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Old 11-24-2009, 12:44 PM
 
174 posts, read 477,431 times
Reputation: 112

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Think of the concept for 1 second. Prices are "slashed" to the point where it makes people line up by the hundreds outside of stores at midnight to trample over each other for the sake of getting that $100 laptop or $500 50' flatscreen.

All year you read that the economy is in the crapper, retail sales are in the crapper, stores are closing, etc.

So if the retail situation is this "dire" why not have prices reduced all year long??? Not neccessarily to the point of $100 laptops, but right around there.

You can't honestly believe Best Buy would sell a 50' tv for $500 if they werent making a profit would you??

Think for 1 second if Exxon came out with an ad that said..."Black Friday Sale...all gas reduced to $0.99 a gallon.

Would Exxon sell gas to LOSE money?? No they wouldnt.

So what makes "Black Friday" at Best Buy any different??
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Old 11-24-2009, 01:06 PM
 
Location: Union County
6,151 posts, read 10,031,455 times
Reputation: 5831
It's my understanding that retailers are willing to break even or take a loss in order to bring in business on Black Friday - some cases entering into deals with manufacturers / distributors... they set aside a very specific inventory. i.e. 2 laptops at $100 and 1 50" TV at $500. People line up early for a reason. You ain't getting that deal unless you're first few folks on line.
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Old 11-24-2009, 01:08 PM
 
Location: The 12th State
22,974 posts, read 65,532,938 times
Reputation: 15081
Quote:
Originally Posted by jaytarheel View Post

Think for 1 second if Exxon came out with an ad that said..."Black Friday Sale...all gas reduced to $0.99 a gallon.

Would Exxon sell gas to LOSE money?? No they wouldnt.
I would camp out all week if this was true
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Old 11-24-2009, 01:12 PM
 
15,546 posts, read 12,027,723 times
Reputation: 32595
Quote:
Originally Posted by jaytarheel View Post
Think of the concept for 1 second. Prices are "slashed" to the point where it makes people line up by the hundreds outside of stores at midnight to trample over each other for the sake of getting that $100 laptop or $500 50' flatscreen.

All year you read that the economy is in the crapper, retail sales are in the crapper, stores are closing, etc.

So if the retail situation is this "dire" why not have prices reduced all year long??? Not neccessarily to the point of $100 laptops, but right around there.

You can't honestly believe Best Buy would sell a 50' tv for $500 if they werent making a profit would you??

Think for 1 second if Exxon came out with an ad that said..."Black Friday Sale...all gas reduced to $0.99 a gallon.

Would Exxon sell gas to LOSE money?? No they wouldnt.

So what makes "Black Friday" at Best Buy any different??
Well of course they are still making a profit, it may be "black friday" but they still have a business to run, which needs money to do so. They're just marking things down to a lower level. If things were that cheap all year, then people would be less likely to buy them since they could get them at anytime (And all the retail stores would close down without that higher profit margin). But when its a once a year deal to get a $800 laptop for half price, then yes people are going to get excited for that and throw in the fact that there is a very limited amount of each product, then it gets people even more excited.

It may not be your thing, but no one is forcing you to participate in any black friday sales events.
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Old 11-24-2009, 01:16 PM
 
79 posts, read 233,471 times
Reputation: 55
I agree... there is a local dealership I frequent to support one of my hobbies. Last year and before the only sale they had held the day after Thanksgiving and almost everything 20% off except for the very large ticket items. This year they have held a sale at least once a month. There is a TV add that runs here RUG & HOME... THE SALE NEVER ENDS..THEY ADVERTISE 20% off...lowest prices all the time. After a while the "sale" becomes normal. Be careful about the black Friday sales.. sometimes there are only 5 of the very low price items... personally I would not get up at midnight to wait on something that I have to push and shove and then go to bed early on Friday because I stayed up all night on Thanksgiving...if less people would stop doing this stupid early shopping the sale would even be better by Saturday..
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Old 11-24-2009, 01:16 PM
 
Location: Concord, NC
1,241 posts, read 2,322,771 times
Reputation: 844
Look at the model's and specs of what you are buying. You may be buying a computer with a slower processor, smaller hard drive, or less RAM. You may be buying a tv with a slower refresh rate, less HDMI slots, or minus other features. There is usually a reason why these manufacturers dont put the model number or specs on these good buys. As usual its buyer beware.
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Old 11-24-2009, 01:19 PM
 
79 posts, read 233,471 times
Reputation: 55
Quote:
Originally Posted by sepulgeek View Post
look at the model's and specs of what you are buying. You may be buying a computer with a slower processor, smaller hard drive, or less ram. You may be buying a tv with a slower refresh rate, less hdmi slots, or minus other features. There is usually a reason why these manufacturers dont put the model number or specs on these good buys. As usual its buyer beware.
bingo !!!
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Old 11-24-2009, 01:26 PM
 
174 posts, read 477,431 times
Reputation: 112
Quote:
Originally Posted by Sundaydrive00 View Post
Well of course they are still making a profit, it may be "black friday" but they still have a business to run, which needs money to do so. They're just marking things down to a lower level. If things were that cheap all year, then people would be less likely to buy them since they could get them at anytime (And all the retail stores would close down without that higher profit margin). But when its a once a year deal to get a $800 laptop for half price, then yes people are going to get excited for that and throw in the fact that there is a very limited amount of each product, then it gets people even more excited.

It may not be your thing, but no one is forcing you to participate in any black friday sales events.
Don't worry...I will be nowhere to be found that day.

10 $500 laptops priced at $250 on Black Friday -- $2,500 profit

100 $500 laptops priced at $375 year round -- $12,500 profit

which is better for retal?
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Old 11-24-2009, 01:28 PM
 
Location: Charlotte
2,445 posts, read 7,454,842 times
Reputation: 1406
I heard on the radio yesterday that only 12% of consumers shop during Black Friday sales.
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Old 11-24-2009, 02:37 PM
 
9,848 posts, read 30,291,908 times
Reputation: 10516
Quote:
Originally Posted by jaytarheel View Post
Think of the concept for 1 second. Prices are "slashed" to the point where it makes people line up by the hundreds outside of stores at midnight to trample over each other for the sake of getting that $100 laptop or $500 50' flatscreen.

All year you read that the economy is in the crapper, retail sales are in the crapper, stores are closing, etc.

So if the retail situation is this "dire" why not have prices reduced all year long??? Not neccessarily to the point of $100 laptops, but right around there.

You can't honestly believe Best Buy would sell a 50' tv for $500 if they werent making a profit would you??

Think for 1 second if Exxon came out with an ad that said..."Black Friday Sale...all gas reduced to $0.99 a gallon.

Would Exxon sell gas to LOSE money?? No they wouldnt.

So what makes "Black Friday" at Best Buy any different??
Jay,

You need to google the term "loss leader".

Here you go: Loss leader - Wikipedia, the free encyclopedia

You may not agree with the pricing or the timing but there is good reason for what and how they do it. Trust me, the retailers spend a lot more time thinking about their pricing structure than you do.
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