Gray Thursday may become the new Black Friday. Many big retailers have moved up the beginning of their shopping season, traditionally the Friday after Thanksgiving, to Thursday evening.
Brick-and-mortar retailers are feeling pressure from online retailers, which have given consumers an earlier shopping option.
"In the past, online retailers have had Thanksgiving Day all to themselves," says Marshal Cohen, retail analyst with the NPD Group. "And what that means is by the time Black Friday comes around, a lot of consumers have already spent a bunch of money."
And today's last word in business: 'Tis the season for shopping days with names.
LINDA WERTHEIMER, HOST:
It's not just Black Friday anymore. With stores opening earlier and earlier, Black Friday is fast becoming Black Thursday. You might still go out and bargain hunt on Friday, but be warned, there's no rest for you on Saturday. There's now Small Business Saturday, when shoppers are encouraged to buy from local stores.