25/11/2023
Department stores renamed the term "Big Friday" to give it a more positive meaning. But that name no longer exists, and since the 1980s, the day after Thanksgiving has become one of the busiest shopping days of the year, with many great deals and discount vouchers. leads from the store. This day typically marks the transition from a loss (red) to a profit (black) in store sales. Therefore, the term "Black Friday" began to be used to refer to this shopping festival.
Retailers including Best Buy, Macy's, H&M and pure-play e-commerce retailers Shein and Temu have offered "early deals" for Black Friday shopping, with discounts of up to 30% off. for some items.
Such early promotions can help them gauge shopper demand and avoid product shortages, which could be a big problem this year. Water levels in the Panama Canal, a vital shipping artery, have dropped due to severe drought, reducing the number of ships carrying goods through the canal.
Many retailers in the US deliberately keep their recruitment plans secret during the year-end holiday season. Labor shortages are also a challenge for retailers in Europe, which means shoppers may find fewer staff to help them.
Thanksgiving weekend, which includes Black Friday and Cyber Monday - the Monday after Thanksgiving - is typically the busiest shopping period in the US. According to data from the National Retail Federation (NRF), a record 196.7 million US shoppers participated in transactions during this period last year, spending an average of $325.44 on items. holiday-related goods.
Although most US stores will be closed on Thanksgiving this year, opening to shoppers at 5 a.m. or 6 a.m. on Friday, some retailers are advertising online sales starting at 12:01 a.m. on Thanksgiving. Among them is Kohl's, which is advertising what it calls "Super Deals" on Thanksgiving and Black Friday on products including Beats Studio Buds wireless noise-canceling headphones for $89.99, from regular price of $149.99.
With student loan payments coming back and housing costs and other essentials squeezing household budgets, analysts believe retailers will have to rely on Take advantage of promotions and early bird deals to survive this holiday season.