Pros and Cons of Black Friday: Thanksgiving is just a few days away, and it means one thing: Black Friday is coming soon. But what you probably don’t know about this intense shopping time that comes after the
Thanksgiving feast. There are pros and cons of Black Friday that might change your mind if you haven’t made up your mind to join the crowd or stay home.
Black Friday has been the busiest shopping day of the year for many years now. The sales draw people out in droves because they often feature some of the biggest markdowns of the year on electronics, appliances, clothing, and more.
However, some people are skeptical about joining their loved ones at the mall to shop on Black Friday because they think it might not be worth all the stress and hassle involved.
Here are some pros and cons of Black Friday that might change your mind if you haven’t decided yet if it’s worth going out on this busy shopping day.
The Pros of Black Friday Shopping
There are many benefits to shopping on Black Friday. Here are some of the main ones.
- Huge Savings on Items You Want – When retailers slash prices as much as they do on Black Friday, you’re likely to find great deals on high-priced items like TVs, computers, and more. You could save hundreds or thousands of dollars on products you really want this holiday season.
- Free Gifts and Extras – Some retailers offer special deals on Black Friday that come with free gifts, cash back, coupons, and more. For example, you could get a free gift with purchase when you buy a certain product.
- No Sales Tax – Some states don’t charge sales tax on certain major shopping holidays like Black Friday. You may not have to pay sales tax if you buy something out of state.
- Smaller Crowds and Less Stress – Black Friday is a major holiday shopping day, which means stores have a lot of customers, and it may be hard to find a sales associate to help you if you need assistance. However, you may find a much smaller crowd and less stress shopping on Black Friday because people often don’t go out on this day.
The Cons of Black Friday Shopping
Now that you know the pros of shopping on Black Friday, it’s time to look at the cons.
- The Excessive Rush – The biggest con to shopping on Black Friday is that it can be a very stressful experience. Stores are packed with customers, and people are often in a rush to get what they want before someone else does, so tempers can easily flare.
- Dangerous Scenarios – When people get too excited about shopping on Black Friday, they sometimes get out of control. There have been reports of people getting injured and even killed at stores on Black Friday, so it can be a very dangerous experience.
- More Expensive Than Regular Shopping – If you want to save money on Black Friday, you’re going to need to shop early. Most of the best deals are available on Black Friday itself. If you wait until the day after Thanksgiving, though, you might find the same items sold at full price.
- Deals Change Daily – Retailers often run out of the best deals on Black Friday, and the deals they offer change daily. If you wait until the day after Thanksgiving, you may miss out on the best bargains.
Why You Shouldn’t Skip Black Friday
You might think Black Friday is all bad, but this shopping time has been responsible for a lot of positive changes in the retail industry. Here are some reasons why you shouldn’t skip Black Friday.
- It’s the Best Time to Buy – You can find the best deals on Black Friday, so it’s a great time to buy almost any product you may want. It’s an especially good time to purchase appliances since they won’t be as durable as they are now in a few years.
- It Helps American Jobs – Black Friday is an important day for many American businesses, and it helps sustain a lot of jobs in the US. The revenue generated from this day alone allows companies to keep hiring full-time employees.
- Gives You a Head Start on Holiday Shopping – If you like to start your holiday shopping early, Black Friday is a great day to get a head start. Many retailers put out their best deals on this day, and you’ll have plenty of time until Christmas to shop around for other gifts.
How do businesses benefit from Black Friday?
Thousands of businesses participate in Black Friday, and it gives them a chance to make a lot of money. They often receive a lot of online orders and an increase in walk-in traffic at their physical stores. They can also use the revenue from Black Friday to help fund their holiday hiring.
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Retailers are expected to make an estimated $92 billion in revenue from Black Friday sales, according to the National Retail Foundation. This revenue covers the cost of stocking inventory and paying employees to staff stores on this day.
The revenue also allows companies to give away free gifts with purchases or offer coupons that lower the prices of products.
What are some negative aspects of Black Friday?
Several negative aspects come with Black Friday shopping, but the biggest con is that you have to deal with the long lines at stores. You may have to wait in line for hours to get the products you want, which can be extremely frustrating.
Some stores have a one-per-customer limit on their best items, so you may be disappointed if you don’t get what you want.
Black Friday is also a stressful day, which can make you feel more stressed out than usual. The stores are often extremely crowded, and it can be difficult to find what you’re looking for. Also, you may feel like you have to buy more than you need just to get the best deals available.
Do companies make or lose money on Black Friday?
Retailers often lose money on Black Friday, but they make it up in the long run. Retailers often offer huge markdowns during this shopping day, which means they lose money on each item.
However, they hope to make up for it by selling more merchandise in the long run. However, some stores may also make money by putting a delivery fee on items purchased on Black Friday.
They do this to cover the costs of delivering an item to you as soon as possible. They also often charge a higher price than they usually do for an item on Black Friday.
Do deals get better closer to Black Friday?
Retailers put up their best Black Friday deals early, and you have the chance to research and compare prices before the day even begins. You can visit websites like BlackFriday.com, RetailMeNot.com, and BFAds.net for the latest deals and information about Black Friday.
Even if you wait until Black Friday to shop, you can find plenty of decent deals. You may just have to shop a little earlier in the day on this day than you would usually shop.
Do employees get paid more on Black Friday?
Many companies pay their employees extra on Black Friday, but they don’t pay them more than normal hours. Instead, they give them additional time off as a bonus instead of paying them more money.
This can help employees who work in customer service jobs handle the increased foot traffic and demand.
Some companies, though, do pay employees more on Black Friday. This is especially true for employees who work in the warehouses that store and ship inventory. Amazon workers, for example, reportedly earn more on Black Friday than on other days.
