Saturday, November 24, 2012

Dispatch From a Best Buy on Black Friday

BestBuy launched its Thanksgiving Weekend, Black Friday and one-day-only "Doorbuster" sales today. Most of their sales run from Thursday toAt the Best Buy in West Los Angeles, the madness began at the stroke of midnight. About 1,000 people of all religions and races camped outside in a line that stretched about three short blocks. The very first person in line was a young Hispanic nurse'sShoppers staked their claim at the front of the Black Friday line as early as Monday in order to get the best deals on electronics. Many people began tweeting their outrage at the shoppers, calling them "insane" and suggestingThe Thanksgiving dishes were in the dishwasher. It was 11 p.m. and Black Friday was just an hour away. I was standing in front of the Best Buy in Wilton, New York. I had come to witness the sport of shopping.This week Best Buy's third-quarter financial results came in even weaker than the company had warned, prompting a selloff of its shares, which have fallen to a millennium low. The stock is down almost 50% so far this year. Absent radical action, the
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