Well, in what is certainly a positive sign, can we take it as a sign of change in things to come? Well early estimates released Saturday say that Black Friday sales are up just slightly more than what they were last year. That is good, primarily since last year to this year, the nation has been through a bit of a change, with the intial concern being that of the economic recession we face in the country today. Several businesses and industries are taking serious financial losses over the past few months. There have been several efforts put forth to aid in this crisis, such as stimulus checks and government bailouts, but only time will tell if they will actually work. At this point, no one knows how long this will last.
Well the positive sign is that the government didn’t try to cancel the holiday season, and that’s one thing that will not need a bailout. So far just for Friday, preliminary estimates have spending at $10.6 billion, while last year the total for the same period was at $10.3 billion. In more positive news, this is just the start of the holiday shopping season. While Black Friday is normally billed as the busiest shopping day of the year, that’s not always true. It ranks up there and many people know that a lot of people spend a lot of money during that day, but other days in the year, particularly in the month following Black Friday before the end of the year, that sometimes rank as number one. For instance, the Saturday before Christmas is another day that retailers secretly know their profits can sometimes rank higher than Black Friday.
Not for nothin’, but our nations economy has a lot to look forward to. Even though its the end of the year, and a rather bad year its been for the economy, it’ll likely end on an upswing. You can say, the end of the beginning, if you will.