Black Friday – originally an American tradition, which has found its way across the pond – falls on the day after Thanksgiving each year.
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While online sales grew from $1.5 billion in 2012, to $1.7 billion the next year and $2 billion in 2014, those numbers are dwarfed by the declining Black Friday sales numbers: $59.1 billion in 2012, followed by $57.4 billion and $50.9 billion over the next two years. That is what was spent during last year’s Black Friday binge with tills ringing to the tune of £800 million by the end of the day.
Past year police were scrambled to eight stores across Greater Manchester when trouble broke out among shoppers looking for pre-Christmas deals.
Big gains for businesses on Black Friday means lots of black ink, hence the name.
“Last year’s sale event was a phenomenal success for us and we have been working closely with our retailers to ensure we deliver another fantastic shopping experience for our guests”.
“Looking at last year’s success we are expecting a very successful day and consumers won’t be disappointed with the offers we’ve got lined up”.
Owner Melanie Tillett says that she is excited for the store’s biggest sale of the year.
Sad as it may seem, people have sustained injuries in previous years through actual fighting over the best deals.
“It’s a bonus for us and our loyal clients. If people think they are getting a bargain that’s too good to be true it’s because it is too good to be true”.
Black Friday mania is set to hit New Zealand shores tomorrow, but it’s unlikely the huge shopping event will out-do Boxing Day as the nation’s most popular day to nab a bargain.
The day after Thanksgiving marks the unofficial start of the holiday shopping season.
However, strong cyber sales haven’t offset an overall decline in sales over the four-day period, LPL found.
“It’s a bit of a bonus for us and we are hoping for bumper sales”. Consumers can likely find the best discounts if they are shopping for jewelry or books, movies & music, while big deals for computers and phones, video games or toys may be harder to come by. “We’ve got £60 off some washing machines and some awesome TV deals”.
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There are a few reasons for the increase in gross profit margins despite discounted prices, LPL found. First, suppliers may be absorbing some of the impact, as many retailers negotiate lower prices. Check out our website for a full list of local stores’ opening times.
