This Wednesday Is Black Friday for Grocery Stores
Most investors focus on which retailer will win Black Friday, even though the shortened Christmas shopping schedule this year means most businesses began offering deals much earlier than the unofficial kickoff to the holiday season. No one considers what the impact might be on supermarkets, and even they pretty much view it as just another Friday.
But supermarkets have their own big shopping day, one that sees store traffic often double in volume. Not surprisingly, it is the day before Thanksgiving, or what data analytics firm Placer.ai calls Turkey Wednesday. According to the company, "there may not be a bigger day for grocers."
Image source: Getty Images.
Source Fool.com
