Pandemic mutes Black Friday fanfare but retailers still banking on sales to bolster bottom lines | iNFOnews | Thompson-Okanagan's News Source

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Pandemic mutes Black Friday fanfare but retailers still banking on sales to bolster bottom lines

A customer carries a large TV to the checkout at a Best Buy store on Black Friday, shortly after the store's 6 a.m. opening on Friday, Nov. 27, 2015 in Ottawa. Black Friday, the one-day shopping bonanza known for its big bargains and large crowds, has arrived. While rising COVID-19 cases and weeks of staggered deals have muted the usual fanfare of the shopping event, retailers are banking on today's sales to bolster their bottom line.
Image Credit: THE CANADIAN PRESS/Justin Tang
November 27, 2020 - 9:29 AM

Black Friday, the one-day shopping bonanza known for its big bargains and large crowds, has arrived.

While rising COVID-19 cases and weeks of staggered deals have muted the usual fanfare of the shopping event, retailers are banking on today's sales to bolster their bottom line.

Retail analysts say some bargain hunters are still expected to shop in brick-and-mortar stores, where possible, in the hopes of snagging a doorbuster deal.

But they say the majority of this year's Black Friday purchases are expected to be made online.

Eric Morris, head of retail at Google Canada, says e-commerce in Canada has doubled during the pandemic.

He says given ongoing lockdowns and in-store capacity limits, online sales are expected to be strong today and remain heightened over the holiday shopping season.

Indeed, big box stores, which often attract the largest lineups and crowds on Black Friday, have moved most promotions online.

Yet although Black Friday's top sellers tend to be big-ticket electronics, some shoppers might be on the hunt for deals on more basic items.

Lisa Hutcheson, managing partner at consulting firm J.C. Williams Group, says some shoppers may take advantage of today's sales to "stock up and hunker down for the winter."

Black Friday, which started as a post-Thanksgiving sale in the United States, has gained in popularity in Canada in recent years.

It's also become an increasingly important sales event for retailers, along with Cyber Monday, overshadowing Boxing Day.

Robin Sahota, managing director and Canadian retail lead for professional services firm Accenture, says retailers might be saving some special discounts for Cyber Monday.

“It's going to be a day where retailers look to add some sweeteners to entice consumers, particularly with the pull forward of Black Friday," he says. "I think folks will be seeking out something special on Cyber Monday.”

This report by The Canadian Press was first published Nov. 27, 2020.

News from © The Canadian Press, 2020
The Canadian Press

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