Holiday Shopping Season, Holidays | featured news

A last-minute surge in spending helped many major retailers report better-than-expected sales in December, a relief for stores that make up to 40 percent of annual revenue during the holiday period.

Put down that turkey leg. It's time to shop. No, really. Stores typically open in the wee hours of the morning on the day after Thanksgiving known as Black Friday, named for the period when stores traditionally turn a profit for the year.

This holiday season, Burger King won't be the only place where you can have it your way. It used to be enough for stores to promise discounts of up to 70 percent off to lure shoppers during the busy holiday shopping season. But the ease of ordering online and the sluggish economy has created more demanding U.S. consumers who aren't impressed by discounts alone. They want their shopping just like their fast food: not only cheap, but convenient too.

Some day in the future, anthropologists may be able to explain the bizarre shopping rituals of the 21st Century American consumer during the holiday season: Why, for example, so many people look for bargains on one day – Black Friday – when with a little work bargains can be found on the other 364. Or why they stand in midnight lines in bleak winter weather only to risk stampedes and fight each other for cheap gifts.

It used to be just called Thanksgiving. Now the day is increasingly called Black Friday Eve or Black Thursday, as retailers double down on ever-earlier opening hours for the kickoff of the holiday shopping season.

I know you don’t want to hear this, but Christmas is less than 75 days away. It will be here in a blink of any eye. Right now is a great time to sit down to create a plan for your holiday gift shopping without accumulating a pile of debt.

The best that can be said about the 2012 holiday shopping season is that it will be about average, according to the latest forecast from the National Retail Federation (NRF), a retail trade group.

A mall trade group says that last minute shoppers gave merchants a solid lift during the final week before Christmas. Sales at stores opened at least a year rose 0.9 percent for the week ended Saturday compared with the previous week and was up 4.5 percent compared with the same period a year ago, according to the International Council of Shopping Centers-Goldman Sachs Weekly Chain Store Sales Index, released Wednesday.

With the intensity of Black Friday shopping starting to fade, store chains know they are under pressure to keep the sales momentum going as they enter the next phase of a competitive holiday shopping season.

We’ve rounded up the best Black Friday deals of 2011, from TVs to laptops and tablets, with our comprehensive guide to Black Friday. While skiers flock to Aspen in January, and fly fisherman can’t wait to plant their waders in icy Montana rivers come April, it’s November and December that holds special significance for that special breed known as bargain hunters. Between manufacturers eager to bolster their numbers with strong holiday sales and retailers competing for your hard-earned dollars, the deals don’t get much better. And Black Friday represents the first day of open season and offers the best deals of the year.