With Black Friday Online, the Meaning of a ‘Doorbuster’ Deal Has Changed
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Black Friday as an in-store retail extravaganza was already losing steamĀ in recent years as e-commerce surged, but COVID-19 might have changed it for good. Because of guidelines around social distancing and the Centers for Disease Control and Preventionās emphasis around minimizing nonessential outings, Black Friday has moved online, and itās taken its ādoorbusterā deals with it.Ā
This Friday, there will be no reason to line up at the crack of dawn the day after Thanksgiving to score the best deal from your favorite retailers. Those stores will either be closed and/or theyāll be offering those mega deals online. Black Friday retail giants such as Walmart, Target, Best Buy and Home Depot have traded in their epic one-day, in-store-only sales that can be largely accessed on their websites. The deals will last longer too, and Black Friday will essentially merge with Cyber Monday.Ā
āOver the years weāve come to see Black Friday and Cyber Monday start to merge into one long event,ā Sara Skirboll, shopping and trends expert at RetailMeNot told GOBankingRates earlier this month. āWe used to call this the five days of savings, but this year we see it extending even longer than that.ā Indeed, one could argue that Black Friday started in October, when Amazon held its Prime Day event, historically occurring in the summer.Ā
Retailers wonāt be shedding the spirit of doorbusters altogether; theyāll still be drumming up excitement around sales that feature limited inventory or will only be available for a few days. Consumers are encouraged to hop on sales prices on items they know they want, rather than waiting for discounts to deepen.
āIf you see a good deal, itās not something that you want to sit back and wait on,ā Julie Ramhold, consumer analyst at DealNews.com told CNBC. āBut the fact that they are lasting longer, if itās something thatās not in super high demand, you might be able to get it three days after the sales start and you donāt have that same pushy sense of panic of āIāve got to go get this right now.'ā
Could Black Friday return to ānormalā next year (or whenever the pandemic ends), replete with doorbusters and limited in-store deals? The answer isnāt certain, but itās looking like a no. A recent survey conducted by UNCTAD and Netcomm Suisse eCommerce Association, in collaboration with the Brazilian Network Information Center and Inveon, found that most respondents intend to keep shopping online even after the pandemic ends.
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