Customers and retailers benefited from #BlackFriday

While there aren't any "formal statistics" from last weeks BlackFriday sales across the country, consumers and retailers have benefited. Shoprite Checkers adopted the idea locally from the United States a few years ago and the trend looks like it's here to stay.

Evan Walker from 361 Asset Management told Charlotte Kilbane (standing in for Stephen Grootes) that there is no year-on-year growth stats available for BlackFriday, but it has helped with retailers cash flow.

Consumers have benefited from over-stock, like older model TV's that needed to be cleared so there is that added advantage.

Evan Walker, 361

For retailers it's more of a promotional drive and also helps with customer retention and increases online spending.

Evan Walker, 361

Walker said it was unclear if last week's sales will lead to higher festive season shopping days. Listen here:

Read More
Fake Shoprite promo leaves #BlackFriday revellers disappointed

Fake Shoprite promo leaves #BlackFriday revellers disappointed

A hoax flyer has been widely shared online but Shoprite South Africa confirmed that it's not participating in today's promotions.

[WATCH] #BlackFriday gridlocked traffic to malls, buyers scuffle over wares

[WATCH] #BlackFriday gridlocked traffic to malls, buyers scuffle over wares

South Africans have taken to the United States #BlackFriday tradition with a vengeance, as retailers offer big discount sales.

The psychology behind Black Friday Frenzy and FOMO (fear of missing out)

The psychology behind Black Friday Frenzy and FOMO (fear of missing out)

Psychologist Sarina de Beer talks to Kieno Kammies about what makes people go shopping for things they don't need on Black Friday.

What to look out for #BlackFriday online scams

What to look out for #BlackFriday online scams

Criminals will be on the prowl with more aggressive tactics to scam consumers looking to cash in on the mega discounts.

How to cash in on Black Friday fever (without shedding tears later)

How to cash in on Black Friday fever (without shedding tears later)

Amped for the shopping orgy ahead? Read this first; then ready… steady… SHOP!

Pitfalls for #BlackFriday shoppers

Pitfalls for #BlackFriday shoppers

Consumer journalist, Wendy Knowler, says consumers should be cautious of price manipulation from retailers.

Popular articles
It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

Best way to get richer (especially if you’re between ages 20 and 45)

Best way to get richer (especially if you’re between ages 20 and 45)

Still young(ish)? Consider the single best thing you can do to increase your wealth by much more than the inflation rate.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.