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Black Friday will only attract 20% of consumers



Consumers this year are in the mood to save money and look for the cheapest goods.
Police and banks warned of fraudsters stepping up on Black Friday

In the United States, only 20% of consumers plan to shop on Black Friday, says research by consulting firm PwC. According to the Holiday Outlook 2022 survey, 17% plan to wait with their purchases until the first weekend after Thanksgiving. Most - 41% - expect to wait for discounts to begin Thursday through the Monday after Thanksgiving. 

The survey noted that about 75% of respondents expect to raise prices on items in the upcoming sale. 74% of shoppers plan to keep holiday spending at last year's level. 

Many major retailers, including Walmart and Kohl's, have already launched pre-holiday sales and set special prices on a number of products. Overall, however, discounts are still lagging behind last year's levels. 

Consumers this year are in the mood to save money and look for the cheapest goods. More than half of the respondents said they were concerned about the rate of inflation. Overall, consumers plan to spend an average of $1430 on gifts, travel and entertainment this year, which is comparable to spending last year and 20% more than in the crisis year of 2020.


YESTERDAY, Singapore:
Gucci Beauty has made the new flagship as technologically advanced as possible.
DAY BEFORE YESTERDAY:
Fawaz Alhokair Group has announced plans to launch its own e-marketplace in the first half of 2023.
Dec 5, 2022, Spain:
The retail space is located on Don Juan de Austria street in downtown.
Dec 5, 2022, USA:
The renovation will create an incredibly special harbor experience.
Dec 2, 2022, China:
Next in the ranking are Zara and Zalando.
Dec 1, 2022, Italy:
LVMH has reached an agreement to acquire the jewelry company Pedemonte Group.
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