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Tag: black friday

  • Samsung refreshes Black Friday offers with TV discounts

    Samsung refreshes Black Friday offers with TV discounts

    The 20th might be behind us, but that doesn’t mean that the Black Friday offers are over! Samsung has refreshed its store with a new slew of offers, bringing the prices of many TV models down.

    You can save up to $3,000 on a nice new QLED or browse through the many offers on smartphones, smartwatches, washers, and other electronics — many of these are still live!Samsung is slashing the prices of its wide portfolio of TVs. From small UHD sets to gargantuan QLED beasts that can transform your living room into a cinema. Head over to the link below to view all Samsung Black Friday TV deals:

    Samsung’s S20 line starts with the budget-friendly Galaxy S20 FE 5G and tops off with the behemoth Galaxy S20 Ultra 5G. All of them have exquisite displays with 120 Hz refresh rates, the perfect camera to help you capture the moment, and the processing power to play all your favorite games.

    The Note line has always been the productive person’s phone — “For those who do”. Huge, beautiful screens, powerful hardware, and the best stylus you can find bundled up with a smartphone — the S Pen.

  • Best Black Friday TV deals available now and coming up

    Best Black Friday TV deals available now and coming up

    The best time to upgrade your TV is less than a month away, Black Friday. If you’re in the market for a brand-new TV, we already have loads of new deals, as US retailers are gearing up for one of the biggest sales One of the main highlights of a Black Friday sale is the As we’re getting closer to Black Friday, many US retailers offer amazing deals that will probably not return on November 27.

    We’ve piled up a list of pre-Black Friday deals on TVs, but we’ll update the article with fresh new deals as we’re getting them. More importantly, be sure to return on Black Friday to find the best TV deals that you’ll be able to get this year.

    We’ve compiled a list of some of the best and most expensive smart TVs that are on sale right now at Best Buy and Walmart. If you wish to watch 4K content or play games in super high-definition, these are the TVs that you’ll want to get. Although some of these TVs are getting a discount of more than $500, they remain quite expensive.

  • Vietjet Launches Black Friday Ticket Promotions from S$0

    Vietjet Launches Black Friday Ticket Promotions from S$0

    Vietjet launches Black Friday promotions with millions of tickets from only S$0 (*). All promotional tickets are available for the whole day on 29 November 2019 (GMT +7), with the fastest fingers winning more tickets.

    Explore domestic destinations within Vietnam and fly between Vietnam and Japan, South Korea, Taiwan, Hong Kong, India, Indonesia, Thailand, Singapore, Malaysia, Myanmar, and Cambodia, including all other routes operated by Vietjet Thailand. Tickets for this promotion is applicable for travel between 1 December 2019 to 24 October 2020 (**).

    Promotional tickets are available on Vietjet’s website, the “Vietjet Air” mobile app and on Facebook. Tickets can also be booked via Vietjet’s hotline +8419001886 or from official Vietjet agents and ticket offices. Payment can be easily made with Visa/ MasterCard/ AMEX/ JCB/ KCP/UnionPay cards.

    Vietjet’s biggest promotional campaign in 2019 is also ongoing, titled “Fly around Asia and hunt for the 1kg golden aircraft” with hundreds of attractive prizes. Customers joining the program will have opportunities to win prizes daily and weekly with a grand prize, the 1kg golden aircraft.

  • International retailers rethink strategy for Black Friday

    International retailers rethink strategy for Black Friday

    The growth of major sales events such as Black Friday, Cyber Monday, and Amazon Prime Day is changing the shape of peak season, according to a new survey from marketing firm Yieldify.

    In a survey of more than 400 US and UK retail marketers, Yieldify found that retailers are anticipating Black Friday revenue this year to be 25 percent higher than 2018, and revenue from the wider holiday season to be 28 percent up on last year.

    Taking a closer look, however, it is clear that attitudes towards the discount-driven event are evolving. Twenty-two percent of pureplay online businesses surveyed said they are opting out of Black Friday altogether, and those that are participating will offer smaller discounts than their omnichannel peers.

    In addition, rather than offering heavy discounts over the Black Friday period, many retailers are looking to spread discounting across the holiday quarter, with price cuts peaking in the weeks leading up to Christmas.

