November is a good month, not just because we get a needed week-long break before plunging into finals, and we get to see our family and friends on Thanksgiving, but also because of... Black Friday. Every year Hundreds of stores and retailers sell off inventory at low prices, sometimes at all-time lows that never will reoccur. However, due to supply chain issues and the Covid-19 pandemic in 2019-2020, this may not be the case anymore.
A recent study by Stacy Widliltz of the SW Retail Advisor tracked retail chains and found out that at 90% of those stores promotions are down from that of 2020. Electronics is not as big as it was in 2020 being down from then almost 2%. Bigger stores like Target, Walmart, and Costco are still having the sale but will not have as good deals and products due to, you guessed it, supply shortage issues. Luckily, however, they are still able to give the sales as they are able to place orders earlier and have their own shipping charters. On the other hand, companies like Nike inc. and Bed Bath & Beyond are suffering from shortages and delays in shipping, but will eventually have sales later on and steel in 2022.
Whether or not you decide to go out and shop on Black Friday is up to you but know that if you do, you shouldn't be expecting any good deals anytime soon.
source: https://www.blogger.com/blog/post/edit/8612138668326220332/8051654966674824504
1 comment:
This has been interesting to observe this problem working in retail. I work at a small shoes store at Tanger and we suffer from the supply chain issues resulting from Covid as well. Now they have slowly been getting better as time has gone on and we have been able to replenish inventory, but also it has been interesting to see bigger stores getting priority over supply chain. I mean this in the sense as bigger stores suffered, but not to the effect of the smaller stores. It was not till September we actually had inventory to place in the back because we had barely enough to fill the shelves where a bigger store like Nike which was a couple stores down from us, had more inventory. This ultimately will be interesting how companies try to push black Friday deals more in the coming weeks if they can barely fill their shelves.
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