• Latest
  • Trending
  • All
  • News
  • Business
Retail Doctor gives thumbs up to Black Friday events

Retail Doctor gives thumbs up to Black Friday events

November 25, 2021
Track Your Business Miles & Create a Mileage Log Like a Pro

Track Your Business Miles & Create a Mileage Log Like a Pro

September 30, 2023
Tips To Increase Hair Volume

Tips To Increase Hair Volume

September 25, 2023

Ensuring Adequate Protection for Your Entire Family: Exploring Term Insurance Options

September 22, 2023
Different Ways An Oil And Gas Lawyer Can Assist Your Business

Different Ways An Oil And Gas Lawyer Can Assist Your Business

September 19, 2023
Understanding The Tax Benefits of Term Insurance Plans

Understanding The Tax Benefits of Term Insurance Plans

September 15, 2023
3 Trendy Crop Tops for Women in UAE

3 Trendy Crop Tops for Women in UAE

September 19, 2023
Tips To Increase Hair Volume

Tips To Increase Hair Volume

September 29, 2023
A Look at Kylie Jenner’s Real Estate Portfolio and Its Impact on Her Net Worth

A Look at Kylie Jenner’s Real Estate Portfolio and Its Impact on Her Net Worth

September 11, 2023
How Do Online Slots Games Provide a Maximum Chance of Winning?

How Do Online Slots Games Provide a Maximum Chance of Winning?

September 12, 2023
Defending Against Drug Possession Charges: Misdemeanor Lawyers’ Perspective

Defending Against Drug Possession Charges: Misdemeanor Lawyers’ Perspective

September 8, 2023
Digital marketing for EV branding

Power Up Your Electric Vehicle Branding With Digital Marketing Strategies 

September 4, 2023
Mini Piling Contractors – Choosing the Right One

Embracing the Journey: Unveiling the Profound Importance of Travel

September 1, 2023
Visitmagazines
  • Home
  • Business
  • News
    3 Trendy Crop Tops for Women in UAE

    3 Trendy Crop Tops for Women in UAE

    Tips To Increase Hair Volume

    Tips To Increase Hair Volume

    HappySites LED Backpacks: The Ultimate Fashion Statement for Kids

    HappySites LED Backpacks: The Ultimate Fashion Statement for Kids

    Stay on Trend with a Dapper Plaid Tie – A Must-Have for Modern Gentlemen

    Stay on Trend with a Dapper Plaid Tie – A Must-Have for Modern Gentlemen

    Exploring the World of Industrial Diamonds_ A Glimpse into the _Handbook of Industrial Diamonds and Diamond Films_

    Exploring the World of Industrial Diamonds_ A Glimpse into the _Handbook of Industrial Diamonds and Diamond Films_

    Be a symbol of grace and culture with Indian ethnic fashion.

    Be a symbol of grace and culture with Indian ethnic fashion.

    Bikes For All Ages: Embracing A Family-friendly Cycling Culture

    Bikes For All Ages: Embracing A Family-friendly Cycling Culture

    Abigail Johnson’s 5 Secrets to Success

    Abigail Johnson’s 5 Secrets to Success

    How To Offset Your Company’s Carbon Emissions?

    How To Offset Your Company’s Carbon Emissions?

    8 Tips On Choosing Bollards

    8 Tips On Choosing Bollards

    Trending Tags

  • Entertainment
    How Nelly Furtado Built Her Net Worth

    How Nelly Furtado Built Her Net Worth

    The Release Date and Cast of Mahesh Babu’s Upcoming South Indian Film

    The Release Date and Cast of Mahesh Babu’s Upcoming South Indian Film

    The best torrent websites for downloading TV shows

    The best torrent websites for downloading TV shows

    Baroque music – characteristic features of the classical music epoch  

    Baroque music – characteristic features of the classical music epoch  

    5 Swimming Pool Dangers You Didn’t Think About

    5 Swimming Pool Dangers You Didn’t Think About

    Download Latest Movies Free Online From 4movierulz

    Download Latest Movies Free Online From 4movierulz

    Action Games are More than just Games; They Train Your Brain – Find out How

    Action Games are More than just Games; They Train Your Brain – Find out How

    Best Tips To Buy Zorb Ball

    Best Tips To Buy Zorb Ball

    Best Free Movie Streaming Sites

    Best Free Movie Streaming Sites

    CuriosityStream

    CuriosityStream

  • Technology
  • Legal
    • Law
No Result
View All Result
Visitmagazines
No Result
View All Result
Home Health

Retail Doctor gives thumbs up to Black Friday events

by Paloma Gonzalo
in Health
0
Retail Doctor gives thumbs up to Black Friday events
502
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Top retail expert Bob Phibbs believes that sales events such as Black Friday and Singles’ Day have become a crucial part of the online shopping sector.

