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Black Friday fervour wanes as some consumers, retailers shun practice

Some businesses are choosing to opt out, while some shoppers are turning to buying online
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Shoppers rush to grab electric griddles and slow cookers on sale for $8 shortly after the doors opened at a J.C. Penney story in this file photo from Las Vegas on November 23, 2012. (Julie Jacobson/The Canadian Press/AP)Jacobson

Chaotic images of people clamouring to be the first through the doors to get their hands on hot deals have become synonymous with Black Friday in recent years.

However, the one-day shopping frenzy at malls and stores following American Thanksgiving may be on the decline as some consumers and retailers start to shun the tradition by either opting out entirely or turning to internet shopping instead.

B次元官网网址淚n the B次元官网网址70s and B次元官网网址80s if you wanted to distinguish yourself as a company you would participate in this event,B次元官网网址 said Markus Giesler of York UniversityB次元官网网址檚 Schulich School of Business in Toronto.

B次元官网网址淭oday itB次元官网网址檚 the exact other way around.B次元官网网址

Online fashion retailer ModCloth, for example, announced this year that its website would shut down on Black Friday and the company would donate US$5 million worth of merchandise to a non-profit organization.

B次元官网网址淚tB次元官网网址檚 been fun, Black Friday. You had the deals and the steals, but this year weB次元官网网址檙e looking for the feels,B次元官网网址 the company wrote in a blog post.

Outdoor retailer REI, on the other hand, has closed its stores on Black Friday for the past two years, given their employees a paid day off, and encouraged people to partake in a new tradition and head outside instead.

These brands are mimicking a consumer shift away from mass consumption, said Giesler.

Once fringe activist movements like Buy Nothing Day B次元官网网址 an anti-consumerism protest held on the same day as Black Friday B次元官网网址 have seeped into the mainstream as more people embrace minimalism and choose conscious consumption.

B次元官网网址淢y neighbours left and right would unsurprisingly now say, B次元官网网址榊ou know, we no longer do the mall thing. We no longer do the Black Friday thing,B次元官网网址橞次元官网网址 said Giesler.

Last year, Thanksgiving weekend sales in stores in the U.S. were down 4.2 per cent, while foot traffic fell 4.4 per cent, according to data from RetailNext, a retail analytics firm.

Two factors seemed to have altered how people view Black Friday, said JoAndrea Hoegg, an associate professor at the University of British ColumbiaB次元官网网址檚 Sauder School of Business.

Sales now last about a week, rather than being a single-day event, she said, and the internet has given consumers the ability to find great deals year round.

B次元官网网址(There) seems to be less of an urgency about the purchases,B次元官网网址 she said. B次元官网网址淚tB次元官网网址檚 sort of less of a hype that this is the one day of the year B次元官网网址 this and Boxing Day B次元官网网址 that you can really, you know, get that fantastic deal.B次元官网网址

Still, she believes the shopping spree remains popular, especially online.

American consumers spent US$30.39 billion online between Nov. 1 and 22, according to Adobe Analytics data, which covers 80 per cent of transactions made with the countryB次元官网网址檚 100 largest e-retailers. ThatB次元官网网址檚 up nearly 18 per cent from the same timeframe last year.

As of 5 p.m. ET on Thanksgiving day, the company said Americans already spent nearly 17 per cent more than they did last year, shelling out $1.52 billion online.

For shoppers not interested in the social aspect of Black Friday shopping, online purchases make much more sense, Hoegg said.

B次元官网网址淵ou donB次元官网网址檛 have to deal with the crowds and the deals are, by and large, just as good.B次元官网网址

Certain industries in particular are experiencing a Black Friday renaissance online, said Giesler, highlighting that technology firms are known to offer B次元官网网址渓egendaryB次元官网网址 sales.

Shoppers looking to buy an Amazon Alexa, a Phillips Hue system, a Nest thermostat or other trendy technology, he said, scour the internet for Black Friday deals.

B次元官网网址淚 may not go for the big-box television flat screen at Best Buy,B次元官网网址 Giesler said. B次元官网网址淏ut I may go to Amazon, I may go to Nest or to Ecobee to buy myself a little bit of technology.B次元官网网址

Aleksandra Sagan, The Canadian Press





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