25 November 2022 - Black Friday and cost-of-living crisis
‘Just stop and think’: how to navigate Black Friday sales in a cost-of-living crisis
Brittney Rigby (The Guardian, 23/11/2022)
Black Friday, Singles Day, Cyber Monday, Boxing Day – the sales are upon us, and although they always tease and tempt, the stakes feel higher this year, as a cost-of-living crunch forces people to keep the lights off and use Afterpay to buy groceries.
While an opportunity to save on staples, treats and Christmas gifts, sales also encourage overspending, buying things we wouldn’t otherwise and bringing forward purchases we may have made in the future but don’t need – and may not be able to afford – now.
U.S. shoppers alone in boosting Black Friday spend as cost-of-living crisis hits Europe
Karen Gilchrist (CNBC, 24/11/2022)
Black Friday may offer an opportunity to bag a bargain ahead of the festive period, but many shoppers will be expecting retailers to cut prices by a greater margin this year as they tighten their belts amid a worsening cost-of-living crisis.
How are retailers preparing for Black Friday deals?
Chris Campbell (CTV News, 25/11/2022)
With the holidays upon us, financial experts are reminding consumers to avoid overspending and impulsive buys as Black Friday deals entice people to spend.
Multiple surveys suggest a majority of Canadians will continue to spend the same amount this year as last. However, last year's budget will not go as far this year due to the rising cost of living.
Black Friday: so many online returns end up in landfill – here’s what needs to happen to change that
Erica E.F. Ballantyne and Jonathan Gorst (The Conversation, 24/11/2022)
Two of the busiest online shopping days of the year are upon us. In the middle of a cost-of-living crisis and recession, retailers will be desperately hoping that shoppers take advantage of discounts on Black Friday and Cyber Monday to bump up annual sales figures.