I’m not sure how anyone else out there is feeling but I can say it’s pretty darn grim at our house. In past years, Black Friday (the day after Thanksgiving) has been a bonanza for retailers and consumers with deep discounts and super savings.
According to a new survey out, 37-41% of people surveyed said they will shop on Black Friday, but expect their overall purchases or ‘spend’ to be a lot less than in prior years. How much less? The average shopper will spend $546 this as compared to $637 last year.
What isn’t in the study is the number of shoppers buying at places other than retailers surveyed and reporting. There are hidden numbers – such as purchases made on Craigslist and sites like Etsy. I’ve spent $37 so far for Christmas – on eBay. I’m trolling Craigslist for certain second-hand items as well. Sure, I’ll probably spend a little in the traditional stores, but selectively and with a great deal of hesitation.
For those of you who are hitting the stores, The Wallet has a great article on saving your receipts for potentially more savings if retailers slash prices even further during the holiday shopping season.