Also heard this AM that purchasing on credit vs. debit was higher than it has been in previous couple of years, suggesting a change in buyers attitiude. Sometimes I think it is dangerous to ascribe too much to the numbers, but perhaps that conclusion is correct.
True, numbers really look impressive infact some analysts are calling it a record year. Analysts cited a number of reasons for this jump, including extended store hours, good weather, increased online shopping and pent-up demand.
@ Barbara, the discounts may hurt the manufacturers profit margins, but at least they got rid of old inventories that may have otherwise continued to stay in the warehouses at added cost and tying down capital.
BGR reports that online balck friday sales grew from 24.3% over 2010 and total black friday spending rose 39.3% over last year sales. Mobile sales increased to 9.8 percent from 3.2 percent last year. The numbers only is the valid proof to say holiday spending went on high....
From what I hear, Black Friday in the US went pretty well. However, prices were heavily discounted, so for consumers, it was great, but manufacturers may have problems reaching the level of profitbaility they expect.
Quick update - No surprise what people are interested in this holiday season at least in the mall and department stores in Barcelona: tablets. Had to stop in for something else Saturday late afternoon, and crowds of people were ohhing and ahhing over a half dozen tablets on display. iPads, of course, seemed to get the most attention. There also seemed to be some interest in e-readers, and people are always lingering around the camera section. Wasn't close to an iPhone mobile operator, so no word on that.
@ Jaden, well said! I am of the opinion that this economy will change the way we consume products for good. Current generation came in at the time of prosperity and had to do very little to get a lot. Now its gut check time, and the free stuffs or subsidized things are long gone. We will henceforth be guided by needs not wants, especially if this economic gloom tarries a little longer!
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.