Do You Remember When Black Friday Actually Still Mattered In America?

Once upon a time, ‘Black Friday’ was a major event in the United States. Yes, the mainstream media is still endlessly hyping it up, and major retailers are still rolling out their ‘incredible deals’, but it appears that most Americans are tiring of this particular gimmick. Or perhaps it is just that U. S. consumers don’t have as much discretionary income as they once did. As you will see below, retail traffic this Black Friday was ‘much, much slower’ than anticipated. And expectations were not great anyway – the number of shoppers was down last year, and it was being projected that there would be another decline in 2015. Yes, there were still a few fights on Black Friday, but mostly the ‘holiday’ was marked by giant piles of unsold merchandise sitting around collecting dust. The inventory to sales ratio in the U. S. has surged to levels not seen since the last recession, and so the truth is that most retailers were hoping for much more contrived chaos on Black Friday than we actually witnessed.
Personally, I wish that this whole phenomenon would just simply disappear, because it definitely doesn’t bring out the best in the American people.
Who wants to see fellow citizens trampling one another and fighting with one another for cheaply made electronics that aren’t even manufactured in this country anyway?
Black Friday was always a disgusting spectacle, and now it appear to be fading.
Let’s start with Thanksgiving sales. More stores than ever are opening on Thanksgiving Day itself, and according to SunTrust that was a total ‘bust’ this year…

This post was published at The Economic Collapse Blog on November 27, 2015.