Why are Black Friday sales so low?
The discounts available on Black Friday are usually much lower than those on Cyber Monday. Some stores even offer more sales on Cyber Monday than they do on Black Friday. So if you’re looking for a great deal, you might be better off not waiting for Black Friday and shopping on Cyber Monday instead.
A lot of people think the markdowns are artificially low and are not actually a bargain. Stores sometimes sell their items at very low prices so that it looks like a great deal for the customers. However, these items will probably be put back on the shelves for their normal price after a couple of days.
If a store is having a clearance sale, you can pretty much assume that the items on sale are overstocked, discontinued or damaged goods that need to get out of the store quickly. If a store has too many products and can’t sell them all, they will lower their prices to make them more affordable to grab the customers’ attention.
What is the best time to shop on Black Friday?
If you want to get the best deals, you should shop on Cyber Monday. Many retailers offer more sales, deals and discounts on Cyber Monday than they do on Black Friday. Some retailers are even starting to extend their Black Friday deals over the weekend, making Black Friday more of a marketing gimmick than a day to expect the best deals of the year.
Also, if you want to avoid the chaos and crowds that come with Black Friday, you can shop online any time you want. You can check out the best deals that are currently available on different websites, and you can buy your favorite things from the comfort of your home.
If you want to get great deals on a new TV, laptop, phone or any other electronic device, you should wait until Black Friday. All major retailers will offer discounts on electronics on Black Friday.
You can find some of the best deals on TVs on Black Friday since most retailers want to get rid of their old inventory. Some retailers even wait until Black Friday to release their TV sales to get the attention of shoppers.
What is the average discount on Black Friday?
We have seen many retailers advertise discounts between 30% and 50% on Black Friday, but these are usually on the very few items that are on sale. Most retailers advertise discounts of between 10% and 30% on their best-selling items, but there could be exceptions.
Some stores even offer free items on Black Friday, such as a free gift card, a free item or a free service. These items are often extremely popular or discounted so much that the store has decided to give them away for free. Some retailers don’t offer discounts at all but give customers something else instead.
For example, you might be able to get free shipping on all orders over a certain amount, an extended warranty on certain items or a free gift with purchase. These things don’t cost the retailer anything, but they can be just as valuable as a discount.
Do deals get better closer to Black Friday?
As we have already mentioned, retailers often extend their Black Friday deals over the weekend and even into Cyber Monday. So if you are waiting for Black Friday to get the best deals, you might have to wait a little longer than you thought.
There are a few exceptions, though. Many retailers have already started offering early Black Friday deals, and some stores have even promised to increase their discounts as the day gets closer. So if you are waiting for the best deals to appear, you might have to wait a little longer than usual.
Some retailers extend their sales throughout Black Friday weekend, but that doesn’t necessarily mean their deals get better over time. Some retailers only offer one or two really good sales, and then they extend the rest of their deals for a couple of days.
You will have to check the ads every day to see if there are any new deals you can take advantage of.
Do employees get paid more on Black Friday?
Some retail employees might get a small bonus for working on Black Friday, but they aren’t paid more than their usual wage. Retail employees are usually paid hourly, and they are usually entitled to overtime if they work more than 40 hours per week.
Many retailers only pay employees for 8 hours overtime per week, so they don’t get paid more just because they have to work longer hours. In some states, employees get paid time-and-a-half for overtime.
The bonuses that retailers give to their employees on Black Friday might be enough to cover the overtime they have to work during that weekend. Some retailers are required to pay their employees more on Black Friday.
If your store has a union, you might be entitled to overtime pay on Black Friday. Retailers that sell food, automotive parts and auto repair services, gas stations and pharmacies are also required to pay employees more on Black Friday.
Should I wait till Black Friday to buy a TV?
If you are planning to buy a new TV on Black Friday, you should wait a little longer than usual. Most retailers will offer discounts on TV sales on Black Friday weekend, so you can get a better deal on your new TV.
Most retailers will start offering their TV sales around Cyber Monday and will sell off their old inventory before the new TV models arrive in stores. You can get a great deal on a new TV on Black Friday, and you will probably also be able to get a good deal on a used TV.
Some retailers will start selling used TVs on Black Friday. You can get a good TV for a cheaper price if you are willing to buy a used model. You should make sure you know what you are buying and get a detailed description and a TV inspection report from the seller before you buy a used TV.
What is the best way to save money on Black Friday?
There are many ways to save money on Black Friday and Cyber Monday, and they are pretty much the same as on any other shopping day. The best way to save money on Black Friday is to compare prices between different stores, and it’s also a good idea to wait until Cyber Monday to see if the deals get better.
You should also make a list of items you want to buy before you go shopping. That way, you won’t get carried away and spend more money than you planned to. You should also shop online on Black Friday and Cyber Monday.
Many online retailers offer special discounts and sales for Black Friday, and you can even find coupons for free shipping on many websites. You can also take advantage of free gift card offers and other discounts from gift card resellers to save money on your shopping.
What is the best way to get a good bargain on Black Friday?
The best way to get a good bargain on Black Friday is to plan ahead and set a budget before you go shopping. You should make a list of items you want to buy and the prices you expect to pay for them.
That way, you can compare the prices at different stores and find the best bargain for your money. You should also be flexible and open to different items. If you are shopping for gifts and you can’t find what you want at a decent price, you should look for something else.
You should also know when to walk away from a deal if you can’t get a good bargain. It’s easy to get swept up in the excitement of Black Friday, but you don’t want to spend more money than you have to. Make sure you are only buying things that you really need.
