Davidowitz: Black Friday Isn't What It Used to Be

The video discusses the evolving nature of Black Friday, noting its reduced significance due to the spread of holiday shopping and the rise of online sales. It highlights the positive impact of the election and market highs on retail, particularly for the top spenders. The discussion also covers changes in consumer sentiment and shopping habits, emphasizing a shift towards experiences over goods and the influence of low interest and energy prices on consumer spending.

How has Black Friday changed in recent years according to the video?

• It is now only an online event.

• It has completely disappeared.

• It is now a smaller part of a longer holiday shopping season.

• It has become more significant.

What is the expected impact of the election and market highs on retail sales?

• Positive impact due to increased consumer confidence.

• Decrease in sales due to higher taxes.

• Negative impact due to market instability.

• No impact as retail is unaffected by elections.

What percentage of spending is attributed to the top ten percent of consumers?

• 10%

• 25%

• 42%

• 60%

What structural change in consumer behavior is mentioned in the video?

• A shift from buying goods to buying experiences.

• Increased spending on goods over experiences.

• A decrease in online shopping.

• A rise in borrowing for luxury items.

What factors are contributing to good fundamentals for consumer spending?

• High taxes and low wages.

• Decreasing population and high unemployment.

• Low interest rates and low energy prices.

• High interest rates and high energy prices.