Why Black Friday is Important…for Retail

Historically Black Friday is important because it meant that retail businesses would finally operate “in the black” after losing money for most of the year.

Imagine owning a business where you lose money all year and depend on the madness of one day – the Friday after Thanksgiving – in order to make a profit for the year.

Sounds like a lousy business plan.

But with the advent of online shopping, it’s become a boon for the retail business that’s been on life support for years.

As a result, you no longer see news clips of crowds of fat people pushing, screaming, and trampling over each other to get 50% off on a flat screen TV at Walmart.

Remember those days?

Ironically (or NOT) these were the same people who spent the day before (allegedly) giving thanks for all of the blessings and privileges of living in America.

And then getting into fist fights over Black Friday Specials.

But I digress.

Black Friday is Important

The fact that Black Friday is still important is proof that online shopping hasn’t completely taken over the retail business.

At the same time, it’s allowed smaller companies – who otherwise couldn’t compete with Big Box retailers like Walmart, Target, Home Depot, Lowe’s, etc. – to attract customers who would often overlook them.

And that’s great for business overall.

Especially when you consider how people are strapped with inflation, increasing cost of living expenses and increasing prices at the pump…(thanks to Stinky Joe).

So, here’s to all the entrepreneurs out there who’ve managed to survive the Covid calamity…which was designed to increase inflation and destroy most businesses by putting people out of work.

READ: Systemic Inflation Returns Thanks to Covid…July 2, 2021

And if you have the opportunity to help out a small business on this coming Black Friday, we encourage you to do so.

Which brings me to another shameless plug for our “…In Plain English” newsletter.

And that is, if you’ve considered subscribing (becoming member of our “Free Thinkers Club”) then look for our Deeply Discounted prices featured in our Financial$Matter Black Friday Special starting this Friday.

We can assure you that you won’t find financial content like ours in most other newsletters.

How can we say that?

We have over 114 years of combined real-life experience on Wall Street.

And we give you the perspective of how the financial world REALLY operates “Behind the Curtain.”

Get ready for a Black Friday Special offer that will be remembered as “The Gift That Keeps on Giving.”

Share this with a friend.

They’ll thank YOU later.

We’re Not Just About Finance.

But we use finance to give you hope.

FYI

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