    Eighty-five percent of retailers surveyed said they will offer discounts in the weeks leading up to the Christmas period, and more than half (57.6 percent) will offer discounts across their entire range during the Christmas period – higher than on Black Friday (50.6 percent) or Cyber Monday (44.4 percent).

    US retailers are more likely to favor this approach to discounting, even on Black Friday, with 61.9 percent discounting across all ranges versus just 39.3 percent of their British counterparts.

    “[This] attests to the trends we’ve been seeing in recent years with our clients – what used to be a race to the bottom for discounts has evolved into a more diverse set of approaches to the traditional peak season,” Yieldify chief executive and founder Jay Radia said.

    “With competition stronger than ever, it pays to be different as much as it pays to discount.”

    Shippit joint chief executive and co-founder Rob Hango-Zada recently told Inside Retail that online discounting was beginning to have a negative effect on the industry as a whole.

    “The discounting in online retail is reaching a point of unsustainability, as it’s not triggering offline shoppers to buy online, but online shoppers to pull forward their spend,” Hango-Zada said.

    However, not participating in a broader sales event can be dangerous for retailers with underdeveloped offerings, as it becomes easy to be pushed out of the customers’ mind – if only for a few days.

    “Only those with compelling everyday low pricing and free or flat shipping rates tend to benefit from not partaking in a promotional event,” Hango-Zada said.

  • What to learn from China’s Singles’ Day?

    What to learn from China’s Singles’ Day?

    Ever since the first Singles’ Day or 11.11 sale began in China in 2009, every year, there would be plenty of commentary explaining the phenomenon to an international audience. This doesn’t appear to be necessary any more.

    In its tenth edition, the event has grown into the world’s largest shopping festival where 180,000 brands participate and consumers take less than two hours to spend a phenomenal 100 billion yuan ($14.5 billion).

    It is an event in its own right. Not an imitation, but something that that consistently pushes the boundaries in terms of content, tie-ins and consumption. In 2012, sales for Singles’ Day first surpassed Cyber Monday and Black Friday in the US.

    And so effectively targeting buying power has been a focus for many international marketers. Given the volume of purchases and the willingness of Chinese consumers to embrace new technologies, it is also a true testing ground for brand owners.

    Three major changes are to take our from this year’s 11.11.

    Mini-programs take centre stage

    For brands and retailers, mini-programs have become a core marketing channel.

    Considering WeChat’s active user traffic of one billion, this comes as no surprise.

    Within WeChat’s ecosystem, mini-programs provide connectivity between social, content and payment. For example, retailers in a shopping mall can distribute free parking vouchers using mini-programs and they will be able to generate information on the arrival time and spending habits, as well as which customers own a car.

    According to official figures from WeChat, as of July 2018, it had over one million mini-programs with users opening them four times per day on average.

    A survey by China’s big data service provider QuestMobile has identified the most important functions of a mini-program: effectively combining online and offline activities; sharing customer information; serving as a standalone e-commerce platform; and the ability to combine the physical aspects of a promotional campaign with social marketing.

    Growth in short videos

    Data reveals companies using short video sharing platforms, such as TikTok and Kuaishou, received the majority of the 11.11 targeted advertising traffic.

    Community is king

    In China there are Social+ platforms that present a lucrative opportunity for both content and word-of-mouth marketing. Xiaohongshu, which is backed by Alibaba, has 150 million users consisting of the social media generation born in the 90s. They use the platform like Facebook and are highly influenced by shopping tips and insight from celebrities.

    A completely different interest group is Babytree, an online parenting platform that uses a similar vertical marketing model and presents another attractive opportunity for advertisers.

    These platforms provide an engaging forum for like-minded people and are realising the tangible benefits of teaming up with major e-commerce operators.

    All the above changes highlight how brands and consumers are moving away from purely a transactional shopping experience. Instead, it’s more collaborative and relationship-based, changing the dynamics of e-commerce. There is ample evidence of this phenomenon developing in other markets.

    Lessons from the East

    At $30.8 billion, the online sales of 11.11 surpassed this year’s figures for Black Friday ($6.22 billion) and Cyber Monday ($7.9 billion) in the US. But both these figures for the US represent a 24% and 20% respective increase on last year.

    While the results illustrate a gap in retail ecosystems between the two largest economies, there is clearly a growing preference by US consumers for digital channels rather than elbowing through crowded stores the day after their Thanksgiving dinner.

