Enjoy your fresh roast turkey on Thanksgiving and the morning after, bird leftovers on wholemeal bread this year because Black Friday will be virtually non-existent.
While the tradition of crazy crowds and shopping during Black Friday has been fading in recent years due to the shift to online shopping, the ongoing COVID-19 pandemic means waiting in line for hours for a 75% discount TV simply won’t be. a reality in 2020 Shops will be closed during Thanksgiving and in-store Black Friday deals will be posted online because consumers don’t want to go out for fear of contracting the deadly airborne virus.
What will be a reality this year, however, is that Black Friday will begin online sooner than ever, according to retail executives and other professionals Yahoo Finance chatted with. Additionally, consumers should expect some jaw-dropping Black Friday online deals, possibly starting in early October, as retailers try to leverage money from prudent consumers ahead of November’s presidential election. The discounts will be further spurred on by retailers looking to get as much sales as they could in their biggest quarter after a horrible year at the hands of the pandemic.
The First Trade told Yahoo Finance. “Retailers, especially department stores, on days like Black Friday and the weekend after, will have to do things like schedule visits, cut down on the number of people and spread out. [deals] as much as possible in the previous weeks. “” data-reactid = “24”> “The big challenge with any type of Black Friday offer is how you’ll handle the crowds,” Forrester retail analyst Sucharita Kodali told Yahoo Finance at The First Trade. “Retailers, especially department stores, on days like Black Friday and the weekend afterwards, will have to do things like schedule visits, reduce the number of people and spread out. [deals] as much as possible in the previous weeks. “
Kodali added: “I expect the consumer will absolutely benefit. And the consumer will be able to receive many of these offers from the comfort of home, because this is precisely the reason. It’s the push online and getting items shipped or buying online and coming to the curb and picking it up or dropping it in your car. “
The signs are already emerging that this Black Friday will be very different.
Home Depot actually canceled its traditional Black Friday this week. Instead, it will offer Black Friday discounts starting in early November and will continue the offers through December.
And say goodbye to all the rage of the past five years in retail: having shops open for Thanksgiving. “data-reactid =” 28 “> And say goodbye to all the rage of the past five years in the retail business: having shops open for Thanksgiving.
In the past, Walmart has left its doors open all day on Thanksgiving. Best Buy welcomed long lines of shoppers starting at 5pm. Target saw large crowds at its first Thanksgiving opening. And Kohl’s also opened on Thanksgiving.
All four of these retailers have announced that they will be closing this Thanksgiving.
The reality is that there will be fewer places to shop this Black Friday due to COVID-19 related failures.
J.C. Penney has opened its stores before Thanksgiving in recent years to attract business seekers. But the company has filed for bankruptcy since last Thanksgiving, and although it will soon come out with 650 stores open – thanks to a bailout by Simon Property Group and Brookfield – that number has dropped from about 1,000 last year. It is also unclear whether the remaining 650 J.C. Penney will open this Thanksgiving due to the pandemic.
And the same goes for GNC, Lord & amp; Taylor, Stein Mart, Men’s Wearhouse and New York & amp; Co. “data-reactid =” 44 “> Meanwhile, Macy’s is closing hundreds of stores. Brooks Brothers will close stores due to its bankruptcy this summer. And the same goes for GNC, Lord & Taylor, Stein Mart, Men’s Wearhouse and New York & Co.
god awful management. “data-reactid =” 45 “> Kmart has been the king of Thanksgiving openings for many years – it opened at 7am for more than 20 years straight. This isn’t happening this year because Kmart is practically out market after years of god horrible management.
Brian Sozzi is a general editor and co-host of The first exchange at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and so on LinkedIn.“data-reactid =” 46 “>Brian Sozzi is a general editor and co-host of The first exchange at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and so on LinkedIn.
Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, Youtube, is reddit.“data-reactid =” 57 “>Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, Youtube, is reddit.