On average, on Black Friday you will find a price difference of 30%, while in Canada on Boxing Day you will find a price difference of 31%.
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“Black Friday is one of the biggest shopping days in America and we want to share some of the deals with our friends in Australia”, said James Wu, COO of Newegg.
SAS also suggests that despite the rise of online shopping, many still crave the brick and mortar experience, with 82 per cent of Canadians indicating they will shop in-store.
“In the past, we’ve seen Canadian consumers flock across the border to take advantage of Black Friday deals, but this year 84 per cent are unlikely to cross-border shop”, said Craig Calvert, director of customer solutions at UPS Canada, in a statement.
Denis Mazerolle is looking to purchase a new digital camera and is one of those shoppers who Canadian retailers would routinely lose.
Over the past two years, Black Friday sales estimates have fallen: Does that mean the unofficial kick-off to retailers’ holiday season has lost its impact?
The event tends to focus on electronics, and according to recent Statistics Canada data, Canadian retailers have felt a slight shift. November 2014 sales increased to 10.1 per cent from 8.9 per cent in 2006. We open up earlier and it’s a busy day all day. He said he expects to see even better results this year, as retail sales have been up six per cent across the country, while 2014 saw relatively flat retail sales throughout the year. “A lot of manufacturers got stuck with a lot of stuff”, he says. The report noted that Cyber Monday grew out of consumers’ tendency to take advantage of their employers’ faster network speeds to do some holiday shopping online when they returned to work after Thanksgiving.
He says in this weak economy, manufacturers and retailers are now more careful with their numbers. If he chooses to skip Black Friday and wait until December, he’ll be following the same pattern as many other Canadians.
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Newegg’s Australian site is here, while its Black Friday deals for Australia are here. “Sales for the holiday season overall have actually increased over the years, despite the drop in Black Friday sales”, LPL wrote. Over the past five years, market-driven forecasts have led to a stronger fourth quarter for the S&P Retail Select Industry Index.
