Black Friday: Big Crowds, Bigger Stakes
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 28 November 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Jack Bowman | Seeking Alpha
Take the quiz: Investment News Quiz - Friday, Nov. 28
Biggest stock movers Friday: BITF, and more
E-commerce sales surged in October amid generative AI push and heavy promotions
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to have you here on this Friday, November 28th. I'm Julie Morgan. |
| 0:13.1 | Black Friday arrives earlier and earlier each year, even though the day is always the Friday after Thanksgiving. |
| 0:20.0 | Today. You probably notice hints of red in store decorations back in August. even though the day is always the Friday after Thanksgiving, today. |
| 0:24.7 | You probably notice hints of red and store decorations back in August, |
| 0:27.1 | not to mention Christmas in July. |
| 0:31.2 | And then there was a special sale from your A to Z online retailer and its competitors in early October, |
| 0:34.0 | where consumers spent a total of $9.1 billion online, driven in part by competitive discounts |
| 0:40.7 | that peaked at 18% off the listed price. With that in mind, some analysts have warned that |
| 0:46.6 | holiday sales may have been pulled forward into October, from the traditional Black Friday to |
| 0:52.1 | Cyber Monday buying window happening this weekend. |
| 0:55.5 | But according to the National Retail Federation's latest survey, about 186.9 million people |
| 1:02.0 | are expected to shop from Thanksgiving Day through Cyber Monday, a new record and about |
| 1:07.6 | 3 million more than last year. |
| 1:09.9 | According to the survey, Black Friday is still |
| 1:12.3 | the biggest shopping day of the year, with about 70% of people surveyed. That's roughly 130.4 million |
| 1:19.3 | shoppers planning to head out the day after Thanksgiving. Cyber Monday comes next at 40%. Small business |
| 1:27.0 | Saturday is also expected to be busy, with 36% saying |
| 1:31.3 | they'll shop that day, mostly because they want to support a local business. I spoke to Jack Bowman |
| 1:37.1 | of Bowman Capital Management on Seeking Alpha about which retailers have the advantage as the big |
| 1:42.9 | shopping season kicks into high gear. |
| 1:45.4 | Costco and Walmart are my big two winners for this because I see the club value, right? |
... |
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