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(BBC)   U.S. retailers expect lousy Black Friday as country's economy is essentially in the toilet   (news.bbc.co.uk) divider line 51
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773 clicks; posted to Business » on 23 Nov 2007 at 1:00 AM (7 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2007-11-22 08:51:15 PM  
Toilet? Subby obviously thinks that history started in 1999.

/The economy is nowhere near the toilet. It can get far, far worse than this.
//And it may.
///Let's hope not.
 
2007-11-22 10:01:31 PM  
That's what Libtards want us to think anyway.
Last time I checked the unemployment rate was 4.7%
Must be a pretty small toilet.
 
2007-11-23 01:08:34 AM  
Bildo: Toilet? Subby obviously thinks that history started in 1999.

/The economy is nowhere near the toilet. It can get far, far worse than this.
//And it may.
///Let's hope not.


ndotseth: That's what Libtards want us to think anyway.
Last time I checked the unemployment rate was 4.7%
Must be a pretty small toilet.


Repeat this, over and over again. That's the entire thread. In fact, that's pretty much every thread, ever, about the economy.

//Won't leave the house on black friday, let alone go shopping.
 
2007-11-23 01:08:59 AM  
God damn low flow toilets, that's the real problem here.
 
2007-11-23 01:11:01 AM  
Peak oil for the win. :/

/we're screwed.
 
2007-11-23 01:16:36 AM  
Hm. Maybe that 6am trip to the store won't be so bad after all...
 
2007-11-23 01:23:44 AM  
US economy is mixed, but certainly a fall from our growth in the mid to late 90s.

Two things that will cripple the American economy- oil prices and credit crisis. The unemployment rate is relatively low, but what kind of jobs are being occupied? Unionized manufacturing? No. Try assistant burger flipper at McDonald's or greeter at Wal-Mart.

Maybe there is a silver lining to the grey cloud of weak consumer spending...increase consumer savings? Unlikely, but I'm hoping...
 
2007-11-23 01:27:03 AM  
This won't be that big of a holiday season but in a country where Hanna Montana tickets regularly sell for a few hundred bucks a piece dumb people will continue to buy great mounds of useless crap on credit until their credit is wrecked. It won't be that bad for Walmart. Ho, ho, ho
 
2007-11-23 01:29:55 AM  
t3knomanser: //Won't leave the house on black friday, let alone go shopping.

I havent left the houst on the day after thanksgiving in 15 years and they have done fine without my money.

But since we spend with no regard to when we will pay for it, you can guarantee the stores will be packed tomorrow.
 
2007-11-23 01:34:15 AM  

I still have a problem deciding if the term Libtard is used as a trolling point or as a true misguided belief.


And I like that the health of our economy depends on us being good little Holiday consumers.

 
2007-11-23 01:37:05 AM  
skinink: I still have a problem deciding if the term Libtard is used as a trolling point or as a true misguided belief.

Can't it be both?
 
2007-11-23 02:10:37 AM  
ndotseth: Last time I checked the unemployment rate was 4.7%

You *do* realize that

1) if you so much as peek into those numbers you'll discover that they're so incredibly fudged that you'll need to excise chocolate from the depths of your brow,
2) those numbers can be 'not fudged' and still be an inaccurate representation of the relative quality of the state of employment measured against past data, and
3) even if spot on, a snapshot like % unemployed doesn't even begin to measure the macro health of an economy.

.

oh - you pulled the Libtard card... you don't

CARRY ON
 
2007-11-23 02:11:34 AM  
I'm seriously thinking about sending the FARK admins a nasty email about the basics of internet security. This is inexcusable.

Peak oil myth?
 
2007-11-23 02:15:40 AM  
Join buy nothing day.....
 
2007-11-23 02:29:06 AM  
EVERYONE should leave the house on Friday. The bars are quite empty.
 
2007-11-23 02:36:02 AM  
CavemanCometh: Join buy nothing day.....

I joined back in '00. I only buy consumables on the day after Thanksgiving.
 
2007-11-23 02:37:55 AM  
Dr.Zom: EVERYONE should leave the house on Friday. The bars are quite empty.

Booze is a consumable, and therefore doesn't count for buy nothing day. See you at the bar.
 
2007-11-23 02:39:06 AM  
ramathorn83: The unemployment rate is relatively low, but what kind of jobs are being occupied? Unionized manufacturing? No. Try assistant burger flipper at McDonald's or greeter at Wal-Mart.