Phibbs has spent nearly 30 years helping retail businesses grow their brands, so is well placed to comment on marketing techniques and how they work.

The term Black Friday dates back to Philadelphia in the 1960s, when retailers aggressively discounted selected items to create a sales frenzy around the city.

Over the next couple of decades, the event was widely known as the day that retailers recovered trading losses and moved back into the black.

The arrival of the internet sparked a global shift towards online shopping, and the trend has continued apace since the turn of the century.

Black Friday has since become big business, with at least $40 billion spent by consumers during the event in each of the last 11 years.

It has expanded from initially being staged over a single day into a multi-day event, with many retailers dripping out deals weeks in advance.

In a recent interview with Betway Casino, Phibbs explained why Black Friday has become a global phenomenon in recent years.

“It’s the biggest of the big,” he said. “The Walmarts and even Amazons launched their Black Friday deals back in October. We can also look at Prime Day in the summer.

“There used to be Cyber Monday that was a big contract before we had apps and persons had internet in their homes.

“People derived back to effort and did their shopping on Monday because that was the only time they could essentially grow online.

“That’s not the case anymore. People have more time to do their shopping.”

The success of Black Friday in the Western world has spawned several similar events, most notably in China where Singles’ Day has become a huge hit.

This year’s event staged earlier this month was hugely successful, with retailers Alibaba and JD.com setting a record-breaking $139 billion of sales.

Mexico’s El Buen Fin and Australia’s Click Frenzy are other online shopping events that have generated massive revenues in those respective countries.

These type of innovative Black Friday sales drives will continue to grow in popularity as consumers gravitate further towards online shopping.

Phibbs believes that the days where people had to queue for eight hours to grab a $10 television from a land-based Black Friday sale are now long gone.

“We don’t really want those days to come back because it’s almost impossible to manage,” he added.

“But I think we’re going to continue to realise more niche events that can become people excited.

“We’re positively seeing more revolution coming out of Asia, and other places as well – look at Singles’ Day.

“Chinese New Year used to be a niche item, now it’s everywhere. It gives you a chance to go out to a not the same consumer and it stretches you a chance to give persons the sensitivity that they matter.”

Share201Tweet126Share50
Previous Post

How much does it cost to develop an online portal?

Next Post

Why Play Baccarat on the Web

Paloma Gonzalo

Paloma Gonzalo

Next Post
Why Play Baccarat on the Web

Why Play Baccarat on the Web

Please login to join discussion
  • Trending
  • Comments
  • Latest
khatrimaza | khatrimazafull| Okhatrimaza is an Indian website – why is it banned?

khatrimaza | khatrimazafull| Okhatrimaza is an Indian website – why is it banned?

March 14, 2022
Get the New Experience of Beer Tasting withWorld of Beer Tampa Bay, Florida

Get the New Experience of Beer Tasting withWorld of Beer Tampa Bay, Florida

October 22, 2022
สูตรแทงบอล SBOBET(SBOBET Football Betting Formula) and Strategy

สูตรแทงบอล SBOBET(SBOBET Football Betting Formula) and Strategy

May 26, 2022
Khatrimaza cool | Khatrimaza full | Khatrimaza pro – Watch the latest videos, photos, and news on Khatrimaza.

Khatrimaza cool | Khatrimaza full | Khatrimaza pro – Watch the latest videos, photos, and news on Khatrimaza.

65
khatrimaza | khatrimazafull| Okhatrimaza is an Indian website – why is it banned?

khatrimaza | khatrimazafull| Okhatrimaza is an Indian website – why is it banned?

24
7starhd win | 7starhd loan | 7starhd fans | 7starhd bv: Download Hindi, Tamil, Bollywood, Hollywood Best Movies for Free & Enjoy the Movies

7starhd win | 7starhd loan | 7starhd fans | 7starhd bv: Download Hindi, Tamil, Bollywood, Hollywood Best Movies for Free & Enjoy the Movies

1
Track Your Business Miles & Create a Mileage Log Like a Pro

Track Your Business Miles & Create a Mileage Log Like a Pro

September 30, 2023
Tips To Increase Hair Volume

Tips To Increase Hair Volume

September 25, 2023

Ensuring Adequate Protection for Your Entire Family: Exploring Term Insurance Options

September 22, 2023

Visitmagazines.com © Copyright 2023, All Rights Reserved

  • Privacy Policy
  • Contact us

No Result
View All Result
  • Home
  • News
    • Business
  • Entertainment
    • Sports

Visitmagazines.com © Copyright 2023, All Rights Reserved