Thursday, November 27, 2008

Borders Group is giving discount on best sellers on Black Friday

Members of Michigan Retailers Association are going to give 50% or more discounts. reports:

…members say they are expecting a 1% decline in holiday sales compared with last year. Many are already discounting 50% or more and 45% of them have added lower-price items to appeal to cash-strapped consumers.

Ann Arbor-based Borders Group, Inc. (NYSE:BGP) started to send special savings coupons to its 30 million loyalty program members. This will go on through the current holiday season. This gave them a two-day jump on Black Friday deals. Members will get:

50% off on selected bestsellers.

50% off on Blu-Ray disks.

The deals also include holiday wrap, digital photo frames, DVD box sets and CDs.

On October 6, 2008, Wal-Mart Stores, Inc. (NYSE:WMT) started its holiday season sales promotion. You will get toys in $10 on Black Friday. Kids coats would cost $4 and Garmin GPS for $97.

Arundel Mills Mall in Hanover will open at midnight on Black Friday. It will offer $2500 worth of gift cards every half hour throughout the evening.

Queenstown based Prime Outlets will open up at 12 a.m. and host a “pajama party.” The first 500 shoppers who will visit guest services wearing pajamas will receive a free goodie bag filled with Jockey brad pajamas and other prizes.

Baltimore based Ruth’s Chris Steak House, a famous restaurant chain,

gave out its Black Friday deal. Diners on Black Friday and Saturday will receive one free petit filet or New York strip steak for purchasing another entrĂ©e in Ruth’s Chris Steak House situated in Annapolis, Baltimore and Pikesville.

Related articles:

Baltimore Business Journal