    In a poll by Periscope By McKinsey in October 2018, roughly a month before the sales, nearly half of the respondents (48%) said that they plan to shop more online while fewer (28%) said they plan to do so in-store.

    China’s highly sophisticated online shopping behaviour has leapfrogged the development of retail that has been commonplace in most Western countries. In doing so, it now sets the world standard in e-commerce.

    Any marketers who want to successfully compete in this huge and attractive market need to be digital and mobile led in their strategies. But 11.11 does not just represent an opportunity for sales in China. The trends and habits should be understood as they will provide the inspiration for other markets where online spending is also growing.

    Brands that can adapt these successful models may well be able to transfer success.

  • South Koreans spending more on Chinese online stores

    South Koreans spending more on Chinese online stores

    South Koreans are spending more at Chinese online stores, according to credit-card spending data. Purchase records from November 1-26, compiled by the big data centre at Shinhan Card, showed a 9.8 per cent increase from last year in the value of goods bought from overseas internet sites. The number of transactions was up 16.6 per cent year on year.

    Chinese online stores outperformed rivals from other countries. AliExpress took 9.5 per cent of the purchases, up from 6 per cent in 2016 and 6.1 per cent last year. It ranked second after Amazon’s 16.3 per cent.

    Taobao, another Chinese Internet shopping site, grew from 2.3 per cent in 2016 to 3.3 per cent last year and to 4.4 per cent this year, raising it to the third most-used overseas online marketplace. Alibaba made it to the top 10 for the first time this year with 1 per cent.

    The shift is stark when comparing the purchases during Black Friday in the US and Singles Day in China. This year, overseas shopping during Singles Day rose 35 per cent. Black Friday purchases stopped at a 9 per cent gain.

    Data showed 70.8 per cent of purchases during Singles’ Day were for goods priced up to 50,000 won (US$44.32). Shoppers in their 30s and 40s remained the biggest clients, but the number of those in their 20s increased 1.9 percentage points from last year.

  • Big success for Korean retailers during shopping festivals

    Big success for Korean retailers during shopping festivals

    South Korean retailers enjoyed a big sales boost from annual shopping extravaganza they launched in November to join the world’s major shopping events like Black Friday in the U.S. or Single’s Day in China. According to industry sources on December 2, Lotte Department Store, one of the country’s retail majors saw its sales from Nov. 1 to 29 grow 1.1 percent against the same period last year. Sales of its hypermarket affiliate Lotte Mart also gained 1.7 percent over the same period.

    Home appliance sold especially well during the big sales period, recording a 12.5 percent jump in revenue compared to the same period last year. High-end products were also showed sharp growth – sales of expensive hanwoo or Korean beef soared 25.8 percent on year and luxury fashion items up 9 percent.

    E-Mart., another leading big-box store chain also held a mega sales event in November, slashing prices of nearly 2,000 items worth 300 billion won (US$267.4 million). It sold 180 tons of hanwoo in just four days, doubling sales against the same period last year.

    Online retailers enjoyed even bigger growth in sales through major discount events. G Market and Auction hosted Big Smile Day sales event from Nov. 1 to 11 and their sales transaction amount more than doubled compared to the same period a month earlier.

    11st.com that runs its biggest sales event on Nov. 11 every year said its daily transaction amount on this year’s big sales day reached a record high of 102 billion won. Last year, it recorded 64 billion won through the same event.

    WeMakePrice Inc. also held bargain sales from Nov 1 to 11 this year. It said the transaction amount over the period jumped 77 percent to 230 billion won compared to the same period last year. By volume, it was up 15 percent on year. The company estimated transaction amount to hit a record high of 600 billion won in November.

  • US Cyber Monday online sales to reach record US$7 billion

    US Cyber Monday online sales to reach record US$7 billion

    American consumers were on track to spend US$ 7.8 billion in online shopping on Cyber Monday, up 18.3 percent from last year, according to Adobe Analytics, which tracks 80 percent of online transactions at 100 of the largest retailers in the US. Cyber Monday, which falls on the first Monday after Thanksgiving Day and Black Friday, is considered the biggest online shopping day of the year.

    Last year, it hit a record US$ 6.6 billion in online sales.

    With growing online sales, Black Friday might be stealing Cyber Monday’s thunder. Online sales for Black Friday reached US$ 6.22 billion, up 23 percent compared with last year.

