Secrets of the Job Hunt


Wednesday, November 10, 2010

Dallas Sales Jobs Impacted by Fewer Black Friday Shoppers

Could a decrease in shopping the day after Thanksgiving affect Dallas sales jobs in the retail industry? Visit to find available opportunities.

The most recent First Command Financial Behaviors Index found that the majority of middle-class families will stay home on Black Friday and that only 9 percent of these consumers plan to begin their holiday shopping on that day.

Those 9 percent of shoppers are most likely the people who are most worried about their financial situation. These people are the ones who don't have a lot of money to spend, but still want to give their families a great holiday, so they go out of their way to get any good deals they can.

"The relatively small core of middle-income people who intend to aggressively hit the stores on the day after Thanksgiving tend to be more financially troubled than the stay-at-home majority," Scott Spiker, CEO of First Command Financial Services, said. "They are particularly concerned about personal debt and job security and are more likely to cut back in general.

"Even though these people are concerned about their financial situation, they still want to be able to give their kids a great holiday experience," he continued. "Doing all or most of their shopping on Black Friday is a way for them to take advantage of deals and discounts on the products that their children want most."

However, that doesn't mean that the remainder of the middle class is financially secure either, according to the Fort Worth-based financial planning firm.

When it comes to overall holiday shopping, more than half of middle-class consumers plan to reduce their spending by $300, while two out of five people plan to reduce their spending by more than $400 when compared to last year.

First Command predicts that these decreases in holiday shopping expenses so early in the season could have a very negative impact on some larger businesses and seasonal jobs, including locally-based J.C. Penny Company and Pier I Imports.

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