CALGARY- Forget Boxing Day blowouts. Over the last few years, it’s been all about Black Friday and Cyber Monday, as shoppers look to cash in on deals early.
A number of malls in the city are opening early on Friday, in hopes of attracting shoppers.
Canadian Tire got the deals going early, slashing prices for what’s been called Red Thursday. There was a lineup 50 people deep at one of their northeast locations, at 7 a.m.
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Black Friday has typically been an American event, but has spread to Canada amid much excitement. Economists say it gives stores a chance to drive up sales at the time of year they count on to bring in the most revenue.
However, not everyone thinks the shopping frenzy will stand the test of time.
“There’s a novelty aspect to it that I think people find amusing,” says David Allwright, dean of the school of business at Bow Valley College. “But in five years’ time, that will be gone.”
Small business owners add that those looking to take advantage of deals should consider buying local, to keep cash in the community.
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