1 of 14

Deals for Days

We have retired this resource and it is no longer being maintained. �Please visit https://www.ngpf.org/fincap-friday/ for the newest resources.

2 of 14

1. Black Friday is the day after Thanksgiving each year. Why is it a big deal for business?

  1. Lots of prospective job applicants come in to the stores
  2. It's the ONLY major annual shopping sale day each year
  3. Black Friday has traditionally been the most popular day to shop
  4. It's an official holiday for shopping in the United States

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

3 of 14

1. Black Friday is the day after Thanksgiving each year. Why is it a big deal for business?

  • Lots of prospective job applicants come in to the stores
  • It's the ONLY major annual shopping sale day each year
  • Black Friday has traditionally been the most popular day to shop
  • It's an official holiday for shopping in the United States

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

4 of 14

2. Most stores are canceling doorbuster sales and in-store events in 2020 because...

  • they don't want to run out of products
  • they don't want to risk overcrowding in a pandemic
  • they don't have enough inventory to meet the demand
  • they're emphasizing spending on experiences, not physical goods

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

5 of 14

2. Most stores are canceling doorbuster sales and in-store events in 2020 because...

  • they don't want to run out of products
  • they don't want to risk overcrowding in a pandemic
  • they don't have enough inventory to meet the demand
  • they're emphasizing spending on experiences, not physical goods

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

6 of 14

3. Store traffic during the holiday season is expected to be down _________ compared to last year.

  • 75%
  • 50%
  • 25%
  • 10%

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

7 of 14

3. Store traffic during the holiday season is expected to be down _________ compared to last year.

  • 75%
  • 50%
  • 25%
  • 10%

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

8 of 14

4. To offer Black Friday deals during covid 19, major retailers & companies are doing all of the following, except:

  • Decreasing in-store-only offers
  • Moving the big sales to online-only
  • Starting sales earlier & running later
  • Requiring in-store pick up

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

9 of 14

4. To offer Black Friday deals during covid 19, major retailers & companies are doing all of the following, except:

  • Decreasing in-store-only offers
  • Moving the big sales to online-only
  • Starting sales earlier & running later
  • Requiring in-store pick up

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

10 of 14

5. What did Walmart, Target, Bed Bath & Beyond and Best Buy all announce recently?

  • They will all be closed on Thanksgiving day
  • They will be open 24 hours to allow more shopping time
  • They will have strict social distancing in-stores on Thanksgiving
  • They will limit in-store customers to 20 minutes of shopping time

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

11 of 14

5. What did Walmart, Target, Bed Bath & Beyond and Best Buy all announce recently?

  • They will all be closed on Thanksgiving day
  • They will be open 24 hours to allow more shopping time
  • They will have strict social distancing in-stores on Thanksgiving
  • They will limit in-store customers to 20 minutes of shopping time

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

12 of 14

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

You’ve completed the exercise, now it’s time to learn

more about the current event:

13 of 14

Discussion Prompt:

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

How have your shopping experiences changed during the covid 19 pandemic?

14 of 14

Extend Your Learning

DEALS FOR DAYS | NOVEMBER 13, 2020 EDITION | NEXT GEN PERSONAL FINANCE

Three Relevant Resources from NGPF:

  • How much money do consumers spend on the internet every 60 seconds?

(Question of the Day)

  • Compare: Comparison Shopping (Activity)
  • PROJECT: Plan a Friendsgiving Dinner (Activity)

References:

  • How the holiday shopping season is different amid COVID-19 (USA Today)
  • How Will COVID-19 Affect Black Friday 2020? (dealnews.com)
  • When Is Black Friday 2020? Deals Aren't Canceled - Shopping Will Look Different

(goodhousekeeping.com)

  • Walmart, other retailers turning Black Friday ‘into an entire season’ (Acorns.com)