Quoted – Many stores to conduct business on Thanksgiving Day – Walletpop.com

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Many retail employees are forgoing Turkey Day with their families to offer a jump start on the Black Friday shopping mania.

According to the USA Today, Wal-Mart, Old Navy, and Radio Shack on the West Coast will entertain shoppers who decide to splurge after a hearty meal.

So will Toys R Us, says an earlier Walletpop post and Boscov’s and certain Banana Republic/ Gap stores. These retailers will join Kmart, Walgreen’s and other drug and grocery stores who began the tradition years ago.

“It’s a big trend for retailers,” said Scott Testa, professor of business administration at Cabrini College in Philadelphia in a phone interview. “I think a certain percentage of the population will go and shop especially if they can beat the Black Friday crowd.”

http://www.walletpop.com/blog/2009/11/25/many-stores-to-conduct-business-on-thanksgiving-day/

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Quoted – 6 Old-School Savings Tricks Are Back – SmartMoney Mag

A typical flea market shop, in Germany
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Quoted – 6 Old-School Savings Tricks Are Back – SmartMoney Mag

It’s no secret that consumers have grown more frugal: Excessive spending is out and saving is in.

Like fashion, spending trends often cycle in and out, but what’s interesting about this go-round at frugality is how it’s playing out. Old savings strategies are seeing a resurgence, and some of the most popular tactics – couponing, layaway and haggling – date back to prior recessions.

Will those practices someday go the way of padded shoulders and track suits? It may take years or even decades, but the larger population will eventually end up back in the “greed is good” mentality, says Scott Testa, an assistant professor of business administration at Calibri College in Radnor, Pa

In recent years, bargaining for a lower price has been relegated to yard sales and flea markets, but that’s beginning to change. “Now, consumers are much more creative and frankly, much more aggressive about asking for a better price,” Testa says. To retain customers amid slowing sales, even mainstream retailers are open to negotiation on prices — especially if you can point to better deals at a competitor.

Thanks to the credit crunch, retailers and consumers are looking at these old options, which had faded with disco. “They went away as people bought things on credit and found other ways to pay,” Testa says. Last year, Sears (SHLD: 64.18, +0.34, +0.53%) and Kmart heavily promoted their longstanding layaway programs. This year, they introduced a new Christmas Club that matches 3% of consumers’ savings.

http://www.smartmoney.com/Spending/Budgeting/6-Old-School-Savings-Tricks-Make-a-Comeback/


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