Understanding the importance of Black Friday
Black Friday hasn't been a one-day event for a long time. It stretches all the way to Cyber Monday and even throughout the entire month of November. A few key trends:
- Sales growth: global Black Friday sales are rising by 20% or more annually in many regions.
- E-commerce boom: a large share of purchases happen online, with mobile sales growing every year.
- Consumer behavior: shoppers are deal-focused, actively comparing offers, responding to time-limited deals (impulse purchases), and appreciating loyalty rewards or exclusive early deals.
