Black Friday news and archive

Consumer spending bounced back in November

Seasonal shopping boosted retail in November, with consumer card spending increasing by 2.9 percent, as British consumer confidence to spend on non-essential items reached its highest level since April. The data from Barclays revealed that the high street enjoyed an uplift from early Christmas shopping and extended Black Friday sales in...

Retail

UK shoppers keener on Black Friday than those in US

Distil.ai, a business intelligence platform for ecommerce businesses, has analysed Black Friday/Cyber Monday (BFCM) data for the UK and US markets, shedding light on customer shopping habits. The data, drawn from a sample of over 40,000 online orders, offers insights into online shopping behaviors during the BFCM weekend. In the UK, shoppers...

Retail

Record-breaking Black Friday, Cyber Monday sales with Shopify merchants reaching 9.3 billion dollars

Shopify has reported a record-breaking Black Friday, Cyber Monday weekend, with global sales reaching 9.3 billion dollars from independent businesses worldwide - a 24 percent surge compared to 2022. London emerged as one of the top three highest-selling cities globally for Shopify merchants during this period. In the UK, in-store spending saw a...

Fashion |ANALYSIS

Black Friday: AUAS experts on why we feel the compulsion to consume

The 2023 edition of Black Friday, the day of massive overconsumption, is already behind us, but consumers who held back on Friday still have time to spend an extravagant amount of money by midnight today, a 24-hour-phenomenon known as Cyber Monday. Experts at Amsterdam University of Applied Sciences give advice on how to lose our urge to buy...

Retail

Shopify vendors set new Black Friday record, taking 4.1 billion in sales

Shopify merchants have set an unprecedented Black Friday record, collectively generating an impressive 4.1 billion dollars in sales, marking a substantial 22 percent increase over the previous year. The shopping frenzy peaked at 12:01 p.m. EST on Friday, with a staggering 4.2 million dollars in sales per minute. Harley Finkelstein, President of...

Retail

Black Friday 2023 marks record online spending in the UK

In the UK, Black Friday emerged as the most significant online shopping day of 2023 so far, with consumers spending 1.04 billion pounds online, marking a 4.1 percent year-over-year increase. Adobe Analytics, employed by many major retailers to enhance online shopping experiences, was used by the Adobe Digital Insights team to analyse millions of...

BusinessFeatured

Is another Black Friday possible? Exploring fashion brand alternatives

Black Friday, that annual day of massive shopping sprees at irresistible prices, has taken the world by storm, driving retailers to compete fiercely with tempting offers. However, as we celebrate the sales, it is crucial to reflect on the economic and environmental implications of this event, a long list of which reduced profit margins and the...

Retail

'Black Friday' kicks off US shopping season amid economic unease

US retailers' efforts to attract holiday gift buyers build to a crescendo this weekend as the "Black Friday" shopping day kicked off with big discounts. The major sales day after Thanksgiving, a custom increasingly adopted in Europe and other markets, comes amid lingering unease over the economy this year. As a result, markdowns are expected to...

Retail

Amazon hit by 'Black Friday' strikes in Europe

Amazon was hit by strikes at various locations in Britain, Germany and Italy during the annual "Black Friday" shopping extravaganza as workers demand higher wages and better working conditions. UNI Global Union said Amazon would face strikes and protests in more than 30 countries around the world, including the United States, as part of a "Make...

Business

German union calls on Amazon workers to strike on 'Black Friday'

Union Verdi called on workers at online retail giant Amazon in Germany to go on strike on the annual "Black Friday" shopping extravaganza, in their battle for better working conditions. The industrial action began in the night to Friday, and affects five out of Amazon's 20 logistic sites in Germany including Leipzig, Rheinberg, and Dortmund....

Business

Black Friday weekend expected to draw in 8.74 billion pounds

UK shoppers have been forecast to spend a massive 8.74 billion pounds over the course of Black Friday weekend, according to a new report by VoucherCodes. The discount platform said that this marginal 0.4 percent rise in sales, as compared to the previous year, comes despite the rising pressure caused by the ongoing cost-of-living crisis in the...

Fashion |Beauty

Lush continues 'Big Tech Rebellion' with Black Friday initiative

British beauty brand Lush is using Black Friday to raise money for the decentralised movement ‘People vs Big Tech’ in a continuation of its ‘Big Tech Rebellion’ campaign. In a statement, Lush said that it was raising money with a new limited-edition bath bomb to support its work to "rein in the handful of Big Tech companies that have monopolised...