skip_previous play_arrow skip_next
00:00 00:00
  • cover play_arrow

    Rother Radio (128k) Love Local, Love Music!

  • cover play_arrow

    Rother Radio (64K) Love Local, Love Music!

  • cover play_arrow

    Hit Music Radio (128K) More Music Variety!

  • cover play_arrow

    Hit Music Radio (64K) The Best Variety of Hits!

Business News

Black Friday heralds raft of offers from big retailers but event ‘not what it once was’


share close

Black Friday takes place tomorrow heralding a raft of pre-Christmas discounts by major retailers.

The annual shopping event, a tradition imported from the US, has become less of a prominent date on retail calendars recently.

Today it is less likely to mean shoppers queuing overnight for bargains as some of the more excessive hype fades, with retailers themselves potentially wary about discounting too heavily ahead of bumper December trading.

Shops in Canterbury, Kent, display offer posters ahead of Black Friday sales. 22/11/2018
Image: The tradition was imported from the US

But major retailers such as Amazon, John Lewis, Argos, Currys, Boots and Apple are taking part, with deals on products from Lego to laptops and TVs, games consoles and beauty products also featuring prominently among offers.

Currys said that last year – when online orders were boosted by shops being shut – it had over 10 million more visitors over the Black Friday weekend than in 2019, with traffic peaking between about 9am and 12pm.

Data company Springboard has predicted that Black Friday shopping will receive a bump this year with a 7.9% boost to shopper footfall due to consumers worried about supply chain issues bringing forward Christmas purchases.

Meanwhile, an investigation by consumer organisation Which? has found that not all deals over the period will be the bargains they are made out to be.

More from Business

It found that in nine out of ten cases it looked out, they were the same price or cheaper over the six months before.

The British Independent Retailers Association, which represents about 6,000 firms, has said that about 85% of its members will not take part in the event.

Unrecognizable woman shopping at Black Friday, she using digital tablet and ordering electronics online.
Image: Some of the deals on offer are not as good as they may seem, Which? has found

Smaller operators are less likely to be able sell at the volumes at which they can make heavy discounting work for them.

Victoria Scholar, head of investment at Interactive Investor, said: “Black Friday is not the retail event it once was.

“The number of British shoppers capitalising on deals is expected to fall versus before the pandemic with economic pressures from rising prices and a fractured supply chain translating into fewer discounts.

“On top of that there has been an increase in climate consciousness after COP26, with most of us trying to consume fewer cheap goods, particularly clothes that we don’t necessarily need.

“Some of the biggest retailers in the UK including Next and Marks & Spencer alongside many independent retailers have opted out of Black Friday this year.

“However, most retailers are still participating in the hope that higher turnover will offset the reduced margins.”

 Sky News

© Sky News 2021

Written by: Rother Radio News

Previous post

UK News

Man arrested over Plymouth teenager’s murder is released by police

One of the two men arrested over the murder of a Plymouth teenager who vanished on Saturday has been released without charge.Bobbi-Anne McLeod disappeared after last being seen alive at a bus stop in Leigham at around 6pm on Saturday evening, as she made her way to meet a friend in the town centre. A body, believed to be that of the 18-year-old, was found at Bovisand on Tuesday afternoon […]