Black Friday: A Happy Holiday for Retailers?

The video discusses the expansion of Black Friday into a week-long event, marking the start of holiday shopping in the U.S. It highlights the promotional strategies of retailers like Walmart and Target, who aim to attract customers early in the season. The video also explores consumer behavior, emphasizing the importance of finding the best deals. It concludes with a look at market competition, noting that Toys R Us and Kmart are among the most expensive retailers, potentially losing market share.

What is the primary reason retailers emphasize Black Friday week?

• To clear out old inventory

• To mark the beginning of holiday shopping

• To introduce new products

• To celebrate Thanksgiving

How is this year's Black Friday week expected to differ from last year's?

• It will focus on online sales only

• It will last for two weeks instead of one

• It will be more promotional due to leaner inventories

• It will have fewer promotions due to excess inventory

What unique strategy is Walmart using this year to attract customers?

• Offering a single massive sale day

• Launching a new loyalty program

• Providing free shipping on all orders

• Introducing five days of different doorbuster deals

What is a key factor that influences where consumers shop during Black Friday week?

• Store location

• Brand loyalty

• Availability of the best deals

• Store ambiance

Which retailers were identified as potentially losing market share due to high prices?

• Costco and Sam's Club

• Amazon and Best Buy

• Walmart and Target

• Toys R Us and Kmart