    Smartphone-enabled purchases amounted to US$ 2.1 billion, accounting for one third of the overall sales.

    Figures from Internet Retailer, a publisher of e-commerce news and analysis, predicted that the total amount to be spent over the period between Thanksgiving Day and Cyber Monday will reach US$ 21.6 billion.

    For the whole holiday season, which will last until end of December, online sales could hit a record US$ 124 billion, up by 15 percent from last year, Adobe Analytics said.

    Figures from market research firm eMarketer put overall US holiday online sales at around US$ 123 billion, which accounts for 12 percent of the estimated 1 trillion retail sales for this holiday shopping season.

    According to an annual survey, US consumers will spend an average of US$ 1,007 dollars during this holiday shopping season, up 4.1 percent from last year, the National Retail Federation said earlier.

  • Online Black Friday runs lackluster campaign in Vietnam

    Online Black Friday runs lackluster campaign in Vietnam

    Online Black Friday retailers failed to enthuse customers with usual discounts, while brick and mortar stores saw heavy traffic. E-commerce giant Lazada combined its Black Friday and Cyber Monday into a four-day promotional event, offering discounts of up to 70 percent, mostly on cosmetics and fashion items.

    New items were discounted by 15 percent, and the strongest price reductions were offered on low-value items of unpopular brands.

    Other e-commerce services claimed to offer bigger discounts, of up to 91 percent on Tiki and 99 percent on Shopee, but these were restricted to a particular time frame after which the discounts passed on to other items.

    However, such “flash sales” are familiar to online shoppers as daily offerings made by most e-commerce services.

    Thus, retailers failed to enthuse customers with the discounts.

    Minh Tien, an office worker in Ho Chi Minh City’s District 1, said that he regularly checks flash sale items on these websites. “It’s the same method this time, and I’m in no rush as the event will last three to seven days.”

    Market observers said another reason that Black Friday online sales in Vietnam failed to catch fire was the Chinese Singles’ Day promotional event held earlier this month and the upcoming Online Friday hosted by the Vietnam E-commerce and Digital Economy Agency (iDEA), under the Ministry of Industry and Trade, on December 7.

    But in contrast to the online market, the shopping atmosphere was vibrant at brick-and-mortar stores. People started to queue up at large shopping centers in Hanoi and HCMC early Friday.

    A large fashion store on Ba Trieu street in Hanoi offered a discount on all items for five hours, attracting a large number of customers.

    In other stores, customers had to wait for up to two hours to buy household items. Office workers joined the shopping frenzy at lunch time, only to find out they were late because shops stopped letting new customers after 11 a.m.

    As of 10 p.m. Friday night, customers were still queuing up at major shopping malls in Hanoi.

  • From Cyber Monday to Cyber Week

    From Cyber Monday to Cyber Week

    Cyber Monday is expected to be the largest online shopping day in U.S. history, generating a whopping $7.8 billion in sales. That’s 17.6 percent higher than last year, according to the projection from Adobe Analytics. But the National Retail Federation projects that the number of shoppers taking advantage of online bargains on Cyber Monday – about 75 million – will be 3 million fewer than in 2017.

    Just as Black Friday has evolved into “Black November,” as retailers spread out their discounts, Cyber Monday has turned into “Cyber Week”, which is expected to alter some of its strength as a stand-alone day.

    It has been estimated that more than 164 million people planned to shop over the five-day Thanksgiving weekend. But experts said Black Friday remains the busiest shopping day, with NRF projecting 116 million would shop, both in-store and online, on that day alone.

    Based on Adobe Analytics data, a record $6.22 billion was spent online by the end of Black Friday, an increase of 23.6 percent over 2017’s $5.03 billion.

    Data suggests that consumers are getting more comfortable buying more and bigger ticket items online.

    The average order value of $146 set a new record for Black Friday, up 8.5 percent over last year.

    Many brick and mortar retailers are trying to capitalize on Cyber Monday by offering “buy online, pick-up in store” deals.

    A spokesperson from the NRF said that “Of those [shoppers] that choose to buy items online and pick them up at the store, nearly 70 percent will double their basket size by the time they walk out of the store. So, even on Cyber Monday, retailers will try to use this as an opportunity to bring consumers into their physical stores and cash in on impulse buys.”

