Drastic Holiday Price Cuts Edit
Black Friday Ads Indicative of Harsh Recession

Nov 16, 08 - 14,444 Views

Drastic Holiday Price Cuts

How has the economic recession shaped Black Friday ads this year? For those who don’t know, the Friday following American Thanksgiving is marked by tremendous sales which generally function to lure people to the malls and kick off the Christmas shopping season.

This year, however, the credit crunch is at the forefront of the minds of many Americans, so how will retailers cash in?

A ton of Black Friday ads have been uploaded on the web, giving insight into the harsh cut-back methodologies marketers are using to keep people shopping this holiday season, many offering very drastic price cuts.

“Despite the current state of the economy, the outlook for Black Friday is still good, and Dan predicts that we’ll see low low prices on all kinds of consumer goods from computer equipment and HDTV’s to power tools this year,” WalletPop says of an interview with Dan de Grandpre, CEO of Dealnews.com.

“Dan expects to see more couture and high end labels reaching out to consumers on Black Friday both online and in their brick and mortar stores as they experience the affects of a slowing economy.”

Check out some more on credit crunch trends, and keep an eye out for incredible Black Friday ads!