NEW YORK (AP) — Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements. But executives are growing concerned with a spending slowdown that could temper sales on the day after Thanksgiving as well as throughout the holidays. Executive Summary: This report explores consumer behavior and trends surrounding the Thanksgiving and Black Friday holiday shopping events based on the November 2024 Prosper Insights & Analytics survey (n=8,135). Key insights include: Shopping Participation: 3% of adults plan to shop during Thanksgiving weekend; 39.1% “definitely” and 35.2% “maybe.” Planning to shop has grown at an […] Black Friday was once a hallmark celebration of American consumerism. Lately, it has lost some of its thunder. It’s true that shoppers looking for big discounts can still line up early at... PARIS (AP) — People don’t celebrate Thanksgiving in France, or Russia, or South Africa – but they do shop on Black Friday. The U.S. sales phenomenon has spread to retailers across the world... Not long ago, Black Friday didn’t even have a name; by 2019, the signature kickoff event of the Christmas shopping season had bled into Thanksgiving itself. Thus Walmart, Sears, Dick’s... Stores wouldn’t open at 4 a.m. on Black Friday, but at the more reasonable hour (relatively speaking) of 6 a.m. While prices would be good, there would be no coupons or absurd, over-the-top ... They're also weakening the case for opening as early as 4 p.m. on Thanksgiving, ruining a cherished holiday for hundreds of thousands of retail workers, and gradually turning a day of thankfulness and loved ones into one colored by frenzied mall shopping. On Thanksgiving Day, with most stores closed, shoppers turned to their computers, spending $5.6 billion online Thursday, up 5.5% from last year and nearly twice as much as the $2.87 billion that... Black Friday has caused Thanksgiving to degenerate from a venerated holiday into crass materialism. Major retail giants have contributed to this trend through marketing campaigns, sales promotions and special offers, luring people away from traditional holiday activities and into their stores.
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