holiday.
In 2017, Hopper, an online flight marketplace, created Travel Tuesday after realizing that in the post-Thanksgiving shopping period, the Tuesday after Thanksgiving was the most profitable time for consumers to book flights. Since then, major airline providers such as Orbitz, Travelocity and and Cheap Tickets have recognized the holiday. However, outside the United States, the holiday is rarely celebrated.
In 2018, Hopper stated that for them, the day offered the highest airfare sales in 2017, also noting that compared to Cyber Monday and Black Friday, fares were somewhat cheaper. In 2022, flight sales because of Travel Tuesday were thrice as much compared to the sales in the rest of the post-Thanksgiving period.
Note: From Wikipedia, the free encyclopedia
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Filed under: Funding Basics, Glossary Terms, LifeStyle | Tagged: black Friday, cyber monday, e-commerce, travel, travel deal tuesday, travel tuesday, travel-deals, travel-tips, tuesday | Leave a comment »
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As first reported in the Forbes “Entrepreneurs” column on December 3rd, 2013: “Cyber Monday, the online counterpart to Black Friday, has been gaining unprecedented popularity – to the point where Cyber Sales are continuing on throughout the week.”
In fact, Peter Greenberg, Travel Editor for CBS News, further advises: “If you want a real deal on Black Friday, stay away from the mall. Black Friday and Cyber Monday are all part of Cyber Sales Week …
CITE: https://www.r2library.com/Resource/Title/0826102549
And so, Cyber Monday isn’t over yet for this year 2024: It’s morphed into Cyber Week, the actual final iteration of sales during the Black Friday-Cyber Monday discount season of 2024. A substantial number of retailers are maintaining their Black Friday-level discounts through today and some through tomorrow and the entire week.
Yes-Cyber Week is a real thing, so got for it. Buy it! Charge it!
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Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, Glossary Terms, Investing, LifeStyle | Tagged: black Friday, CBS News, cyber monday, cyber sales week, cyber week, discount, discount sales, Forbes, marketing, Peter Greenberg, sale, sales, shopping | Leave a comment »
By Staff Reporters
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Champion small businesses nationwide and #ShopSmall on Saturday, November 30th, 2024.
Now more than ever, small businesses need our support. Please join SBA and organizations across the country as they celebrate small business contributions to their communities by shopping at a small business on November 30th, Small Business Saturday.
Small Business Saturday was founded by American Express in 2010 and officially cosponsored by SBA since 2011. It is an important part of small businesses’ busiest shopping season.
Since 2010, the total reported U.S. spending at small businesses during the annual Small Business Saturday is an estimated $201 billion
More: https://www.sba.gov/about-sba/organization/sba-initiatives/small-business-saturday
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Filed under: "Ask-an-Advisor", Experts Invited, Funding Basics, Glossary Terms, LifeStyle | Tagged: American Express, black Friday, Small Business Saturday, small-business, WIPP, Women Impacting Public Policy | Leave a comment »
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If Black Friday 2024 is anything like 2023, retailers may not be swimming in cash while shoppers bathe in savings. Black Friday deals drew 212 million shoppers to stores in fabulous 2010 and collectively spent $39 billion on products and services.
And, the average amount spent by a Black Friday shopper in 2010 was a whopping $365.34.
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Assessment
We predict Black Friday 2024 sales surpass 2023 with a slight increase over 20222 because of fewer shopping days; and the COVID pandemic explosion..
QUESTION: But, is Black Friday good for the [healthcare] economics sector post [thu] the pandemic? Do patients go shopping rather than to the doctor? What about inflation?
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Conclusion
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Filed under: "Ask-an-Advisor", Accounting, Financial Planning, Funding Basics, Health Economics, Investing, Practice Management | Tagged: black Friday, black Friday 2024, black Friday retailers, consumers, economy, physicians | 7 Comments »
By Staff Reporters
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Black Friday, one of the biggest shopping days of the year, is a half day for the stock market. Both stock exchanges close at 1:00 p.m. ET, with eligible options trading until 1:15 p.m. Normal trading hours resume on the Monday after Thanksgiving, also known as Cyber Monday, when many online retailers host major sales.
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DEFINITION: Reverse logistics—or the supply-chain processes of returns—is a little-known but rapidly growing sector of the economy that’s booming alongside the rise in online shopping that started during the pandemic.
Now, as retailers crack down on returns to avoid hearing another “it was broken when I got it” excuse, some companies are counting on you to send your holiday gifts back. A “reverse logistics” industry has sprung up in recent years to take advantage of the more than $300 billion in returns Americans make every holiday season.
