During "Black Friday", retailers offer deep sales and discounts. Knowing that a store may be legally responsible for what occurs on its property, what do you think are the "black friday" project risks the storeowners face and how would prepare for it? Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Very Good Question Mauro - I can't think of anything other than Exchange Rate. Like for example, a lot if people from Canada used to go to the outlets in the states to buy clothing but now, with the exchange rate difference, they don't anymore and the contrary is happening. Saving Changes...
Jianxin WangBA in Vancouver| VancouverHalifax, Nova Scotia, Canada
Based on the history data, people buy similiar things at this day each year, like clothing, and something with big discount(Maybe no use, only cheaper), so prepare more goods for that day.
Another risk is security, you can image lot of people crush into the store, I think one of the risk response method is online shop, you provide same price, and free ship. Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
The biggest risk is an unmanageable number of clients. You should take actions to deal with larger number of customers: security, in-store displays, entrances/exits, ...
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1 reply by Anupam
Nov 19, 2016 9:19 PM
Anupam
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Stéphane,
I believe you are already aware of the India’s Rs 500 And 1000 demonetization. Though there is no Black Friday here, but the situation is somewhat similar - unmanageable number of clients.
The biggest risk is an unmanageable number of clients. You should take actions to deal with larger number of customers: security, in-store displays, entrances/exits, ...
Stéphane,
I believe you are already aware of the India’s Rs 500 And 1000 demonetization. Though there is no Black Friday here, but the situation is somewhat similar - unmanageable number of clients.
I can see how it would create a similar effect to the US' Black Friday.
Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Nov 19, 2016 9:19 PM
Replying to Anupam
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Stéphane,
I believe you are already aware of the India’s Rs 500 And 1000 demonetization. Though there is no Black Friday here, but the situation is somewhat similar - unmanageable number of clients.
Black Friday? I've just seen an advertisement that some shops will open on Thursday at 5pm. I'm shocked, I'm not American, but as far as I know Thanksgiving dinner is one of the most important family dinners on the year. If they will open, it means that some workers will not enjoy this dinner, that people will not share time with their family because they will be in a line or pushing people during hours to get a 50 dollars rebate....
In this case, the main risk is that people like me will decide to don't go on Thursday in order to keep Thanksgiving as is.
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1 reply by Stéphane Parent
Nov 21, 2016 2:29 PM
Stéphane Parent
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That's the same debate we've had around Sunday shopping.
Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Nov 21, 2016 1:51 PM
Replying to Mayte Mata Sivera
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Black Friday? I've just seen an advertisement that some shops will open on Thursday at 5pm. I'm shocked, I'm not American, but as far as I know Thanksgiving dinner is one of the most important family dinners on the year. If they will open, it means that some workers will not enjoy this dinner, that people will not share time with their family because they will be in a line or pushing people during hours to get a 50 dollars rebate....
In this case, the main risk is that people like me will decide to don't go on Thursday in order to keep Thanksgiving as is.
That's the same debate we've had around Sunday shopping.
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1 reply by Mayte Mata Sivera
Nov 21, 2016 2:32 PM
Mayte Mata Sivera
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@Stéphane, that's true. I'm in Utah, there are some places closed :)
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