  • DHL Delivers Black Friday, Cyber Monday and 2018 Holiday Season

    DHL Delivers Black Friday, Cyber Monday and 2018 Holiday Season

    DHL, the world’s leading logistics company, is ready to deliver Black Friday, Cyber Monday and the 2018 holiday season as e-commerce continues to boom. As the only logistics company with services and capabilities to link the entire e-commerce supply chain, the DHL divisions operating in the United States can expect to handle up to 40% more volume in the peak season versus the rest of the year.

    U.S. retailers are preparing for another record holiday shopping spree, growing more than 4% with total sales predicted to top USD 1.002 trillion this Christmas season1, boosted by promotions such as Black Friday and Cyber Monday. Online sales are expected to accelerate at an even faster clip, growing nearly 17% from last year.

    To boost productivity and meet the surge in volume, DHL is adding more automation and bringing innovative technologies including using collaborative robots in fulfillment centers that help staffers gather the products needed to fill online orders more efficiently, introducing chatbots to answer customer questions more rapidly and adding more automation to its distribution centers to quickly sort and get parcels ready for delivery.

    In New York, DHL couriers will be collecting packages from automated delivery depots and beating the traffic to get them to customers’ doorsteps.

    Says Greg Hewitt, CEO for DHL Express U.S.: “We define peak as the period right after Thanksgiving through to Christmas. We really see volumes go up around the globe at this time. In the U.S., our busiest day of the year for outbound shipments is November 26 – Cyber Monday. Our busiest inbound day will be December 17 – the last Monday before Christmas.

    To ensure shipments arrive on time, Hewitt says, “First think about your product and how to protect it. Ensure you have the right packaging to move through our network. Next, ensure that your staff is accurately portraying content on the shipment’s commercial paperwork and declaring the proper value – if you don’t know how to do this, ask someone in our team. Most importantly, plan early and ship early, in order to beat potential delays due to weather or customs hold-ups. The assurance we can provide is, if it gets to our stations by December 24th, we’ll deliver it. We don’t close our doors until every package is out and on its way to the final destination.”

    DHL eCommerce’s new automated distribution center in northern New Jersey, one of the company’s 19 distribution centers along with three fulfillment centers in the U.S., provides the last mile delivery solution for online retailers. For these merchants, logistics is the back-end support that provides a significant part of the consumer experience. The new center will be launched at the end of the month.

    Says Lee Spratt, CEO for DHL eCommerce Americas: “This season will probably be stronger than 2017. The market is growing at 10-15%. I expect a minimum of 10% growth on peak volumes vs. last year, but wouldn’t be surprised to see it hit 20%. The peaks are Black Friday and Cyber Monday – around these days we see a dramatic increase in orders. The volumes usually show up on the Saturday and Tuesday directly after these days. This is when we need the highest amount of labor in our facilities and our operations at full power. Consumer expectations are high – they want to receive their orders just as on any other shopping day – and this is a defining moment for many retailers in winning and retaining business, so it’s critical that delivery providers meet their commitments.”

    At Chicago’s O’Hare International Airport and John F. Kennedy International Airport in New York, DHL Express workers will be loading American goods onto pallets and freighters for export to consumers in Asia and Europe.

    Says Mike Parra, DHL Express Americas CEO: “Many of our customers are shipping to the UK, Australia and China. These are key trade lanes, but the rest of the world is still important. A large portion of our growth is now coming from e-commerce and our fast-growing retail channel. In line with the growth we’re seeing over the first and final mile, we’ve made recent investments, for example, in expanded facilities in Tucson, Arizona, Ontario, California, and Baltimore, Maryland. We’ve also invested in air capacity – our customers want speed to market for their own customers, so we have invested in new flights to Vancouver, Lima and Bogota.

    “To improve the customer experience, we are also looking at more automation in our facilities, robotic process automation for customs clearance and billing, and chatbots and voice assistants. These enhance the end-to-end customer service experience. You can now opt to speak to someone live or to go through one of our tools that is integrated with Alexa, WhatsApp and other applications to find your package or get other information from DHL Express.”

    At the Port of Miami, DHL staff will be supervising the offload of containers filled with consumer goods from trading partners around the world.

