Overstock inventory spurs Black Friday discounts at stores

Overstock inventory spurs black friday discounts at stores

ABC News published this video item, entitled “Overstock inventory spurs Black Friday discounts at stores” – below is their description.

Hoping to overcome inflation concerns and clear out overstock inventory, ABC News’ national reporter Zohreen Shah details deep discounts offered by retailers in Black Friday sales.

ABC News YouTube Channel

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About This Source - ABC News

American Broadcasting Company is an American commercial broadcast radio and television network owned by the Disney Media Networks division of The Walt Disney Company.

ABC News is primarily broadcast from the Times Square Studios in New York City.

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In This Story: Black Friday

Black Friday is an informal name for the Friday following Thanksgiving Day in the United States, which is celebrated on the fourth Thursday of November. The day after Thanksgiving has been regarded as the beginning of the United States Christmas shopping season since 1952.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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