Best Buy, Apple: Doug Kass' Views - TheStreet

Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.

My Black Friday Field Report

Originally published at 7:37 a.m. EST on November 27, 2015

I traveled to  Best Buy (BBY) - Get Report at three South Florida locations last night to check things out ahead of Black Friday.

I spoke to all three shops' general managers, and here are their responses to my questions regarding store traffic:

Store No. 1: "Our business is probably flat with 2014. The big sellers continue to be flat-screen TVs, which were higher year over year. But most other products were lower."

Store No. 2: "Thus far, it's only been a few hours, (but) sales traffic is probably slightly lower than last year. Computer peripherals and televisions are the predominant sales categories."

Store No. 3: "Our business appears to be a bit above last Black Friday, but it's only been a few hours."

Based on these observations and others, my feeling is that retailers' holiday promotional activity started weeks ago. When combined with Internet shopping, that should "borrow" from revenues on both Black Friday and into the future.

P.S. In case you're wondering, I purchased a Pioneer stereo component system (about 35% off) and one product from Apple (AAPL) - Get Report -- a Mac Air that was $100 off.

Position: Long BBY

At the time of publication, Kass and/or his funds were long BBY, although holdings can change at any time.

Doug Kass is the president of Seabreeze Partners Management Inc. Under no circumstances does this information represent a recommendation to buy, sell or hold any security.