I guess everyone is aware of the marketing power of the Black Friday slogan, and what the day itself has come to mean. For sure there are chances to buy various items at lower prices than normal, shortly before facing the all out assault for your money that is the run-in to Christmas.
However we also know that most retailers use this day to abandon any sort of market based approach, and try and clear the shelves, a quick cash grab if you will. This day allows Sales departments to run the rule over well planned marketing campaigns, and try and flog as much gear as possible, whatever the margin trade off is.
This sales led approach essentially allows businesses to drop their interest in customer requirements for a day, and start telling them what they should be buying instead. This day was designed to grab people who were looking for a cheap laptop, and convince them to buy a new television instead. The convincing mechanism is a discount! Groundbreaking.
Long have discounts been looked upon with cynicism by today's brand savvy consumers. Rather than give us a discount on something for one day of the year, how about look at the price of things we want year round? Poundland anyone?
'Fitness' related businesses selling t-shirts, supplements and meal plans must be the biggest exponent of the discount strategy. There is never less than 10% off, or a buy one get one free, or even the famous 'Penny Sale' of a certain high street health related retailer.
We would prefer these retailers to actually find out what people want, and temper a long term strategy around that. Loyalty works both ways, if you decided to buy your regular group a friends a round of drinks just one day of the year, I'm not sure how popular you would be.