Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Innokin Wins "Golden Leaf Award for Innovation" at GTNF 2023 for World’s First Metal-free Conductive Ceramic Coil

    September 21, 2023

    Marrying Innovation and Sustainability: Eviosys Launches Revolutionary Metal Closure ‘Horizon’ Enabling Brands to Adopt Mono-Material Packaging

    September 21, 2023

    HUAWEI eKit Joins Hands with Distribution Partners to Explore Unlimited Opportunities in the SME Market

    September 21, 2023
    Facebook Twitter Instagram
    Amman PressAmman Press
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • More
      • Sports
      • Technology
      • Travel
    Amman PressAmman Press
    You are at:Home » Inflation hovers over Black Friday shoppers
    News

    Inflation hovers over Black Friday shoppers

    November 25, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    A return to familiar holiday shopping patterns is marked by Black Friday, but inflation is weighing on consumers, according to the Associated Press. The high cost of food, rent, gasoline, and other household items has affected shoppers. Due to this, many people are hesitant to spend money unless there is a big sale and are more selective when they buy what they buy – often trading down to bargains and less expensive stores. Furthermore, shoppers are turning to “buy now, pay later” services like Afterpay that allow them to pay in installments, as well as using their credit cards at a time when the Federal Reserve hikes interest rates to cool the economy. Shoppers may be more inclined to look for bargains when they are experiencing financial hardship.

    Inflation hovers over Black Friday shoppersIt is a contrast from a year ago, when consumers bought early out of fear they wouldn’t get what they needed due to supply chain clogs. Stores didn’t have to discount much because they were struggling to bring in items. However, some pandemic habits persist. Despite a return to normalcy, many retailers that closed stores on Thanksgiving Day are still pushing discounts on their websites to thin out crowds. There is no doubt that the five-day Black Friday weekend, which includes Cyber Monday as well, is a key barometer of shoppers’ willingness to spend, especially this year. Around 20% of the retail industry’s annual sales are generated during the two-month period between Thanksgiving and Christmas.

    Related Posts

    UN calls for greater female representation in police forces worldwide

    By Elsabeth SchneiderSeptember 8, 2023

    Africa faces skyrocketing costs of climate change, projected to reach $440 billion

    By Elsabeth SchneiderSeptember 5, 2023

    Revolutionary acoustic study sets new standard for marine conservation in the UAE

    By Elsabeth SchneiderSeptember 2, 2023

    MENA Newswire reconfigures the algorithm of organization generated content

    By Elsabeth SchneiderSeptember 1, 2023
    Latest News

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    At the Bharat Mandapam in New Delhi, the curtains have come down on the 18th…

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023

    AI drives MENA Newswire’s entry into Saudi digital media

    September 8, 2023
    © 2023 Amman Press | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.