Yeah, because more unionized manufacturing jobs are good for employment. (rolls eyes) People flip burgers and greet Wal-Mart shoppers because manufacturing jobs are leaving this country. Guess where the manufacturing jobs are going? The days of $30/hr unskilled and semiskilled labor are over.
 
2007-11-23 02:57:29 AM  
I don't know, I went to Best Buy around 8 PM to check out the line and it was already stretching around the store 100 deep. When I went 2 years ago to get the 360 I got there around 2 AM and was like 10th in line

/Anecdotal evidence FTW!
 
2007-11-23 05:25:14 AM  
ndotseth: That's what Libtards want us to think anyway.
Last time I checked the unemployment rate was 4.7%
Must be a pretty small toilet.


It's still a problem if the many of that 95% are barely making ends meet while in reality not capable of paying back all the loans that put them in the red.

It really doesn't matter if it's "their fault." They are broke and if the amount of them gets too high you will get the hell that is stagflation. Sure, we aren't there yet. But, it is just over the hill if things don't change.

No, I don't know how to fix it. I'm not an economist. Any monkey can see that shiat is about to hit the fan though.
 
2007-11-23 07:38:15 AM  
I like the caption on the photo: "US shoppers appear less willing to spend their money"
News flash to the BBC: we don't spend "our" money. We borrow money from anyone dumb enough to lend it to us, and then spend that.
 
2007-11-23 08:29:17 AM  
The days of $30/hr unskilled and semiskilled labor are over.

true....so is their buying power...
 
2007-11-23 08:48:52 AM  
Here in Raleigh/Durham area you'd think it was rush hour.

Work third shift, trying to get home was a pain in the arse.


/first Fark post
//I like this slashy thing
 
2007-11-23 08:48:53 AM  
ndotseth: That's what Libtards want us to think anyway.
Last time I checked the unemployment rate was 4.7%


There is only one measure of the health of the economy and that is unemployment.
The dollar loosing 50% of its value against the Euro is nothing but statistical noise.
 
2007-11-23 09:08:09 AM  
Muta: There is only one measure of the health of the economy and that is unemployment.
The dollar loosing 50% of its value against the Euro is nothing but statistical noise.



The higher education accrediting agency would like a word with the institution that granted you an economics degree.
 
2007-11-23 09:15:11 AM  
/sarcasm
 
2007-11-23 09:49:17 AM  
Kozaru

ramathorn83: The unemployment rate is relatively low, but what kind of jobs are being occupied? Unionized manufacturing? No. Try assistant burger flipper at McDonald's or greeter at Wal-Mart.

Yeah, because more unionized manufacturing jobs are good for employment. (rolls eyes) People flip burgers and greet Wal-Mart shoppers because manufacturing jobs are leaving this country.

OTOH, you can't easily outsource burger-flippers and Wal-Mart employees -- hence, the service sector is fertile, and relatively safe, ground for a massive unionization effort.
 
2007-11-23 09:51:26 AM  
Muta: /sarcasm

I knew it was sarcasm. Do I get a cookie?
 
2007-11-23 09:54:43 AM  
Kozaru:

Yeah, because more unionized manufacturing jobs are good for employment. (rolls eyes) (. . .)

They turned America an economic superpower.

The days of $30/hr unskilled and semiskilled labor are over.

And this is good for America how?

 
2007-11-23 10:25:40 AM  
Normally, people will blow a wad buying toys for their kids no matter how bad the economy is. This year, all of the toys are from China and have lead paint. Parents may be too worried about safety to buy toys this year. The Almighty Dollar's birthday celebration will be subdued.
 
2007-11-23 10:25:43 AM  
My economy is fine. I have plenty of money, buy (with cash, not credit) what I want/need, etc. INSTANT GRATIFICATION!!!!!!
 
2007-11-23 11:07:01 AM  
Yeah, I'm sure you could hear crickets in the stores this morning at 6 AM.

/We're dumping stuff off at the charity place today
//not going anywhere near a friggin walmart.
 
2007-11-23 11:17:11 AM  
It's true. There were only 5 million people in line at Best Buy this morning at 4 am as opposed to last year's 6 million. Bummer for the economy.
 
2007-11-23 11:21:44 AM  
My wife did the yearly Black Friday rounds and said it was a ghost town for a "Black Friday". Not surprising considering the current economy and I for one am glad people are growing some common sense.
 
2007-11-23 11:41:13 AM  
Yay Nafta!
 
