The much publicized Black Friday and Cyber Monday deals are the last pieces of a sales strategy that most retail outlets and stores are trying to resort to so that they can save themselves from the evident faltering sales besetting most business sectors today. These are of course different from the usual holiday shopping spree but as we all know, this year’s Christmas sales are not expected to be as profitable compared to past years.
Finding ourselves in the worst crisis since the 90’s is one thing but the bad part is that we are only at the tip of the iceberg. This means that the worst is yet to come and it all starts in 2009. We have seen the necessary adjustments that most people have turned to and apparently, it looks like even the buyers are doing their share as well as far as cutting down on costs that include Christmas shopping.
So if consumers are trying to buck the credit crunch, you can expect the stores to suffer the brunt of these problems as well. It is a chain reaction and if one of the usual buyer-seller business model gets affected, at least one or both of these sides will have to gather their thoughts and try it out new strategies to cope up with the times.
Hopefully they can get some profit out of it. They need all the help in boosting sales as much as they can.
Originally posted on November 30, 2008 @ 9:03 am