Some retailers are backing out of the famous shopping day, Black Friday. Companies are asking themselves if it’s worth opening at all.
The few businesses that are opting out believe their workers need more time to feast with their families, and the others are still in for the rush, and are making their employees spend their holiday working. Executives say that staying closed helps employee morale. This decision spares retailers from the huge competition, the door busters, and overtime pay for the holiday staff that come with opening on Black Friday.
Black Friday used to always be the top day for sales for different companies. Since a few retailers are pulling out of the tradition, other companies are calling it a publicity stunt.
GameStop, which used to open most of its stores at midnight on Black Friday, decided to open many hours later this year to give their employees the holiday off this year. Recreational Equipment Inc., concluded to close all of their stores on Black Friday, ignoring the day of great discounts, because many of their employees requested time off or the customers choose to shop online instead.
The National Retail Federation suspects there will be a 3.7% increase in sales over the shopping holiday. Sales are expected to reach about $630 billion from November to December. Black Friday is also the start of the holiday shopping season, which overall represents about a fifth of the retail industry’s annual sales of $3.2 trillion.
But who knows what Black Friday will bring to the people and its industries.