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Survey: Consumers to Cut Spending, and Probably Still Cut in Line on Black Friday

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There are a few things you can count on happening every Thanksgiving holiday. Eating too much turkey and pumpkin pie? That's a given. Arguing with the in-laws? Only if they're invited. Watching the Detroit Lions lose to ____ (fill in the blank, as the opposing team is irrelevant to the outcome)? You can count on it. And finally, should you decide to venture out on Black Friday, encountering a horde of shoppers more frightening than anything you're likely to encounter in Left 4 Dead? That's an understatement.

But while the pushing and shoving and the sheer number of shoppers isn't likely to let up, the spending just might. According to a new survey by international management consulting firm Oliver Wyman, the outlook for technology and media sales looks pretty grim as six out of ten U.S. consumers plan to cut back spending (PDF).

Desktop PCs, notebooks, media players ,and digital cameras look to the take the biggest hit, with over half of the survey's respondents saying they plan to spend less on such devices in the next year, resulting in a 10 percent drop in sales. Oliver Wyman notes that promotional pricing would increase unit sales, but it wouldn't be enough to justify broad discounts.

"Price discounts should be used cautiously and targeted at on-the-fence purchaser segments when used," Wyman analyst Mark Teitell said. "There's a risk of cannibalizing revenue from consumers already intending to make the purchase, without drawing sufficient new buyers to increase revenues overall."

The survey warns that consumers are being selective in where they pull back, such as delaying the purchase of an electronic device rather than downgrading a subscription service, such as broadband internet or a mobile phone data plan. With that in mind, those tantalizing sale prices might not come as often next year. That almost makes you want to brave the crownds on Black Friday. Almost.

Image Credit: Flickr timparkinson

COMMENTS
avatarLeft 4 Dead shoppers......

And just like the people people in Left 4 Dead, every shopper that goes out on Black Friday should be shot in the head numerous times.

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avatarwell

I am being very specific when I buy and their stuff is like what I would say is "bargain bin" stuff in which nobody buys it, and they just want to get it out? I don't know, but still I don't care too much about their deals.

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avatarThe only way

The only way that I would go to a black friday was if they actually had real hardware then the s*** they usually sell. I only go for quality, and because of this I almost NEVER go into stores except for games and an occasional cd (hard copies are forever, in my opinion).

 Just like other holidays, it's just a way to roll in the dough.

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avatarWell you have never been

Well you have never been inside a WalMart then as WalMart does not sell crap. It's all good poop. But actually Fry's has a 1TB Samsung F1 for $99 and NewEgg.com has the new Seagate 1.5TB for $119dollars.

Sadly I was hoping to find Core I7 processors on sale and that did not happen at any store that I can find. 

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