Black Friday news and archive

Landsec outlets report “record-breaking” Black Friday

Landsec, owner of the UK’s leading retail and hospitality platform, has reported an 8.1 percent year-on-year sales growth across its outlets during Black Friday week, from November 24 to 30. Its outlets Gunwharf Quays, Braintree Village and Clarks Village generated a combined spend of 16.3 million pounds across Black Friday week, with footfall...

Retail

TikTok Shop records its highest sales day in the UK for Black Friday

On Black Friday, November 28, TikTok Shop sold 27 items every second and recorded its highest sales on the platform in the UK to date, surpassing last year’s record-breaking performance by 50 percent across the full Black Friday/Cyber Monday period, from Friday, November 21, to Monday, December 1. The peak of the activity was Black Friday...

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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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Retail|Report

6 Takeaways for Retailers to Achieve a Winning Holiday Season

The kick-off for the holiday shopping season has begun, with Black Friday well underway and Cyber Monday just around the corner. As shoppers across the nation get into the festive season and begin the hunt for the perfect gifts for their loved ones, one key message emerges. While it’s not secret that shoppers receive countless marketing...

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Business

Black Friday 2025: How EU and US brands are reshaping discount strategies

As the 2025 holiday season approaches, fashion retailers throughout the EU and US are moving into a discounting period defined by caution, compressed shopping calendars and tighter margins. Despite improved consumer sentiment, data platforms like Deloitte and PwC are projecting a year-over-year decline in holiday spending, pushing brands to...

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Business

Despite doubts over economy, Americans set for record holiday spending

Americans are expected to spend a record amount over the holiday season, despite lingering worries in the world's biggest economy about stubborn inflation, tariffs and the knock-on effects of the government shutdown. "Consumers remain pretty concerned about inflation and, there's no doubt, about where prices are going," Mark Mathews, chief...

Retail

UK retail sales stall as shoppers hold back for Black Friday

UK retail sales growth slowed in October as consumers held back spending ahead of Black Friday promotions, with fashion and non-food categories showing only marginal gains. According to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor, total retail sales rose 1.6 percent year-on-year in October, below the 12-month average of 2.1...

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Business

Why the UK’s Autumn Budget matters more than ever for fashion retail

The Autumn Budget often arrives just as the festive shopping season begins, but this year it comes at a particularly sensitive time for shoppers and retailers alike. Many households are still feeling the pinch from rising costs, while brands are preparing for the pressure of Black Friday deals and end-of-year sales. According to the latest data,...

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Business

Why retail’s future depends on loyalty, not discounts

Black Friday and its many global offshoots are no longer the shopping phenomena they once were. Participation remains high, but enthusiasm is fading. According to new YouGov data, 35 percent of British consumers say they are less interested in mega sales than they were a few years ago. The reasons are telling: 63 percent cite misleading...

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Retail

Industry insiders give their reaction to latest ONS figures

British clothing and footwear retailers suffered their sharpest year-on-year decline since January 2022, with sales falling 2.6 per cent in November, marking the second consecutive monthly decrease. The Office for National Statistics' (ONS) latest retail monitor, which concluded on November 23, captured only a partial picture of consumer...

Retail

Shopping malls see comeback in pre-holiday surge

U.S. shopping mall foot traffic delivered a robust performance in November, signalling a potential renaissance for brick-and-mortar retail that could extend into the December shopping season, according to the latest industry data. The revival is particularly noteworthy for indoor shopping centres, which registered a 6.4 percent year-over-year...

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Retail

Black Friday 2024: What lessons does it offer for the Christmas campaign?

After the intense Black Friday, a date that has evolved to become a key thermometer for measuring consumer confidence and a turning point in retail sales, companies are preparing for a crucial stage of evaluation and adjustment. Historically associated with the transition from "red numbers" (losses) to "black numbers" (profits), this strategic...