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More Black Friday shoppers return to stores, chasing deals

By Arriana McLymore and Siddharth Cavale RALEIGH, N.C./ NEW YORK (Reuters) - The days of early morning Black Friday shopping are behind most consumers, but for Lex Uribe in Las...
More Black Friday shoppers return to stores, chasing deals © Reuters. FILE PHOTO: A woman passes by signs advertising sales of Black Friday in the Manhattan borough of New York City, New York, U.S., November 26, 2021. REUTERS/Jeenah Moon/File Photo
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By Arriana McLymore and Siddharth Cavale

RALEIGH, N.C./ NEW YORK (Reuters) - The days of early morning Black Friday shopping are behind most consumers, but for Lex Uribe in Las Vegas the biggest shopping holiday of the year is a family bonding event.

After weeks of passing up early Black Friday deals from Walmart (NYSE:WMT), Target (NYSE:TGT) and Amazon (NASDAQ:AMZN), Uribe is on the hunt for a Nintendo Switch (NYSE:SWCH) and video games for her daughter, Tupperware (NYSE:TUP) for her kitchen and a vacuum cleaner.

Checking off items from the holiday list is "just cheaper" on Black Friday, plus, "it's our favorite day of the year, so we just wait," Uribe said.

Uribe joins millions of shoppers who waited for what they hope might be the deepest discounts of the holiday season on Black Friday, despite an industry-wide push by retailers to get shoppers to buy holiday items starting in October.

An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the National Retail Federation.

This figure is almost 8 million more people than last year.

The waiting game by shoppers has forced retailers to offer steep discounts on items, which may pinch profit margins in the fourth quarter.

Target, Macy's (NYSE:M) and Best Buy have also warned that they will need to discount more this November and December than in the previous two years as shoppers delay making purchases.

Walmart has ramped up marketing for the holiday, purchasing ad space on Twitter and Instagram, during National Football League games and on billboards near New York City's Penn Station with the hopes of getting customers to shop early and frequently ahead of Black Friday.

Americans, especially from low-income households, are expected to pull back on their holiday shopping this year as inflation and higher energy prices pinch their spending power.

A survey of nearly 1,700 U.S. consumers by S&P Global (NYSE:SPGI) Market Intelligence shows that 26% of respondents are looking to spend less this holiday season, 66% say they will spend roughly the same amount as last year. Only 7% say they will spend more.

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06-12-2022 01:38:45 (UTC+7)

EUR/USD

1.0502

-0.0036 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (5)

EUR/USD

1.0502

-0.0036 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (5)

GBP/USD

1.2191

-0.0097 (-0.79%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

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Buy (2)

Sell (5)

USD/JPY

136.62

+2.32 (+1.72%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (2)

AUD/USD

0.6710

-0.0079 (-1.16%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

USD/CAD

1.3577

+0.0109 (+0.81%)

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↑ Buy

Moving Avg:

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EUR/JPY

143.51

+1.98 (+1.40%)

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EUR/CHF

0.9892

+0.0021 (+0.21%)

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1,781.30

-28.30 (-1.56%)

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Silver Futures

22.433

-0.817 (-3.51%)

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Neutral

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3.7960

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77.92

-2.06 (-2.58%)

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83.63

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5.612

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163.42

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3,956.53

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4,007.20

-64.50 (-1.58%)

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14,447.61

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7,567.54

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19,518.29

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Buy

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1,837.25

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8,370.10

-7.80 (0.00%)

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47.970

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53.09

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122.06

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7.766

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135.44

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10.150

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Sell (3)

    EUR/USD 1.0502 ↑ Sell  
    GBP/USD 1.2191 ↑ Sell  
    USD/JPY 136.62 ↑ Buy  
    AUD/USD 0.6710 ↑ Sell  
    USD/CAD 1.3577 ↑ Buy  
    EUR/JPY 143.51 ↑ Buy  
    EUR/CHF 0.9892 ↑ Buy  
    Gold 1,781.30 ↑ Sell  
    Silver 22.433 Neutral  
    Copper 3.7960 Neutral  
    Crude Oil WTI 77.92 ↑ Sell  
    Brent Oil 83.63 ↑ Sell  
    Natural Gas 5.612 ↑ Sell  
    US Coffee C 163.42 ↑ Sell  
    Euro Stoxx 50 3,956.53 ↑ Sell  
    S&P 500 4,007.20 ↑ Buy  
    DAX 14,447.61 ↑ Sell  
    FTSE 100 7,567.54 ↑ Sell  
    Hang Seng 19,518.29 Buy  
    Small Cap 2000 1,837.25 Buy  
    IBEX 35 8,370.10 ↑ Sell  
    BASF 47.970 Sell  
    Bayer 53.09 ↑ Buy  
    Allianz 203.00 Buy  
    Adidas 122.06 ↑ Sell  
    Lufthansa 7.766 ↑ Buy  
    Siemens AG 135.44 ↑ Buy  
    Deutsche Bank AG 10.150 Neutral  
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# So hôm qua # Chênh TG
SJC Eximbank6,610/ 6,680
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