Hot or Not?
Canadian retailers try their own Black Friday; US Toys"R"Us had Zhu Zhu pets in stock
Canadian retail chains planned big price cuts this weekend in an effort to keep customers from crossing the U.S. border to take advantage of Black Friday bargains.
While prices in Canadian retail locations are typically double that of their US counterparts, several have sales planned on a smaller scale. Wal-Mart's Canadian subsidiary announced it would drop prices on some items, and Sears Canada and Future Shop electronics retail chain also planned big weekend sales to hold on to shoppers.
Retailers count on Black Friday sales to push store ledgers into "the black," or profitability. Sales during that day and the weekend following can account for as much as 40 per cent of annual sales and profits for many stores.
At the Toys "R" Us store in Manhattan's Times Square, people lined up 200 deep in anticipation of the midnight opening — five hours earlier than a year ago. Some were tourists who got in line right after watching the Macy's Thanksgiving Day Parade; others were New Yorkers wanting to get a good deal on game systems or get their hands on this year's toy craze, Zhu Zhu Pets robotic hamsters.