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Black Friday Flopped And Cyber Monday Might Go Away. Here’s Why.

Black Friday profits were down this year, pretty dramatically. Bloomberg reports that sales were down by 11 percent compared to last year (which was down from the year before that), as six million fewer shoppers showed up. That decline certainly isn’t attributed to the economy. While wages haven’t increased much the past two years, America’s unemployment rate has steadily dropped from 8.6 percent in November of 2011 to 5.8 percent in October of this year (the latest stats available). When I saw those numbers, I assumed customers were going online, and Cyber Monday would be a big hit. While it …Read more »

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