Watch or read a news story on either Black Friday or Cyber Monday.
Post a 2-3 sentence summary of the news piece.Then, cite the source of the news.
Enjoy!
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Welcome to Excel High School's NFTE Class Blog. We will use this platform to extend class discussion and reflect on news as it relates to small business or personal finance.
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On the channel 7 news they talked about how black friday was basically when many people go to the stores and buy things so all the debt the stored be in comes up and the actually make a profit especially since most people get payed on fridays. Cyber monday is when people go back to work and go on line to shop. The fact that its the holiday season they can go and get what they want for a cheaper price and get it without the hassile they would encounter at the stores.
There is a new on cnnmoney.com saying that retialers have had a succesful begining for the sale reason. A lot of sotres had to open earlier than their schedule for the big number of customers waiting outside the store. This year, there are as many as 132.9 million Americans expected to hit the stores on Friday, with 55.1 million of them expected to definitely shop, according to a National Retail Federation survey. However, it's still too early to say how the season is going to turn out for retailers need six weeks of solid results,as Macy's Lundgren said.
On the today show on channel 7 the reporters where talking about how black friday is when millions of people go to the malls and see if they can find the best bargin for there bucks.Retailers hope that consumers will buy there products so that they will be able to get ut of the red zone to be in the black zone. If business activity is good it indictates that christmas season will be a profitable one. Also tells what types of consumer goods appeal to them.
- Maria Coleman
On CBS news, it says that many of customers have to woke up very early to go shopping on Friday. They had to get a long line,wait a long time out side of the mall or stores like Bestbuy to wait for them to unlock the doors. This is one of the best days in year of stores,that retailers could move out of the "red" into the "black" for the money making Holliday season.
Cyber Monday mostly means that customers shop online. It has free shipping and free gifts which are good benefits. On CNETnews , it states that this year, online retailers expect the sales to go up to twenty- billion and increase even more on Cyber Monday.
On channel 25's news piece on black friday along with cyber monday, they explained that the use of the internet to shop on the Monday after black friday has increased dramtically. Since there are many websites that can offer numerous discounts, such as shop.com, when people head back to work they can easily shop and order. Also since there are many people that don't like getting up after filling their stomachs on Thanksgiving, the idea of having websites to where you can buy Christmas gifts is a great idea. It was projected, on the news piece, that cyber would have consumers increased by 50%. In this case the thought of having "cyber monday" boosts the sales of the companies that have internet access to their companies.
On fox 25 news there was a cover on Black Friday. They mentioned how many stores opened very early where there were already many people lined up outside waiting to get in and shop. As they expected millions nation wide did a good amount of shopping which did good for business. This got stores out of the red and into the black mark. Black Friday turned out to be a very successful day of the year for business's all over.
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