Good morning ... The shopping has already begun this Thanksgiving with Kmart opening at 6 a.m., then RadioShack at 8. Nearly one-third of “Black Friday” shoppers ventured out on Thanksgiving evening last year, according to the National Retail Federation. How many more (or less) are coming out today?
With the economy showing some strong momentum in recent months, expectations are high that retailers will see a big jump in holiday sales. The National Retail Federation expects a 4.1 percent gain in retail sales in November and December, the biggest increase since the industry grew 4.8 percent in 2011. We shall see ...
Hey readers -- please feel free to join the conversation. Have an opinion about shopping during the holiday? Or a piece of advice on finding a deal? Or an update on a store that's particularly busy? Share your thoughts or pics.
Expect to continue to see a slew of price-match promotions. Price-match policies are a win-win for consumers and retailers, according to the Star Tribune’s Kavita Kumar and John Ewoldt.
Consumers like stores that price match because it makes them feel good about where they shop. Retailers like price matching because fewer than 5 percent of shoppers actually ask for it during the holiday season, according to Marshal Cohen, chief industry analyst at the NPD Group.
Generally, convenience wins out and consumers won’t take the time to ask for a match unless they can save $25 or more.
It’s been 14 years since a new mall opened in the metro area. That was Albertville Premium Outlets. But over the summer, Twin Cities Premium Outlets in Eagan made its debut. What sort of impact will it have during the holiday shopping season.
Hey readers ... we are open for business if you want to share an update while you're shopping or an opinion.
@Jackblack: I hear ya ... I'm home now making dinner for my sons, 2 and 4 years old. Alas, Mrs. Stone is working a reporting shift at the Star Tribune. She'll be home a little later.
Major store openings on Thursday:
6 a.m.: Kmart
8 a.m.: RadioShack
5 p.m.: J.C. Penney, Toys ‘R’ Us, Best Buy
6 p.m.: Macy’s, Target, Kohl’s, Sears, and many shopping malls. Wal-Mart, which is open 24 hours, will start its first round of doorbusters at this time.
Closed until Friday: Home Depot, Lowe’s, Menards,Nordstrom, Costco, Sam’s Club