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Bleak Friday

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EY opens office, learning hub in Hoboken

By Mario Marroquin
January 17, 2018 11:01 AM

Ernst & Young announced the official opening of its 170,000-square-foot office in Hoboken on Tuesday. The new location will be home to over 1,000 employees and will support learning and high performance capabilities. CONTINUE READING

The Vitamin Shoppe inks lease in Secaucus

By Mario Marroquin
January 17, 2018 11:21 AM

The Vitamin Shoppe has inked a long-term commitment at 400 Plaza Drive, Secaucus, brokerage firm Cushman & Wakefield announced today. The retailer will relocate its back-office operations from North Bergen to the Harmon Meadow property and take 28,000 square feet. CONTINUE READING

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Kimmerle Group names two new principals

By Mario Marroquin
January 16, 2018 11:48 AM

Harding and New York City-based Kimmerle Group recently announced the promotion of William Kimmerle and X “Cindy” Cui from senior associate and project manager to principals. The two promotions, Kimmerle said, come after William and Cui showed extensive leadership and experience across a broad range of topics. CONTINUE READING

Sheldon Gross completes leases in East Orange, Edison

By Mario Marroquin
January 16, 2018 01:02 PM

Brokerage firm Sheldon Gross Realty recently announced it negotiated two leases on behalf of Bivona & Co. and for Heart of Worship Church in Edison and East Orange, respectively. CONTINUE READING

Cushman & Wakefield arranges JV equity for Woodmont Properties development in Bayonne

By Mario Marroquin
January 15, 2018 11:22 AM

Brokerage Cushman & Wakefield recently announced it served as the exclusive advisor to Banker Residential in arranging a joint-venture with Woodmont Properties to develop in Bayonne. Woodmont acquired a majority stake in the venture, currently under construction at 190 West 54th Street, Bayonne. CONTINUE READING

Zucconi Property Group purchases property in Hainesport

By Mario Marroquin
January 15, 2018 11:43 AM

Brokerage firm Wolf Commercial Real Estate recently announced it has closed on the sale of 1345 Route 38, Hainesport. WCRE’s VP and principal Chris Henderson and senior associate Ryan Barikian represented the seller, Castle Clan LLC, and the buyer in the transaction. CONTINUE READING

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EDITOR’S NOTE: If you’re the kind of person who passes up on after-dinner coffee on Thanksgiving so you can run out and park in front of Best Buy to save $70 on an outdated Blu-Ray player that’s been on the shelf for 14 months with no hope of being sold without the gimmick of a midnight doorbuster, today’s blog isn’t for you.

Well, another Thanksgiving is upon us, and with it, of course, is Black Friday, which I prefer to call Loss Leader Friday, both because it’s a chance for retailers to unload crap they couldn’t sell all year and because you have to be a loser to spend a night in the frigid cold waiting to fill the hole in your life with a new Xbox at a slight discount.

Still, it’s an important moment for retailers, who get to clear out their shelves of unwanted stuff at a discount so they can bring in shiny new things that people actually want, only those will be discounted as well, since everyone knows the best sales are the week before Christmas. We can only hope there won’t be a body count this year.

But all is not well in the world of gigantic retailers. Wal-Mart Stores Inc. is fending off a strike as workers protest being forced to work on Thanksgiving. Of course, this is just the natural order of things. Black Friday sales aren’t impressive enough, so you stretch it out a few hours by bleeding it into Thanksgiving. It’s the same reason major shopping malls have Santa visiting before the Columbus Day sales start.

I don’t attempt to relay complex topics in this blog so much as I go for cynical and sarcastic laughs, so if you want the backstory, here’s a good place to start. But the situation got me thinking about my other favorite pastime, you know, besides insulting professional bargain-hunters: professional ice hockey, which of course is locked out. The owners and players’ union can’t figure out how to split a $3 billion pie, so two months of games have been wiped out and many players have taken off to Europe to play.

The average NHL salary, according to Forbes, is $2.4 million a year. There were no U.S. games scheduled for Thanksgiving; a game between two Canadian teams was canceled because of the lockout. The average wage of an hourly cashier at Walmart is about $8.50 an hour. One of these parties has every right to call attention to the labor plight it faces. The other plays a game for a living, and is doing the same now.

Just something to think about, whether you spend the weekend shopping or pining for hockey.

I’m even more irreverent on Twitter @joe_arney.

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Bleak Friday

By

Back to Top Comments Email Print

Latest News

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EDITOR’S NOTE: If you’re the kind of person who passes up on after-dinner coffee on Thanksgiving so you can run out and park in front of Best Buy to save $70 on an outdated Blu-Ray player that’s been on the shelf for 14 months with no hope of being sold without the gimmick of a midnight doorbuster, today’s blog isn’t for you.

Well, another Thanksgiving is upon us, and with it, of course, is Black Friday, which I prefer to call Loss Leader Friday, both because it’s a chance for retailers to unload crap they couldn’t sell all year and because you have to be a loser to spend a night in the frigid cold waiting to fill the hole in your life with a new Xbox at a slight discount.

Still, it’s an important moment for retailers, who get to clear out their shelves of unwanted stuff at a discount so they can bring in shiny new things that people actually want, only those will be discounted as well, since everyone knows the best sales are the week before Christmas. We can only hope there won’t be a body count this year.

But all is not well in the world of gigantic retailers. Wal-Mart Stores Inc. is fending off a strike as workers protest being forced to work on Thanksgiving. Of course, this is just the natural order of things. Black Friday sales aren’t impressive enough, so you stretch it out a few hours by bleeding it into Thanksgiving. It’s the same reason major shopping malls have Santa visiting before the Columbus Day sales start.

I don’t attempt to relay complex topics in this blog so much as I go for cynical and sarcastic laughs, so if you want the backstory, here’s a good place to start. But the situation got me thinking about my other favorite pastime, you know, besides insulting professional bargain-hunters: professional ice hockey, which of course is locked out. The owners and players’ union can’t figure out how to split a $3 billion pie, so two months of games have been wiped out and many players have taken off to Europe to play.

The average NHL salary, according to Forbes, is $2.4 million a year. There were no U.S. games scheduled for Thanksgiving; a game between two Canadian teams was canceled because of the lockout. The average wage of an hourly cashier at Walmart is about $8.50 an hour. One of these parties has every right to call attention to the labor plight it faces. The other plays a game for a living, and is doing the same now.

Just something to think about, whether you spend the weekend shopping or pining for hockey.

I’m even more irreverent on Twitter @joe_arney.

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