    Says David Goldberg, CEO for DHL Global Forwarding U.S.: “The peak season usually starts a bit earlier for the forwarding industry, as customers reposition inventory to their fulfillment centers in the U.S. ahead of time in consolidated freight consignments. Last year, we saw an extremely strong peak in the fourth quarter, with a capacity crunch in air freight and ocean freight, and rates going up by more than 100% versus previous months. Now, with the tariffs, inventory is getting pushed forward, so the peak has started even earlier and become more elongated. We are seeing tight capacity in transpacific ocean freight, in particular, which is one of the main trade lanes during the holiday season. And air freight capacity has tightened in recent weeks. Both capacity and rates are tight overall.”

    And in Columbus, Ohio, DHL warehouse associates will be working with several innovative technologies that help them make sure that the right products are in every order and get them on the road well in time for Santa’s visit. Vision Picking is among the technologies that DHL is using. These “smart glasses” are an augmented reality tool that provides staff in warehouses with the location of products needed to fill orders; helps reduce pick time and increase order picking accuracy thus providing productivity increases of up to 10%. It also helps reduce employee training time.

    DHL is also working with collaborative robots which can see, move, and work alongside people. Made by Locus Robotics, LocusBots are used in e-commerce fulfillment operations, helping staffers locate products for orders and ferrying them from warehouse aisles to the shipment prep area. With the bots, order pickers don’t have to push carts or carry heavy bins. LocusBots are used in several DHL warehouses.

    Says Scott Sureddin, CEO for DHL Supply Chain North America: “The expectation of next-day or 2-day delivery is compressing order cycle times and challenging everyone in the supply chain to become more efficient and adaptable to change. The first thing our e-commerce customers want is quality and operational excellence with a continuous improvement culture. They also want experts who are leaders with emerging technologies, who can help them to find ways of improving efficiencies and productivity. And they want agile solutions, which will allow them to respond to changes in their market and business needs.”

  • Zara confirms it is taking part in Black Friday, with huge discount

    Zara confirms it is taking part in Black Friday, with huge discount

    High street giant Zara has finally confirmed it will be taking part in this year’s Black Friday event. The retailer has remained very tight-lipped about its plans for the shopping event which officially takes place tomorrow, and has even opted against advertising its plans in its windows.

    Speculation has been high as to whether the retailer would be taking part this year- following last year, which marked the first time Zara has been involved in the discount event.

    But it has finally released details of the money its customers could save tomorrow.

    Zara will be offering shopper 20% off selected departments for Black Friday.

    Last year, there was a variety of products which the discount could be used on, including coats, shoes, tops and more.

    Fans have been eagerly waiting for Zara’s Black Friday announcement. On Twitter @amarjhot said: “Still waiting on Zara to drop a Black Friday sale? … no? Ok.”

    @CharlyOConnor said: “I need to place a Zara order but I’m holding out for the Black Friday sale – this is going to end up being a disaster I bet.”

    And, @_JAEopardizes said: “Zara need to hurry up and put their Black Friday sale up.”

  • What is Black Friday like in the Philippines?

    What is Black Friday like in the Philippines?

    After Singles’ Day, the annual Black Friday shopping frenzy is back. A decades-old tradition celebrated every year the day after Thanksgiving, Black Friday marks the unofficial start of the Christmas shopping season in America.

    Together with its more recent online counterpart Cyber Monday, the sales have become a major global event over the past few years as online shopping has brought the bargains to the rest of the world.

    So what is exactly Black Friday like in emerging developing countries like the Philippines? What are Filipinos consumers’ expectations?

    Large discounts expected

    Customers will not waste the opportunity to save money on shopping.

    55% of Filipinos admitted that they’re going to take part in the upcoming Black Friday sales and 91% of shoppers save money prior to Black Friday just to shop on this day.

    Let’s remember that Black Friday sales are usually associated with electronics and housewares which are the best-selling products.

    The remaining 9% declared that they are going to buy on installments.

    38% of consumers are planning to buy 2-3 products, and 36% are going to go on a shopping spree and buy more than 5 items.

    What’s more, 59% of buyers already have an idea what’s going to end up in their baskets. This can be due to the infinite number of guides to what is worth buying and how to find the biggest discounts.

    Black Friday symbolically opens the season of pre-Christmas sales. That is why it is a great opportunity for those who start searching for gifts in advance.

    38% of consumers will take advantage of Black Friday exactly for this purpose—to buy Christmas gifts.

    However, in the Philippines Black Friday is also an occasion to get a present for yourself as it is the intention of 67% of consumers.

