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Black Friday news and archive

Retail

Thanksgiving weekend sees record numbers as promotions sway consumers

A record number of shoppers were reported to have turned out for the Thanksgiving holiday weekend, as compelling promotions and an extended five-day window encouraged engagement. The National Retail Federation’s (NRF) annual consumer survey, released alongside Prosper Insights & Analytics, recorded 202.9 million consumers across Thanksgiving Day...

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Business

Phoebe Philo’s ‘secret sale’ highlights luxury’s quiet struggle with excess stock

The annual cascade of Black Friday newsletters has been hard to escape, arriving with such frequency that even the most discerning shoppers may feel a twinge of fear of missing out. Promotions now cover everything from LED face masks consumers did not know they needed to socks, sweats and, increasingly, luxury fashion. Excess inventory remains a...

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