Established companies see potential in reverse logistics as well. Last year, Uber launched a feature enabling drivers to pick up your packages and bring them to a returns center. Meanwhile, UPS, whose returns business has grown 25% since 2020, recently acquired the startup Happy Returns.
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Filed under: "Ask-an-Advisor", Alternative Investments, Funding Basics, Glossary Terms, Investing, LifeStyle, Mortgage Electronic Registry System | Tagged: black Friday, Fannie Mae, happy returns, inflation, loop returns, Marcinko, markets, mortgage rates, mortgages, SCM, supply chain management | Leave a comment »
By Staff Reporters
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Black Friday is a colloquial term for the Friday after Thanksgiving in the United States, that is the Friday after 28th November. It traditionally marks the start of the Christmas shopping season in the United States. Many stores offer highly promoted sales at discounted prices and often open early, sometimes as early as midnight or even on Thanksgiving. Some stores’ sales continue to Monday (“Cyber Monday“) or for a week (“Cyber Week“).
Occurring on the fourth Friday in November unless November 1st is a Friday (in which case it’s the fifth Friday), Black Friday has routinely been the busiest shopping day of the year in the United States since 2005.
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Filed under: Glossary Terms, LifeStyle | Tagged: Black, black Friday, thanksgiving | 1 Comment »
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Many wanted to discount Black Friday this year, but discounts only made it stronger. Despite analysts’ tepid outlook, the shopping holiday generated a record $9.8 billion in online sales in the US, a 7.5% increase over a year ago, according to Adobe Analytics
Here is where the major benchmarks ended the month:
The S&P 500 has had a sensational month—up nearly 8.7%. It’s one of the best Novembers on record. Since 1928, the S&P has gained more than 8% in November fewer than 10 times, per Bloomberg.
CITE: https://www.r2library.com/Resource
And, don’t expect things to slow today—Adobe predicts a record $12 billion in sales on Cyber Monday, a 5.4% increase over last year and the biggest online shopping day in US history. Retailers are set to cut prices by 30% on electronics, one of the biggest sales drivers over the past week.
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Filed under: Accounting, Alerts Sign-Up, Alternative Investments, Experts Invited, Financial Planning, Funding Basics, Glossary Terms, Investing, LifeStyle, Marcinko Associates, Media Mentions and PR, Touring with Marcinko | Tagged: black Friday, Bloomberg, cyber monday, DJIA, inflation, Marcinko, markets, NASDAQ, retailers, Russell Index 2000, RUT, S&P 500, stock markets | Leave a comment »
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Elevated mortgage rates are set to keep sellers of previously owned homes out of the market heading into next year, but sales will “bottom out” in early 2024, Fannie Mae said this week, before a rebound the following year.
CITE: https://www.r2library.com/Resource
Mortgage rates hovered near 8 percent as recently as October, the highest level it has hit since the turn of the millennium, which has scared used homeowners from selling their homes as many prefer to stay in lower rates secured in years past. This “lock in effect,” as Fannie Mae analysts describe it, has added to a depleted supply of homes available for buyers and helped push up prices.
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Filed under: "Ask-an-Advisor", Alternative Investments, Experts Invited, Financial Planning, Funding Basics, LifeStyle, Taxation | Tagged: black Friday, elevated mortgages, Fannie Mae, home costs, home mortgage, home prices, house costs, house mortgage, mortgage, mortgage rates, mortgages | Leave a comment »
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On ground and On line shoppers didn’t let concerns about higher prices or a recession keep them from a record-setting this Black Friday.
Consumers spent a record $9.29 billion while online shopping yesterday, Black Friday, according to Adobe Analytics which tracks more than 85% of the top 100 U.S. online retailers. That’s an increase of 2.8% over a year ago – surpassing the previous online Black Friday sales high mark of $9.03 billion in 2023.
Nearly half (48%) of online sales were made over smartphones, up from 55% last year, according to the company’s 2023 Holiday Shopping Trends & Insights Report.
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Filed under: "Ask-an-Advisor", Accounting, Breaking News, Financial Planning, Funding Basics, Glossary Terms, LifeStyle, Taxation | Tagged: Adobe, Adobe Analytics, black friady, black Friday, Green Friday, Greenish on Black-Friday, Holiday Shopping Trens & Insights Report, onground shopping, online shopping | Leave a comment »
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Filed under: Breaking News, Health Economics, Healthcare Finance, Investing | Tagged: bear, bear market, bear markets, black Friday, covid, economy, Investing, omicron, pandemic | 1 Comment »
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