2007-11-23 11:50:35 AM  
Hmmm... kinda funny to see this and then realize I am one of the few people not scheduled to work today at my place of employment.

I'm not going shopping by any means, but it's interesting to read, seeing as we just got the "more sales = more hours on the schedule" rant discussion from our higher-ups.
 
2007-11-23 11:53:54 AM  
I prefer to call it "African-American Friday".
 
2007-11-23 12:07:30 PM  
Dr.Zom: EVERYONE should leave the house on Friday. The bars are quite empty.

luckily my bar has a decent crowd allready to watch high school football championship.
 
2007-11-23 12:26:17 PM  
Every friggin place is out the door with lines and crazy full parking lots. It's crazy mad out there. What are you smokin Subby?
 
2007-11-23 12:35:00 PM  
Anybody who purposefully sets out to go shopping today is farking retarded.
 
2007-11-23 12:45:34 PM  
I'm tired of people who aren't in retail calling it "Black Friday", like they are connected somehow. Face it: for you, it's "Red Friday".
 
2007-11-23 02:40:37 PM  
nobody told the rednecks at my local wal-mart that this morning. They all seemed pretty keen on picking up Rock Band for their Kids' Xbox 360s.
 
2007-11-23 04:27:00 PM  
Or it could be because most of us have figured out that shopping on the day after Thanksgiving is a miserable and masochistic experience.
 
2007-11-23 06:29:06 PM  
Macinfarker: Or it could be because most of us have figured out that shopping on the day after Thanksgiving is a miserable and masochistic experience.

I can tell you firsthand this is true. My friend wanted to get a laptop from Staples that was advertised for 350.00 after a rebate (normally would have been $700.00). I didn't go there to buy anything, fortunately, because as it would turn out, there were new flyers that were passed out. The prices advertised on the flyers the night before were no longer valid. In other words, it was a bait-and-switch scam.

There was a Circuit City that was next door that must have had a few thousand people waiting to get indoors. I wouldn't doubt that there was a similar scam in place for that.
 
2007-11-23 06:54:42 PM  
Bought NBA 2K8 for the PS3, Orange Box for the PC ($25 @ Best Buy FTW!!!), Rock Band for the relatives 360 (Xmas gift), a flash-memory stick, a GPS for my dad's Xmas gift, a new coat, and a book. All on sale (except for Rock Band). I'm doing my part. Later, I'll continue my patriotic duties at the bars.
 
2007-11-23 07:40:47 PM  
Just got back from the second largest shopping mall in the US. Usually during Christmas season, it's like a zoo, and the parking lot is full to the brim, even the overflow parking. I always avoid it in December, it's just too much of a hassle.

This time, it was 5 pm, and there was a lot of parking to be found. Had no problems at all. Maybe it was too late in the day, who knows... But if this is supposed to be one of the busiest shopping days in the year, you would think that there would still be a lot more people there at 5 pm.
 
2007-11-23 08:40:00 PM  
Maybe I should go to the strip bar. Get into the christmas spirit with the Ho Ho Ho's. I love that my pieces of paper with "In God we Trust" pays for beer and lapdances.
 
2007-11-23 10:32:40 PM  
I don't know about crappy, I was monitoring the stats on my client's shopping service (new window) site today and we had a very nice spike. So if the economy is going in the toilet, then all those people buying at Circuit City and Best Buy must be akin to re-arranging the deck chairs on the Titanic.

/Slashies at 33-50% off today only. BOGO that!
 
2007-11-23 10:50:46 PM  
This year is the first year I've shopped on Black Friday. I'll never do it again. But I did get a great deal on a plasma TV.
 
2007-11-24 07:22:11 AM  
deltabourne: I don't know, I went to Best Buy around 8 PM to check out the line and it was already stretching around the store 100 deep. When I went 2 years ago to get the 360 I got there around 2 AM and was like 10th in line

/Anecdotal evidence FTW!


I drove by our mall on the way home from work last night (you can see it from the interstate) and it wasn't too bad. Traffic was hell early in the am but died off after lunch.

There are some folks who have excessive disposable income now but many who don't. Last year we had tons of cash to spare, that was before we split and the x left her cushy job on principal (CC RN, didn't like the job so she said "I'm quitting in protest of the way RNs are treated", the job was filled within days). This year I'm not spending anywhere near as much.

The economy here is crap and is reflected in the local spending...the malls are starting to hurt and the big boxes haven't gone on their usual hiring frenzy.
 
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