Black Friday Worries

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According to this article, Black Friday Shoppers are opting out of the usual frenzied shopping day, because stores are diluting its effect with pre-Black Friday deep discounts.

Questions:
1. Why did FDR move Thanksgiving?
2. When did Black Friday begin to lose its luster and why?
3. Which of the retailing changes in the article do you think make the most sense?
4. In your opinion what does Black Friday tell us about consumer confidence?

Source:
Tabuchi, H. and N. Schwartz. (2015). Black Friday Falters as Consumer Behaviors Change. The New York Times, Nov. 25 (Retrievable online at http://www.nytimes.com/2015/11/26/business/black-friday-falters-as-consumer-behaviors-change.html)

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