Why it’s called “Black” Friday, I don’t know. Why not “Sale” Friday or “Green” Friday, because green is really what it’s all about. Of course, if that cool new flat screen OLED TV can be sold today for $12.39, why did it cost $2,097.99 last week? Of course, we all know that it costs more to make, market and sell than the ridiculously low price being offered today. We also know that the neither the company whose name is on the TV, as well as the company whose name is on the store or website selling the TV, have to make a profit or they won’t stay in business. So what gives?
There are, obviously, two big reasons why retailers do this. First, because they have to clear out merchandise that didn’t sell at full price. It’s not doing them any good to have back rooms filled with unsold TVs, each representing money tied up in inventory that’s going nowhere fast. Plus, if the back room is full, where will they put the incoming, next year’s, new and improved, not to mention more expensive, stuff? Continue reading