    What does an average shopper looks like?

    Spending differences vary by sex. Indeed, an average man will spend more money on sales than an average woman: 3906 PHP and 2724 PHP respectively.

    When it comes to age the biggest interest for Black Friday discounts was among people aged 55-64 and 45-54.

    Statistics also say that mobile devices dominated desktops with 68% of consumers shopping on their mobile phones and 29% on desktops.

  • Retailers suffer worst December since 2010

    Retailers suffer worst December since 2010

    Retail sales fell more sharply than expected in the core Christmas month, capping the worst December performance for volumes since 2010.

    The Office for National Statistics (ONS) issued the grim update on the health of the high street just hours after Carpetright became the latest big name chain to announce a profit warning .

    The retail figures showed sales volumes fell 1.5% on November which was boosted by strong Black Friday trade.

    It marked the biggest month-on-month fall since June 2016 – the month when the UK was focused on the Brexit vote on 23 June.

    The Leave win prompted a collapse in the value of the pound, resulting in a leap in shop prices during 2017 as a whole as stores passed on higher import costs.

    Higher inflation, coupled with earnings failing to keep pace, has been a thorn in the side of the retail sector as the squeeze on shoppers’ budgets has dented demand for non-essential goods.

    The ONS said 2017 was the weakest year for retail since 2013 but it still recorded year-on-year growth of 1.3% and a rise of 1% over the final quarter of the year.

     How the major retailers have fared over Christmas

    Senior statistician, Rhian Murphy, said: “Retail sales continued to grow in the last three months of the year partly due to Black Friday deals boosting spending.

    “Consumers continue to move Christmas purchases earlier with higher spending in November and lower spending in December than seen in previous years.

    “However, the longer-term picture is one of slowing growth, with increased prices squeezing people’s spending.

    “Over the year the proportion of internet spending is continuing to rise, with almost one in every five pounds spent online by the end of 2017.”

    Ruth Gregory, UK economist at Capital Economics, said it was difficult to get a clear picture of the state of the high street because the ONS figures showed retail sales values rising – suggesting a limited impact from price pressures.

    “A fall in retail sales volumes in December had always looked likely, given November’s hefty rise.

    “After all, UK retailers’ adoption of “Black Friday” discounting appears to have caused consumers to bring forward their Christmas purchases, rather than to buy more overall in recent years,” she wrote.

  • Amazon seizes half of all online Black Friday sales

    Amazon seizes half of all online Black Friday sales

    Amazon is dominating — again.

    Black Friday sales and promotions have helped the company claim between 45% and 50% of all online Black Friday sales, according to a new report from GBH Insights. GBH called the results “eye-popping.”

    This new number, combined with online sales figure estimates for the same timeframe from other analytics firms, shows Amazon’s sales are well over $1 billion for the last 24 hours or so.

    This heralds another blockbuster holiday for Amazon, with estimates that it will take half of all online sales throughout the holiday. It will need to fend off an aggressive Walmart to do so. Walmart has pumped its resources into its new online offerings to make them more competitive and likely had its most ambitious online Black Friday this year.

    Still, Amazon Prime subscriber growth — in terms of both numbers and how much they spend — sets Amazon up well for the rest of the year.

    “Customers purchased millions of Amazon’s Alexa-enabled devices , and Alexa devices were the top sellers across all of Amazon,” David Limp, Amazon’s head of devices, said in a press statement.

    The Echo Dot, Amazon’s cheapest device with its voice assistant, Alexa, was Amazon’s best-seller globally across all categories — and it was on sale over the weekend for $30, the cheapest it has ever been.

    Other best-sellers included the new Fire TV Stick, the new Amazon Echo, and the Fire 7 tablet, the company said.

    The device sales propelled Amazon to a strong Thanksgiving weekend overall.

    Amazon accounted for 45% of online transactions among 50 top retailers on Thanksgiving and 55% on Black Friday, an analysis by Hitwise found. As of Monday, Amazon was on track to take about half of all online sales over Thanksgiving weekend, according to research by GBH Insights.

    People spent a record $6.59 billion online on Cyber Monday, $5.03 billion on Black Friday, and $2.87 billion on Thanksgiving Day, according to estimates from Adobe Analytics. Given these figures, it’s not hard to make a rough guess about the billions Amazon raked in over the holiday weekend.