In November 2019, retail spending during Black Friday was R15.4bn. It was R10.2bn in November 2020, and is expected to be R11.3bn this yearA new study suggests that retail spending during Black Friday will improve this year compared to 2020.Retail spending on Black Friday will improve this year compared to 2020 but it will not be better than 2019, according to research.
The new jobs created in 2020 and 2021, Van Aardt said, would benefit retailers during Black Friday 2021. He said between 2019 and 2020, a growing percentage of Black Friday spending was on necessities. This, he said, was due to large-scale job losses and low-income growth in 2020. Van Aardt said the country could not afford to have another hard lockdown because the level of job losses would be “humongous”.Connect Group CEO Steven Heilbron said retailers should not be waiting for Black Friday or big events to make money.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Union to start indefinite strike at Game, Makro ahead of Black FridayWorkers will start an indefinite strike on Friday at all group companies owned by Walmart-led Massmart Holdings in South Africa, their union said, creating another problem at the retailer struggling to turnaround. No worries they can go on strike, but we do not need any Black Friday. We live in South Africa we do Looting Goods Friday and after wards burn everything down as traditional looting stamp of approval. P.s that is the only way to keep SAPoliceService busy and up their fitness
Source: TimesLIVE - 🏆 28. / 59 Read more »
Union to start indefinite strike at Game, Makro ahead of Black FridayWorkers will start an indefinite strike on Friday at all group companies owned by Walmart-led Massmart Holdings in South Africa, their union said, creating another problem at the retailer struggling to turnaround.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Union to start indefinite strike at Game, Makro ahead of Black FridayWorkers will start an indefinite strike on Friday at all group companies owned by Walmart-led Massmart Holdings in South Africa, their union said, creating another problem at the retailer struggling to turnaround.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Geared up for Black Friday? Here's how to stay safe onlineIt is almost time for the annual retail frenzy, Black Friday, so here’s how to protect yourself from being cyber conned and spending more than you can afford.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »