Black Friday has been a long-held American holiday tradition and a big deal in the retail world. After thanksgiving, retailers have massive sales and markdowns, drawing customers out for “doorbuster deals." It’s a great way to kick off the holiday shopping season and get rid of end of year inventory.
Some frown upon black Friday because of the chaos it can cause, including fighting among customers over discounted goods. Still, Black Friday is a big deal when it comes to sales. According to adobe analytics, Black Friday 2019 raked in $11.9 billion dollars for retail companies, a 20% increase over 2018. But this year, covid-19 has completely changed Black Friday, from safety precautions to how we spend our money
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Download issues of Forbes Africa
- Single Digital Issue: African of The Year - Forbes Africa December 2020 (special issue) R50.00
- Single Digital Issue: Nigeria 60 - Forbes Africa Oct/Nov 2020 R50.00
- Single Digital Issue: James Mwangi Cover - Forbes Africa Aug/Sep2020 R50.00
- Single Digital Issue: Forbes Africa June/July 2020 R50.00
- Single Digital Issue: Forbes Africa April 2020 - 30 Under 30 R50.00