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Occupy Movement Set to Take on Black Friday

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IN-THE-RED FRIDAY?
DailyFeed
Traditionally, Black Friday is the busiest day of the year of retailers. But if Occupy Wall Street protestors have their way, several publicly traded retailers -- including our Occupy Wall Street Index listee Walmart -- will see their sales take a massive tumble this holiday season.
 
Organizers at the website, Stop Black Friday, are calling for Americans to boycott retail chains to demonstrate the economic power and influence of the 99%. A blog entry on the site writes:
 
“Keep in mind that we are NOT occupying small businesses or hardworking people -- we must make a distinction between the businesses that are in the pockets of Wall Street and the businesses that serve our local communities.

We are NOT anti-capitalist. Just anti-crapitalist.

Below is a shortlist for publicly traded large businesses to Occupy or to boycott on Black Friday. Luckily, most of them don't have good presents anyway. If you want to see the top 100 retail businesses for 2010 to boycott, click here.

On Black Friday, Occupy or boycott:

- Abercrombie & Fitch
- Amazon.com (yes, we have to stay away from Amazon, too!)
- AT&T Wireless
- Burlington Coat Factory
- Dick's Sporting Goods (I was surprised, too!)
- Dollar Tree
- The Home Depot
- Neiman Marcus
- OfficeMax
- Toys R'Us
- Verizon Wireless
- Wal-Mart

Solidarity!”
 
Instead of buying gifts from big chains, the demonstrators are urging consumers to support Small Business Saturday instead. A small hitch though: This movement is actually sponsored by American Express, as Occupy Black Friday notes.
 
“By all means support small businesses and get gifts for your family - just don't charge to your credit card!” the website writes.
 
By calling for a national boycott of big retailers, the Occupy movement has set for itself its toughest challenge yet. After all, if there’s anything that’s more American than apple pie, it’s that innate urge to line up for Black Friday five hours before the sun is even up to purchase a bunch of products you don’t really need. Camping out in the streets for two months will seem like a walk in (Zucotti) park in comparison.
 
(See also: The Occupy Wall Street Index: 9 Companies the 99% Loves to Hate and Who in Washington Is Getting Your Money on Black Friday?)
POSITION:  No positions in stocks mentioned.

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