Black Friday is generally considered the beginning of the Christmas shopping season. Starting from this day, people have successively carried out Christmas shopping. Black Friday is also one of the most important and busiest days of the year for businesses.
However, because Black Friday is catching up with the blockade in England this year, all non-essential shops are closed. In previous years, consumers lined up outside the shops to rush to buy goods, and even the scene of fighting has been rare. Many consumers can only turn to Go shopping online. According to consumer experts, this Black Friday is likely to become the largest Black Friday in British history.
According to a study by the Centre for Retail Research, in the next three days starting from today, Britons’ online consumption will reach 5.75 billion pounds, an increase of 53% from last year’s 3.77 billion pounds during the Black Friday weekend.
Although many Internet retailers, including Amazon and eBay, have already started Black Friday promotions a few weeks ago. But from today to Cyber Monday following Monday, online shopping traffic is expected to increase substantially.
Murray Lambell, general manager of eBay UK, said: “This year, the UK will usher in the biggest Black Friday in history. We predict that many people will buy fitness equipment, toys and various entertainment products.”
The executive director of John Lewis also said: “There is no doubt that this will be a unique Black Friday. During this period, we have launched hundreds of special offers while also continuously monitoring the prices of competitors.” As England is currently in Nationwide lockdown, 39 of John Lewis’ 42 stores are closed.
Although England ended the nationwide blockade on December 2, all non-essential shops can reopen regardless of the local lockdown level. But the CEO of Fortnum & Mason made a pessimistic prediction: By the end of the first quarter of next year, one-third of British brands will disappear. According to the Daily Mail, Fortnum & Mason’s sales have fallen by 80% this year.
According to Sky News’s latest news, the Arcadia Group owned by Sir Philip Green, the owner of Topshop, may go bankrupt within a few days, and 15,000 people will face unemployment.
In addition to Topshop, Arcadia Group also owns brands such as Burton, Dorothy Perkins, and Miss Selfridge.
Sky News learned that the group is preparing to appoint Deloitte’s bankruptcy administrator early next week.
A person in the retail industry said that after negotiations with several banks on emergency loans of 30 million pounds failed, Arcadia’s bankruptcy is inevitable.