black friday sales kick off us shopping season
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Black Friday sales kick off US shopping season

Egypt Today, egypt today

Egypt Today, egypt today Black Friday sales kick off US shopping season

A New York shopper takes advantage
New York - AFP

American consumers arrived en masse in stores - and online - for the annual Black Friday shopping extravaganza that opens the US holiday shopping season.

Held the day after Thanksgiving, a period when schools are out and many offices are closed, Black Friday has evolved over the years into a massive shopping occasion known for "doorbuster" sales and other promotions to lure consumers into stores.

Retailers have also added a plethora of discounts online starting on Thanksgiving Day, accelerating on Black Friday and culminating on "Cyber Monday" just after the weekend. That has inevitably dented some of the consumer traffic at brick-and-mortar stores, although tens of millions were still expected to brave the crowds.

Those with online Black Friday promotions Friday included the Rockettes dancing group, the New Yorker magazine and President Donald Trump's campaign, which offered 30 percent discounts on all items, including the iconic red "Make America Great Again" baseball caps.

According to a survey by accounting firm Deloitte, 54 percent plan to conduct a majority of their holiday shopping in December or January, while 26 percent plan to do it in the period between Black Friday and "Cyber Monday," and 20 percent will complete most of it in the period before Thanksgiving.

For the first time since Deloitte began conducting the survey 32 years ago, consumers expect to spend a majority of their funds (51 percent) online compared with in-store (42 percent), with seven percent going to catalogue or other types of purchases.

"Shoppers flock to phones," read the front-page headline of Friday's Wall Street Journal.

While the estimates vary as far as what share online comprises of overall sales, there is little debate about the broader trend.

"The one thing that is clear is that more and more is being bought online," said Chris Christopher, executive director of IHS Markit, which expects online sales to account for 18.3 percent of overall holiday sales, up from 16.8 percent last year. 

The IHS figures are based on US Census spending patterns and includes groceries, among other categories,

Amazon on Friday announced a slew of offerings for Cyber Monday, including discounts on toys, televisions, fashion and Amazon devices such as the Echo program, which can link to the Alexa Voice Service. Customers last year ordered more than 64 million goods on Cyber Monday, 740 items per second, Amazon said in a news release.

- Booking appointment with Santa -

Faced with the rising popularity of e-commerce, brick-and-mortar retailers are redoubling efforts to try to draw consumers into stores. Macy's, for the first time, began booking advanced reservations for visits with Santa Claus, a response to time-strapped parents.

Black Friday has evolved over the years into a massive shopping occasion known for "doorbuster" sales and tempting promotions 

"Santa's a popular guy, so the wait times to meet him have been quite long in previous years," Macy's says on its website. 

"New this year, Santaland is by reservation only ... Make your free booking right here," reads the website, adding, "Time slots are subject to availability."

Retail experts are generally upbeat about the overall prospects for this year's holiday shopping performance. Unemployment stands at just 4.1 percent, US growth stands at about three percent and US stock markets are in record range.

Consumers surveyed by the National Retail Federation said they expect an average spend of $967.13 this season, up 3.4 percent compared with the average in the year-ago survey.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

black friday sales kick off us shopping season black friday sales kick off us shopping season



GMT 01:52 2014 Thursday ,17 July

Rolls-Royce Ghost II launched in Bahrain

GMT 09:06 2017 Saturday ,25 February

In spotlight for record-chasing England

GMT 10:40 2017 Wednesday ,12 April

Ancient poo shows Antarctic penguins' volcanic past

GMT 14:32 2011 Thursday ,30 June

IDB opens annual meetings in Jeddah

GMT 08:55 2017 Thursday ,29 June

Dubai student's green message inspires scores

GMT 06:26 2017 Monday ,13 February

Turkish army close to taking IS-held town

GMT 05:05 2017 Saturday ,04 March

Coldplay to hold New Year concert in Abu Dhabi

GMT 03:41 2012 Friday ,28 September

Heineken takeover of Tiger Beer maker

GMT 16:27 2017 Friday ,07 April

Minister receives corporate executives

GMT 08:27 2017 Saturday ,22 July

President Sisi has busy schedule last week 4 Cairo

GMT 09:19 2014 Wednesday ,03 December

4 killed in suicide attack on UN convoy in Somalia

GMT 00:20 2013 Sunday ,01 December

January 19 - February 17

GMT 06:47 2014 Monday ,01 September

January 19 - February 17

GMT 13:40 2015 Saturday ,03 October

Easy creamy coleslaw

GMT 07:30 2015 Monday ,27 April

Lagerfeld presides at French festival

GMT 04:17 2013 Monday ,04 March

The natural way

GMT 14:11 2016 Monday ,19 December

Juliet Angus signs to B.Talent

GMT 13:44 2013 Friday ,05 April

Models Own launches new collections

GMT 10:31 2013 Wednesday ,01 May

Saudi business success stories

GMT 05:31 2017 Thursday ,09 February

Furyk adjusts selection criteria for US Ryder Cup team

GMT 10:46 2017 Monday ,13 February

Yoga is not tied to religious beliefs, says Ramdev

GMT 12:18 2012 Tuesday ,14 February

Blue, red, yellow lizard species

GMT 20:05 2011 Friday ,02 September

Head for the Greek island of Paros

GMT 17:45 2011 Tuesday ,20 September

Rosie steals the at Moet & Chandon Etoile Awards
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday