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  1. #1
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    Stores... holding back console stock!

    Ok, so I was with a friend today talking about the Xbox One, PS4, etc. I asked when they were getting more PS4's in and how many Xbox One's they have available for tomorrow.

    He told me that they have a crate of PS4's and a crate of Xbox One's in the back. I asked why the PS4 systems weren't out on the shelves!!! He said they aren't allowed to sell them. There are 20 boxes per crate, three systems in each box. They are all being held for the "Years Event".. aka Black Friday! I asked him what kind of deal they will have.. "NONE"..

    So they will have no more PS4 systems out for sale since it launched on the 15th; until Black Friday. Tomorrow they will have 7 Xbox One systems available, five of which were pre-ordered.

    I called bs on it. He said, "Follow me". So we walked back to the storage section, and he showed them to me. I was floored.




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    When is this "black Friday" then?
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  3. #3
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    Quote Originally Posted by Duffman1986 View Post
    When is this "black Friday" then?
    November 28 2013. That's ridiculous that they are pulling that supply demand gimmick. Assholes.

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    Quote Originally Posted by Duffman1986 View Post
    When is this "black Friday" then?
    Nov 29th. Day after Thanksgiving
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    Quote Originally Posted by Duffman1986 View Post
    When is this "black Friday" then?
    Black Friday is the day after Thanksgiving Holiday - which in the US is the 4th Thursday of the month of November. And more importantly this year it's the EU PS4 launch day



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    Quote Originally Posted by Christopher View Post
    Nov 29th. Day after Fake Thanksgiving
    fixed*

    well it's walmart



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    Quote Originally Posted by TAZ427 View Post
    Black Friday is the day after Thanksgiving Holiday - which in the US is the 4th Thursday of the month of November. And more importantly this year it's the EU PS4 launch day
    Cheers everyone, is black Friday something they do every year then? What is it about?
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  8. #8
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    That's messed up but not surprising coming from Wal-mart. I'll have to be sure to tell my sister about this. She called around everywhere to pick up one for her son and even waited in line but didn't make it before they sold out. I have a love/hate relationship with Black Friday. I love the great deals but hate how people forget to act human. This is bad on both counts because you'll have to put up with those people and it will still be the same price.

    Quote Originally Posted by Duffman1986 View Post
    Cheers everyone, is black Friday something they do every year then? What is it about?


    It's the day after Thanksgiving when most of the big stores will have pretty good sales. I picked up the entire Harry Potter Blu Ray collection last year for $24. It's also a day of chaos. YouTube black Friday to see the insanity.
    Last edited by ManaBurnX; 11-21-2013 at 15:04.

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    Quote Originally Posted by -Dj- View Post
    Nov 29th. Day after Fake Thanksgiving

    fixed*

    well it's walmart
    LOL, At least I qualified it Many countries have a Thanksgiving.



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    That's nuts! Wal-mart is such an evil $#@!ing company though, way worse than most other corporate giants...I refuse to go to their stores anymore...


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    Quote Originally Posted by Duffman1986 View Post
    Cheers everyone, is black Friday something they do every year then? What is it about?
    It stem's from a long history of the day after Thanksgiving in the US being a major shopping day for Xmas Holiday (Thanksgiving is a major holiday in the US) and so the stores books would go from being in the 'Red' from stock piling for the holidays to being in the 'Black' for the year (they became profitable.)

    Eventually, it became a day of sales as well, to draw more customers into your stores. And even more recently (last couple of decades) they've had absurd prices on a few high end items (and usually only had a few of them in the stores for sale.) Leading to people lining up outside before hand to make the mad dash for the items.

    Then moving to Midnight openings, and more recently opening Thursday night (last few years.)

    It's a mad house event, and Wal Mart is the worst for it. I avoid Wal-Mart like a plague this day.



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    Quote Originally Posted by F34R View Post
    Ok, so I was with a friend today talking about the Xbox One, PS4, etc. I asked when they were getting more PS4's in and how many Xbox One's they have available for tomorrow.

    He told me that they have a crate of PS4's and a crate of Xbox One's in the back. I asked why the PS4 systems weren't out on the shelves!!! He said they aren't allowed to sell them. There are 20 boxes per crate, three systems in each box. They are all being held for the "Years Event".. aka Black Friday! I asked him what kind of deal they will have.. "NONE"..

    So they will have no more PS4 systems out for sale since it launched on the 15th; until Black Friday. Tomorrow they will have 7 Xbox One systems available, five of which were pre-ordered.

