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."
Didn't happen. But while we're on the subject, ever wonder why we carve our gobblers on the fourth Thursday of November? Hint: It's not because Thanksgiving Thursday is more alliterative than Thanksgiving Friday.
Originally published on Tue December 4, 2012 5:21 pm
The last time Kathy Neal's family had a big gathering, they got into a fight about politics.
At her niece's high school graduation in May, the conversation turned to gas prices, which led Neal to argue that oil companies were not just profiteering at the expense of consumers, but getting billions in government subsidies to boot.