Monday, November 28, 2016

Black Friday Shoppers Hunt for Deals and Hit the Stores - TIME Business

Posted: 25 Nov 2016 10:07 AM PST

NEW YORK (AP) — Shoppers were on the hunt for deals and were at the stores for entertainment Friday as malls opened for what is still one of the busiest days of the year, even as the start of the holiday season edges ever earlier.
Julie Singewald’s Black Friday started at 4 a.m. at a Twin Cities outlet mall. By 6 a.m., she and her two teenagers made it to the Mall of America in Bloomington, Minnesota. Singewald said she was merely the vehicle — “and sometimes the credit card” — as her daughters worked on their shopping lists.
Increasingly, the 44-year-old is doing more of her shopping online.
“I’m a point-and-click person,” she said. “If it were up to me, I would be in my pajamas and on my computer at home.”
Black Friday, the day after Thanksgiving, used to launch the holiday season, but the competition to grab customers first is keen. Stores like Macy’sWalmartTarget and more were open Thursday evening in what they hope will be a new holiday tradition as they try to fight off competition from online juggernaut Amazon.
Retailers have also been spreading deals out more throughout the week.
“It was a really good start. But I have never seen Black Friday morning so calm,” said Marshal Cohen, chief industry analyst at NPD Group, a market research firm, who visited malls on Long Island on Friday. He believes the weekend’s sales will likely rise from last year because shoppers did lots of buying, including pricey flat-screen TVs.
This weekend is crucial to set the tone for the holiday season. Around 137 million people plan to or are considering doing their shopping during the Thanksgiving weekend, according to a survey conducted for the National Retail Federation. That includes online and store shopping.
The NRF, the nation’s largest retail group, expects holiday sales to rise 3.6 percent for November and December, better than the 3 percent growth seen for those months last year. That excludes car sales, gas and restaurant receipts. But it includes online spending and other non-store sales such as catalog spending.
In Rhode Island, shoppers who arrived after sunrise at the Garden City outdoor shopping mall in Cranston said they were glad their state, along with Massachusetts and Maine, doesn’t let retailers open on Thanksgiving Day.
“I don’t like the idea of it,” said Lauren Glynn. “I feel bad for the people who have to work.”
She and her husband, who are restaurateurs, came to the Cranston mall for fun, to soak up the experience and maybe find a few deals, but they said they plan to do most of their gift shopping online and at locally owned shops where they live in Bristol, Rhode Island.
It’s at local shops, Sam Glynn said, where they’ll look for “cool knives and glassware, things that have meaning.”
In Virginia, Dana Sari says she prefers buying gifts from online catalogues and boutique retailers rather than larger corporations, which she says value her less as a customer. She’s finished all of her holiday shopping online, but she and her mother continued their decades-old tradition of spending Black Friday together. They arrived at the relatively quiet MacArthur Center mall in Norfolk shortly after 8 a.m. where each bought a coffee and sat near a Nordstrom.
“It’s not so much about the consumerism as it is the quality time with my mother during the holiday season,” said Sari, 43, a neuropsychologist who lives in Norfolk.
Wal-Mart Stores Inc. said in addition to Black Friday favorites like televisions and toys, shoppers were looking for drones, virtual reality products and hoverboards.
Macy’s CEO Terry Lundgren tells The Associated Press that clothing sales have been good, with sportswear, dresses and even social occasion fashions doing well. But he’s hoping for some cold weather to help fuel more sales of winter items.
Leah Olson was at Mall of America Friday morning, following some Thanksgiving night trips to Target and a local mall. Olsen said she had done some online shopping, but preferred making in-person stops.
“I always like to walk, go to the mall,” said the Chanhassen, Minnesota resident. “I just like shopping.”
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Associated Press writers Kyle Potter in Bloomington, Minnesota, Ben Finley in Norfolk, Virginia, and Matt O’Brien in Cranston, Rhode Island, contributed to this report.

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