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Black Friday holiday shopping begins

SHOTLIST:RESTRICTION SUMMARY: NO RE-SALE, RE-USE OR ARCHIVE; MANDATORY CREDIT KTRK; NO ACCESS HOUSTON MARKET; NO USE BY US BROADCAST NETWORKSKTRK - NO RE-SALE, RE-USE OR ARCHIVE; MANDATORY CREDIT KTRK; NO ACCESS HOUSTON MARKET; NO USE BY US BROADCAST NETWORKSHouston - 25 November 2022++NIGHT SHOTS++1. Doors opened, Long line of people enters storeHEADLINE: 'Black Friday' holiday shopping beginsANNOTATION: The US Holiday shopping season officially arrived with 'Black Friday.'ANNOTATION: Folks looking for bargains lined up before sunrise in cities including Houston.ANNOTATION: This year's holiday season outlook is less than certain for US retailers.ANNOTATION: Inflation is weighing on consumers, with prices up for food, rent and gas.2. Different angle of people entering storeANNOTATION: That could make many people in the US more reluctant to spend.ANNOTATION: Shoppers are also dipping more into their savings.3. Various shoppers in storeANNOTATION: Many are using "buy now, pay later" services so they can pay in installments.STORYLINE:The U.S. Holiday shopping season officially began on Friday morning, known as Black Friday. The Best Buy Galleria in Houston, Texas opened it's doors at 5am Central Standard Time (1100GMT) and a long line of bargain hunters made their way in.The outlook for retailers is uncertain this year, as inflation is weighing on consumers.Elevated prices for food, rent, gasoline and other household costs have taken a toll on shoppers. As a result, many are reluctant to spend unless there is a big sale and are being more selective with what they will buy - in many cases, trading down to cheaper stuff and less expensive stores.Shoppers are also dipping more into their savings, turning increasingly to “buy now, pay later” services like Afterpay that allow users to pay for items in installments, as well as running up their credit cards at a time when the Federal Reserve is hiking rates to cool the U.S. economy and slow down inflation. ===========================================================Clients are reminded: (i) to check the terms of their licence agreements for use of content outside news programming and that further advice and assistance can be obtained from the AP Archive on: Tel +44 (0) 20 7482 7482 Email: info@aparchive.com(ii) they should check with the applicable collecting society in their Territory regarding the clearance of any sound recording or performance included within the AP Television News service (iii) they have editorial responsibility for the use of all and any content included within the AP Television News service and for libel, privacy, compliance and third party rights applicable to their Territory.
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