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 crowds on Black Friday. Almost.