By the numbers there can be no denying Black Friday is a dominating national event. An estimated...

By the numbers there can be no denying Black Friday is a dominating national event. An estimated 147M Americans will participate in the shopping frenzy, compared to the mere 126M people that voted in the national election or the 112M who watched the last Super Bowl. Early reports on turnout has been strong, but the read-through to the bottom line of the retail sector won't be known until there is a better handle on the level of promotional activity pushed out by under-duress retailers such as J.C. Penney (JCP +1.6%) OfficeMax (OMX -0.7%), Best Buy (BBY +0.3%), and RadioShack (RSH).

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Comments (5)
  • gguybbycc
    , contributor
    Comments (83) | Send Message
    Surprised you didn't list 'Sears' in the under-duress retailers names.
    23 Nov 2012, 11:20 AM Reply Like
  • lpcongas99
    , contributor
    Comments (230) | Send Message
    60/70% of our economy is consumption. Consumption not of life's necessities, just mostly of trivial B.S. we don't need. Let alone people can afford. Let's all celebrate!
    Continuous, daily? QE. Who cares if food costs escalate so the rest of the world has to spend 48% of their monthly income on food for survival. We need QE to pump up worthless companies sold to the public. i mean who needs real job's where we actually build & create something of value....that's so 1950's
    23 Nov 2012, 11:31 AM Reply Like
  • chopchop0
    , contributor
    Comments (5155) | Send Message
    Quality will do well (COST, AMZN, WMT etc.) while the crap (SHLD/Kmart, RSH, BBY etc) will flounder
    23 Nov 2012, 12:01 PM Reply Like
  • mavenwood
    , contributor
    Comments (3) | Send Message
    For the record, I am a fourth generation retail apparel merchant. I am also a Macperson and have been watching Ron Johnson as he reasserts his Target experience after the wild success of the Apple Stores (beyond my imagination). One might take note of the fact that Target is not just the empire that we are familiar with, it was originally Dayton-Hudson, a very savvy specialty store retailer. Thus, I think Mr Johnson has a very interesting history. Nevertheless, he has an awfully hard row to hoe. Well, duh! My point in writing this comment, however, is to report that I looked at a very large Black Friday Penney's insert in our local newspaper. I simply thought it was very well done and straightforward with some extremely low price points that had sale prices attached but with no "cents" endings, i.e. $ 5 or $10.00. I believe this sale pricing is the turnaround that has been talked about as JCP rotates back into the traditional department store model. So, nice work and perhaps an indication of a more realized approach. Good luck, Ron! You'll need it.
    We have a home near Aspen, CO and frequently go to shopping areas in Glenwood Springs, CO. The Penney's store there is extremely tired and in a "B" mall. They've built a new mall with Target, Lowe's, and other anchors about a mile away. We experienced this effect in our own business as malls we were in became decrepit but we were stuck with long leases. If JCP has hundreds of stores in malls comparable to Glenwood Springs, they'll have to either move or decide whether a remodel complete with marketplace boutiques will be successful in their current location. To me, it sounds expensive. But best wishes.....
    23 Nov 2012, 12:26 PM Reply Like
  • JaneyDoe
    , contributor
    Comments (11) | Send Message
    JCP's Black Friday has been a nightmare experience for many this weekend (as per internet comments by shoppers). Either there were none of the Black Friday specials delivered to the stores or the employees reserved them for themselves and did not even have the good sense to hide them from public view. Of course there were none available in their online website from the moment the BF shopping hours started.
    I now have even less expectation this chain will recover from their transformation efforts.
    23 Nov 2012, 05:29 PM Reply Like
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