But Black Friday is just one day in a year during which retailers are engaged in intense competition with their peers and the disruptors in the industry.
Minutes ago, the St. Louis Fed tweeted this brutal look at the state of the department store business. As you can see, sales have only declined since the early 2000s, which coincided with the advent of online retail.
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
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