With holiday shoppers already making purchases and an increasing number of consumers expected to shop on Thanksgiving, analysts are predicting that this year’s Black Friday won’t have quite the same clout.
With harsh lessons learnt from past Black Fridays, British retailers are stretching promotions over several weeks, aiming to smooth out consumer demand and reduce the pressure on supply and distribution networks.
A new survey has found that UK shoppers are more concerned about rising food and energy bills than the upcoming general election, with 57% saying political uncertainty will have no impact on their Christmas spending.
Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4 billion, more than U.S. rival Amazon.com Inc’s haul last quarter from online store sales.
Alibaba Group Holding on Monday said sales for its annual Singles’ Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25% from 126.72 billion yuan at the same point last year.
A new study from Quantum Metric has revealed that shoppers have high expectations for e-tailers on Black Friday, and are more than willing to take their money to a site’s competitors if their experience is too slow.
As yet another record Prime Day draws to a close, with over 175 million products purchased by Amazon shoppers in 18 countries over 48 hours, beauty has proved to be one of the most popular product categories this year.