Poll of the Day > Supposedly for most major retail stores, they get over half of their yearly..

(+) Yeah! (+)

.....sales on black friday. I read this few years ago. Idk, it seems a little hard to believe but maybe it is true. Do you think this is usually true for your average big walmart or best buy etc?

bump, why no one comment in this awesome topic?

I'm pretty sure most stores would close long before black friday if that were true. You don't operate in the red for 11 months a year without encountering serious problems.
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It's called "Black Friday" because it's when many stores end up in the black for the year. I don't know that Black Friday itself would account for half of their sales, but it actually wouldn't surprise me. Black Friday is massive.
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so one poster thinks it's true and one guy thinks it isn't. I'm not sure but i have heard that like walmart only averages like a 2 or 3 percent profit margin on avg. on things that they sell. Heard that on the grocery side that the percentage is even smaller.

Is this guy a Duckbear alt?

adjl posted...

It's called "Black Friday" because it's when many stores end up in the black for the year.

Snopes disagrees.

https://www.snopes.com/holidays/thanksgiving/blackfriday.asp

The term was already in use before people tried to claim it was for retailers going into the black.
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XBoner posted...

so one poster thinks it's true and one guy thinks it isn't. I'm not sure but i have heard that like walmart only averages like a 2 or 3 percent profit margin on avg. on things that they sell. Heard that on the grocery side that the percentage is even smaller.

On the grocery side, there's almost no way they have more sales on the day after Thanksgiving than they do on the day before Thanksgiving.
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Maybe for the holiday season but a single day is completely ridiculous.
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Zeus posted...

Snopes disagrees.

https://www.snopes.com/holidays/thanksgiving/blackfriday.asp

The term was already in use before people tried to claim it was for retailers going into the black.

Conformist leftist hipsters use Snopes. That website sucks.

Have you worked retail? Labor Day, Memorial Day and Fourth of July weekends bring in nearly as much as Black Friday, if not more, individually. Depending on which day of the week the Fourth lands, the Friday before it can be more profitable than Black Friday just on its own.

I bet Black Friday, percentage-wise, accounts for a lot at present, because almost everybody just buys things online now on an average day, while hordes of people unnaturally flood retailers for this.
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