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Industry Focus

CG: Is Black Friday Over?

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 1 December 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

The combined sales of Black Friday and Cyber Monday in 2020 are shaping up to be the biggest shopping day in recent history. At the same time, the United States is facing unprecedented unemployment and uncertainty. What should consumer good investors make of this shopping holiday? And is Black Friday really dead?

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Transcript

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0:00.0

Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.

0:11.0

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seidful. I'm

0:14.7

Dylan Lewis. And today we're talking financials. Today we're talking

0:18.2

consumer goods. Wild-Carp! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.

0:27.3

Welcome to Industry Focus. Today is Tuesday, December 1st and I'm'm your host, Emily Flippin.

0:33.2

For today's Consumer Goods episode, I am joined by the Motley Fool's Osset Sharma to talk about one of the biggest

0:38.9

days in the year for Consumer Goods Companies, that's Black Friday, and, by extension, Cyber Monday,

0:46.4

which we just finished off heading into today.

0:49.3

Osset, thank you so much for joining.

0:51.3

Emily, thanks, as always for having me.

0:53.5

I am so pumped to talk about shopping, my favorite activity.

0:58.6

This is always a fun, fun episode to tape during the year because it seems like every year there's new exciting deals,

1:06.5

there's different strategies that companies play to try to get consumers out and shopping on Black Friday,

1:12.4

and clearly this year has been a little bit different but before we get into the meat of it I have to ask the fun question first which is did you buy anything on Black Friday or I'll say Cyber Monday? Let's include it together Black Friday or Cyber Monday.

1:26.4

So I must say Emily I was being a little facetious there when I said that my favorite activity is shopping.

1:31.4

I didn't buy anything on Black Friday, but you know let's

1:36.4

extend this to my household because actually we did, and I did notice so after you and

1:41.7

I traded some notes, we actually picked up, I did my wife and I picked up a $6 outdoor waterproof bag for some leaves.

1:50.0

But we did, we grabbed a deal for one of my teens. This is a

1:53.8

Volador 40 inch maple longboard basic cruiser. That's a skateboard

1:59.9

And we I think we got a pretty good deal.

2:02.9

I think this must have been 25, 30% off the normal price.

...

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