As retailers and consumers adapt to the pandemic, what will Black Friday look like this year?
According to NerdWallet, the mega shopping discount day will still take place, but with significant changes.
“Being there at the crack of dawn, waiting in lines, the hustle and bustle in the store — that’s probably not going to exist," said Jane Boyd Thomas, professor of marketing at Winthrop University.
“I’m expecting that Black Friday as we have grown to know it cannot exist in a Covid world, said Michael Brown, a partner in the consumer practice of Kearney, a global strategy and management consultant.
Experts expect Black Friday sales will shift further online. Consumers will also likely opt for contactless curbside pickup. It’s likely buyers will gravitate towards sales on computers and other technologies needed for work-from-home. Experts say it’s likely Black Friday sales will be extended over multiple days.
Of course, what Black Friday looks like in 2020 will depend on the state of the pandemic in the U.S.
However, one thing’s already clear: many big retailers are closing shop on Thanksgiving Day. Walmart (WMT) - Get Walmart Inc. Report, Best Buy (BBY) - Get Best Buy Co., Inc. Report, and Target (TGT) - Get Target Corporation Report all announced they will be closed for the holiday.
“We know this has been a trying year, and our associates have stepped up. We hope they will enjoy a special Thanksgiving Day at home with their loved ones," said John Furner, president and CEO of Walmart U.S.
Watch More on the Coronavirus Pandemic From TheStreet.com:
- Coronavirus: The Latest Numbers on the COVID-19 Pandemic
- The U.S. Economy Just Contracted at a Record Pace
- Coronavirus Update: What Merck, Chevron, Colgate-Palmolive, Caterpillar Said About the Pandemic
- Which Major Retailers Require Customers to Wear Masks?
- What the Coronavirus Relief Package Means for the Self-Employed