Is Black Friday catching up on Boxing Day?
The survey also revealed that about one-quarter of the respondents believed deals in Canada are just as good as those in the USA, compared to 14 per cent in a similar survey past year, she noted. “Sales for the holiday season overall have actually increased over the years, despite the drop in Black Friday sales”, LPL wrote.
“It’s a big deal”, Michael LeBlanc of the Retail Council of Canada told CTVNews.ca. More than 1,000 deep discounts will be available now through Cyber Monday, with new deals posted throughout the week.
“These things pick up momentum and they become part of the culture”, LeBlanc said.
“On the one hand this is great news for retailers looking to boost their sales figures, but on the other it’s pretty clear “Slack Friday” is hurting productivity”, Loraine Cordery, Insights Manager for IPG Mediabrands, said in a release.
Colliers worldwide chose to do a report to discover the similarities and differences in prices on the American Black Friday, and the deals that take place on Boxing Day.
“Unfortunately for retailers, numerous trends that have negatively impacted the industry this year – including weaker economic growth, high consumer debt burdens, and the weaker dollar – are not going away any time soon”, Burt said.
He added that e-commerce retailers are also expecting strong sales and experts predict a surge in online transactions.
So, which United States company that recently starting shipping to Australia is now bringing the Black Friday and Cyber Monday to we the people?
The weak Canadian loonie is expected to keep Canadians from heading south to shop, both in person and on-line.
The study comes the same day that the Conference Board of Canada, which regularly monitors the mood of Canadian consumers, is predicting a Scrooge-like Christmas for many retailers.
“The rationale to (shop) in the US just isn’t there anymore”, LeBlanc said.
When Statistics Canada looked at retail spending in November, it found the share of annual retail sales in the month edged up only slightly from 2006 to 2014, from 8.4 per cent to 8.5 per cent.
Will you be heading over the boarder for Black Friday?