Macy's Uses Gift Cards to Lure Shoppers on Black Friday

The transcript discusses Macy's Black Friday expectations, highlighting a busy shopping day despite past predictions of decline. It covers Macy's strategy for sustainable growth, focusing on successful brands like Karl Lagerfeld and French Connection. The transcript also compares retail performances, noting Walmart's success and Target's struggles. Finally, it details discounts on consumer electronics and toys, with potential tariff impacts on future prices.

What was the expected number of people shopping on Black Friday according to the National Retail Federation?

• 100 million

• 131.7 million

• 200 million

• 150 million

Which brand is Macy's focusing on for sustainable growth?

• Gucci

• Karl Lagerfeld

• Adidas

• Nike

What is one of the strategies Macy's is using to attract price-sensitive shoppers?

• Offering free shipping

• Providing $10 gift cards

• Launching a new app

• Hosting exclusive events

What percentage discount was expected on consumer electronics during Black Friday?

• 15%

• 27.2%

• 30%

• 40%

What is a potential future concern for consumers regarding product pricing?

• Rising tariffs

• Increased competition

• Higher shipping costs

• Limited stock availability