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Official 2009 Black Friday and Retail News Thread


bigjimslade

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This thread is to post news articles and news link about the 2009 Black Friday Shopping Season and Christmas Retail Shopping season.

 

Remember when posting an article please also post the link so we can give the news agency credit for the article and so other can reference it.

 

Please feel free to discuss the articles.

 

The articles dealing with the major stores will be moved to the sub-forums when they are open.

Edited by bigjimslade
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Sears, Kmart launch Christmas Club card

 

http://news.yahoo.com/s/ap/20090817/ap_on_bi_ge/sears_christmas_club_2

NEW YORK – Sears Holdings Corp. aims to get an edge over its competition this holiday season by getting shoppers to start saving for Christmas presents now through a new card that mimics an old-fashioned Christmas club account.

 

Shoppers can put aside money on a regular basis through Nov. 14 to add value to what it calls its Christmas Club card, according the Hoffman Estates, Ill.-based retailer, which operates Sears, Roebuck and Co. and Kmart stores.

 

When activated between now and Oc. 31, card holders can earn a 3 percent reward, up to a maximum of $100, based on the card's value.

 

The launch follows Sears' move last holiday season to resurrect its layaway program at its namesake department stores after a two-decade hiatus.

 

National Retail Federation's spokeswoman Ellen Davis said that while banks have Christmas Clubs to encourage customers to put aside money for Christmas, it's a "rare" move for retailers and reflects shoppers' worries that they don't want to rely on credit cards to finance their purchases amid financial concerns.

 

Based on research conducted for NRF, "I think shoppers like the idea of saving ahead for Christmas," Davis said.

 

Customers can activate or add value by visiting any Sears or Kmart location or by visiting http://www.sears.com/christmasclub or http://www.kmart.com/christmasclub.

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  • 1 month later...

A story about this same kind of talk was on my local news tonight! It was saying that electronics and big ticket items would be at rock bottom prices this year but with limited quantities. also was saying that WalMart is speculated to try and recover from last years poor black Friday sales!!! hmmm will I go to Target or WalMart?

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On the kmart/sears xmas card. Im not quite understanding the purpose of this. Yes its a way to save money. But a 3% reward, that means you would get 3 dollars for every 100 you put in. Im not a big shopper at Kmart(due to past experiences there) and sears i only go in to get something for the guys or it there is a good deal on electronics. Am i missing something about this deal?
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