    I called bs on it. He said, "Follow me". So we walked back to the storage section, and he showed them to me. I was floored.
    That's common. Holding high public draw inventory for Black Friday even if they aren't running a special on that inventory. They're not required to sell it to you. They can't by law refuse to sell it to you because you're black or white or a Pacific Islanders. But they can refuse to sell it to anyone, period, until they want to sell it. The only way to change that is voting with your wallet. Don't shop at Walmart. I've only seen wallet-voting work twice on Walmart. Once when they persisted in refusing to carry books, music and movies that didn't fit within the ostensible moral confines of midwestern American Christianity and conservative politics. They lost business and start carrying a much broader selection of media, though of course that better suited their revenue, anyway, since people obviously wanted to buy it form them. Then when they got caught almost chain-wide compelling employees to work off the clock, again they lost business, but they still didn't completely clean up that mess until the federal government starting nosing around.

  13. #13
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    Quote Originally Posted by TAZ427 View Post
    It stem's from a long history of the day after Thanksgiving in the US being a major shopping day for Xmas Holiday (Thanksgiving is a major holiday in the US) and so the stores books would go from being in the 'Red' from stock piling for the holidays to being in the 'Black' for the year (they became profitable.)

    Eventually, it became a day of sales as well, to draw more customers into your stores. And even more recently (last couple of decades) they've had absurd prices on a few high end items (and usually on a few of them in the stores for sale.) Leading to people lining up outside before hand to make the mad dash for the items.

    Then moving to Midnight openings, and more recently opening Thursday night (last few years.)

    It's a mad house event, and Wal Mart is the worst for it. I avoid Wal-Mart like a plague this day.
    Thanks for that, been hearing about it but never really understood why it happened!
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  14. #14
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    Quote Originally Posted by TAZ427 View Post
    It stem's from a long history of the day after Thanksgiving in the US being a major shopping day for Xmas Holiday (Thanksgiving is a major holiday in the US) and so the stores books would go from being in the 'Red' from stock piling for the holidays to being in the 'Black' for the year (they became profitable.)

    Eventually, it became a day of sales as well, to draw more customers into your stores. And even more recently (last couple of decades) they've had absurd prices on a few high end items (and usually on a few of them in the stores for sale.) Leading to people lining up outside before hand to make the mad dash for the items.

    Then moving to Midnight openings, and more recently opening Thursday night (last few years.)

    It's a mad house event, and Wal Mart is the worst for it. I avoid Wal-Mart like a plague this day.
    It's also a retail market myth and these days purely a marketing gimmick. Few profitable retail stores are not profitable until Black Friday and they never have been unprofitable until Black Friday unless there're just unprofitable stores and/or companies. The holiday shopping season is substantially important to American retail but it's the account of the whole season after returns and refunds around the first of the new year.

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    Quote Originally Posted by sanfordmay View Post
    It's also a retail market myth and these days purely a marketing gimmick. Few profitable retail stores are not profitable until Black Friday and they never have been unprofitable until Black Friday unless there're just unprofitable stores and/or companies. The holiday shopping season is substantially important to American retail but it's the account of the whole season after returns and refunds around the first of the new year.
    Actually, I said it "stem's from it." Say that it's the origin's, not that it's true today.

    And I didn't say they were unprofitable, they were profitable. I stated they went into the 'Red' when stockpiling for the Holidays, this are two different things. You have to spend money to make money.

    This is fact not fiction. That said, it's often incorrectly told because it's just easier to say that's when the go into the Black for the year than to explain it.

    That said, today, retailers like Wal-mart would not be going into the 'Red' for Holiday Stockpiling. A lot of this has to do with more efficient shipping/warehousing so they don't stockpile everything for the whole holidays ahead of time like was the policy of the smaller stores of the past.

    I stated where the term came from and what it's been morphed into. But the origin's wasn't a market myth.



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    Quote Originally Posted by TAZ427 View Post
    Actually, I said it "stem's from it." Say that it's the origin's, not that it's true today.

    And I didn't say they were unprofitable, they were profitable. I stated they went into the 'Red' when stockpiling for the Holidays, this are two different things. You have to spend money to make money.

    This is fact not fiction. That said, it's often incorrectly told because it's just easier to say that's when the go into the Black for the year than to explain it.

    That said, today, retailers like Wal-mart would not be going into the 'Red' for Holiday Stockpiling. A lot of this has to do with more efficient shipping/warehousing so they don't stockpile everything for the whole holidays ahead of time like was the policy of the smaller stores of the past.

    I stated where the term came from and what it's been morphed into. But the origin's wasn't a market myth.
    My post wasn't a correction of your post, just a footnote. That is the origin. Although the origin is for the most part a myth. Even stockpiling inventory for the holidays most successful stores didn't go into the red buying in inventory. They were just less black in liquid assets. Inventory + cash, they stayed as much in the black as they ever were. Some used lines of credit to stock up but the inventory they bought with credit balanced out the debt. Maybe we can agree on apocryphal instead of outright myth in all circumstances.

