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Bleak Friday

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Marcus & Millichap completes sale in Garfield

By Mario Marroquin
June 28, 2017 10:27 AM

Commercial real estate firm Marcus & Millichap recently announced it has completed the sale of an eight-unit apartment in Garfield for $1.5 million from a limited liability company to a private investor. CONTINUE READING

Interpace signs pact with Aetna for thyroid tests

By NJBIZ STAFF
June 28, 2017 11:29 AM

Interpace Diagnostics Group Inc., a Parsippany-based diagnostic test company, has signed a national contract with Aetna to provide a pair of molecular tests for thyroid nodules. CONTINUE READING

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Cooper opens Runnemede urgent care center

By Anjalee Khemlani
June 28, 2017 09:49 AM

Cooper University Health Care opened a new urgent care center in Runnymede. CONTINUE READING

C&K, =SPACE open Newark coworking space

By Mario Marroquin
June 27, 2017 10:11 AM

At 2 Gateway Center in Newark, C&K Properties and =SPACE recently opened Public SPACE, a coworking space for tech-oriented and digital creative entrepreneurs. CONTINUE READING

Chubb names EVP to oversee management liability unit

By Eric Strauss
June 27, 2017 10:43 AM

Property and casualty insurer Chubb, which has its U.S. headquarters in Whitehouse Station, has named an executive vice president to lead its private/not-for-profit management liability business, it announced Monday. CONTINUE READING

Retro Fitness hires chief operations officer

By Eric Strauss
June 27, 2017 12:59 PM

Retro Fitness, the Colts Neck-based franchiser of low-cost gyms, announced Tuesday it has named its first chief operations officer. CONTINUE READING

Sitex Group completes purchases in Englewood, West Caldwell

By Mario Marroquin
June 26, 2017 01:41 PM

In an effort to expand its industrial footprint in northern New Jersey, commercial real estate firm Sitex Group has purchased two assets, at 205 Jackson St., Englewood, and 40 Fairfield Place, West Caldwell. 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who passes up on after-dinner coffee on Thanksgiving so you can run out and park in front of Best Buy to save $70 on an outdated Blu-Ray player that’s been on the shelf for 14 months with no hope of being sold without the gimmick of a midnight doorbuster, today’s blog isn’t for you.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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