Cyber Monday Will Not Reach Drinking Age: Ellwood

The video discusses the evolution of Thanksgiving into Gray Thursday and Cyber Monday, questioning the longevity of Cyber Monday. It explores the concept of creative destruction in economics, highlighting the shift from physical to online shopping. The discussion includes holiday spending patterns, the growth of retail space compared to population growth, and consumer behavior regarding online clothing purchases.

What is the main reason the speaker believes Cyber Monday might not last long?

• It is not popular enough.

• It is too expensive for retailers.

• It conflicts with Thanksgiving traditions.

• It is being stretched out over time.

How has American brick and mortar retail space changed since 1981?

• It has increased by 1% each year.

• It has increased by 4% each year.

• It has remained the same.

• It has decreased by 4% each year.

What is the main concern about early promotions in November?

• They have no impact on consumer behavior.

• They shift spending to earlier in the season.

• They cause a decrease in overall spending.

• They lead to increased holiday spending.

According to the speaker, why do people still visit physical stores?

• To enjoy the shopping experience.

• To get better deals than online.

• To try on clothes before buying.

• To avoid online scams.

What is William Browder's opinion on buying clothing online?

• He finds it too risky.

• He prefers it for convenience.

• He thinks it's the future of shopping.

• He strongly disagrees with it.