Black Friday: All Hype, No Substance
Finally, an honest evaluation of ‘black Friday’, by the Washington Post-
Black Friday is here, and if you happen to derive pleasure from streaming around big box stores or mega malls as part of a teeming horde, well, who am I to judge another person’s sources of enjoyment.
Let’s just not pretend that it means anything. …
When television news crews and newspaper writers go to cover the holiday crowds, they try to give the festivities some great economic import. Standard aspects of the genre include noting that holiday sales can account for about a third of retailers’ annual sales; cite authoritative-sounding projections from the National Retail Federation about what this year’s sales will be, and perhaps even note that consumer spending accounts for 70 percent of the U.S. economy (conveniently leaving out that most of that spending has nothing to do with gift-giving or holiday cheer).
Give it a read.