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    Quote Originally Posted by Christopher View Post
    Nov 29th. Day after Thanksgiving
    I meant to say 29th wow... I did a week from today not a week from tomorrow. Doh!

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    Quote Originally Posted by AquaInferno View Post
    November 28 2013. That's ridiculous that they are pulling that supply demand gimmick. Assholes.
    They aren't pulling a supply/demand anything. Doing so would mean by holding the console back they are increasing the value so they can turn around and sell it for more later....which isn't what they are doing.

    They are simply in a holding pattern to ensure console roll outs during during special occasions. For all we know it could be a directive from Sony themselves, seeing as they are claiming to have console available during holiday times.

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    Quote Originally Posted by shepard View Post
    They aren't pulling a supply/demand anything. Doing so would mean by holding the console back they are increasing the value so they can turn around and sell it for more later....which isn't what they are doing.

    They are simply in a holding pattern to ensure console roll outs during during special occasions. For all we know it could be a directive from Sony themselves, seeing as they are claiming to have console available during holiday times.
    Supply/demand thing is $1 bottled water held back on a hurricane warning so they can sell it for $18 if the hurricane hits. Holding it and selling it for $1 after the hurricane hits, that's just readiness. The former is also gouging and illegal in most states, though selling a $400 game console for $600 due to artificial supply constraints wouldn't meet the legal standard for price gouging.

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    Quote Originally Posted by sanfordmay View Post
    My post wasn't a correction of your post, just a footnote. That is the origin. Although the origin is for the most part a myth. Even stockpiling inventory for the holidays most successful stores didn't go into the red buying in inventory. They were just less black in liquid assets. Inventory + cash, they stayed as much in the black as they ever were. Some used lines of credit to stock up but the inventory they bought with credit balanced out the debt. Maybe we can agree on apocryphal instead of outright myth in all circumstances.
    I think I see what you're getting at here. And the fact that you're talking overall financials (credit) going into the red, while this is referring to the fiscal year, going into the red and coming back into the black for the fiscal year. And they vast majority of retail stores used to go into the red for the fiscal year when stockpiling for the holidays.

    Keep in mind that this term has been in use since the 1960's when the vast majority of stores were individually owned, and even the big chains like Sears Roebuck would stockpile and go into the red (fiscal year red - not overall credit red)



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    This subject line is way off topic. It is about Walmart practices, nothing to do specifically to either console. Did Walmart have PS4 pre-orders? Didn't hear anything about that. In any case, the PS4's they have are part of the second shipment. For the US, the next chance to grab a console without a preorder is when some hit the retail shelves. In Walmart's case, in past years, they have always had some crowd draw for Black Friday, like extremely cheap HDTV. You know that if they advertise PS4's and XBone's on the shelf for Black Friday, there are going to be huge crowds waiting for the doors to open. As much as Walmart acts horrified at their annual people herd stampedes, in the board room, they are gorging on the publicity and exposure. So what if a few people get trampled and there is a gunfight in the parking lot. That is 'Murica.

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    Last edited by Bligmerk; 11-21-2013 at 16:39.
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    Quote Originally Posted by AquaInferno View Post
    November 28 2013. That's ridiculous that they are pulling that supply demand gimmick. Assholes.

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    This is actually accurate, some retailers such as Walmart and Best Buy will start the doorbuster deals November 28th at 6:00PM.


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    Quote Originally Posted by MonkeyClaw View Post
    That's nuts! Wal-mart is such an evil $#@!ing company though, way worse than most other corporate giants...I refuse to go to their stores anymore...
    I used to work at walmart and yeah that is a evil company.. they force people to work overtime and not even pay them 90% of the time.

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    Quote Originally Posted by TAZ427 View Post
    I think I see what you're getting at here. And the fact that you're talking overall financials (credit) going into the red, while this is referring to the fiscal year, going into the red and coming back into the black for the fiscal year. And they vast majority of retail stores used to go into the red for the fiscal year when stockpiling for the holidays.

    Keep in mind that this term has been in use since the 1960's when the vast majority of stores were individually owned, and even the big chains like Sears Roebuck would stockpile and go into the red (fiscal year red - not overall credit red)
    Yep. I'm talking balance sheet and you're talking fiscal year revenue versus expense and no doubt in the history of retail, stockpiling did cause some companies expenses to exceed revenue for the fiscal year until they sold that stockpiled inventory. Red and black are simple, memorable and common terms but probably misleading in this scenario because they refer to colors of ink in which credits and debits are recorded on balance sheets. I mean, way back when. Half the people on this forum are reading this and thinking, What's ink? You mean e-ink? Cause so far in what's available in commercial products, that's all black.

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