These stocks like Black Friday
In an effort to attract the most eager holiday shoppers and fend off competition from Amazon.com Inc, US retailers have increasingly extended their holiday deals by opening stores on the evening of Thanksgiving.
That is because, for a nation that prides itself on its decorous behavior, past year was ugly.
“Black Friday has grown enormously over the last few years and we’re now expecting it to be the largest sales event of the year”, said Stuart Ramage, e-commerce director at Dixons Carphone, Britain’s largest electricals retailer.
Social media indicated stores across the country were quieter than a year ago and shoppers better behaved.
The BBC reported that shoppers in different parts of the country had experienced gridlock, biting, pinching, punching, kicking and stock flying through the air as people leapt over barriers to get their hands on heavily discounted items.
Last year’s Black Friday was marred by long queues and brawls in stores.
Retailers this year are trying to tamp down the mayhem.
“Customers have told us loud and clear that they don’t want to be held hostage to a day or two of sales”. Instead, the retailer said it would offer discounts from November to January. But Black Friday dangled deep discounts a month before Christmas, making it hard to raise prices back to normal levels in December.
Black Friday – like Halloween, McDonalds and theme parks – is an export from the other side of the Atlantic. But the day will be a bit more subdued. “But at least we don’t try to shove them on unsuspecting foreigners”.
Black Friday is less of a headache for many online-only merchants, because their distribution systems are often better suited to cope with spikes in demand.
Sir Peter Bottomley, a Conservative member of Parliament, said he had signed the motion after several shoppers were seriously injured during Black Friday shopping skirmishes. “While it’s not for the Scottish Government to dictate the practices of retailers in terms of how and when they choose to promote certain products, we fully expect that retailers will take whatever steps are necessary to ensure the safety of their staff and customers, and to encourage responsible behaviour”. Retail analyst Nick Bubb stated, “It looks as if Black Friday spending has-been more announce out this year and more weighted to online, yet each one indication is in that the combined event will be bigger than last year overall”.
“A whole ton of online and electronic retailers across Europe have started using Black Friday too”, Roberts said.
Last year, the online stampede of Black Friday bargain hunters left some retailers’ websites, including those of Tesco and Argos, struggling to cope. EBay predicts that nine million Britons will visit its website on Friday, buying 25 items every second. “It’s one of these things that everyone picked up on”. In addition 10% of the Black Friday day’s sales take place in the peak hour. The research found Black Friday displaces retail sales rather than generating new ones.
Argos, the chain that introduced catalog shopping to the U.K.in 1973, is also backing away from the Black Friday scrum. She said: “I haven’t been to sleep”.