The once-iconic shopping tradition of Black Friday has transformed into a months-long sales bonanza, with the term "doorbusters" used throughout the year and sales starting as early as October. The frenzy and hype surrounding the annual event seem to grow bigger each year, but is Black Friday still as relevant as it used to be? As shoppers hunt for deals and retailers try to keep up with the changing landscape, one thing is clear: Black Friday is no longer just a one-day event.
The Evolution of Black Friday: From Doorbusters to a Months-Long Bonanza
Black Friday, once an iconic post-Thanksgiving tradition, has undergone a significant transformation in recent years. Traditionally known for its frenzied early morning sales, the event has evolved into a months-long bonanza, with discounts and promotions starting as early as October.
Background:
The origins of Black Friday can be traced back to the late 19th century, when retailers offered discounts to encourage post-holiday shoppers. The term "Black Friday" was first used in the late 1960s and became widely popularized in the 1980s. Over time, the event gained notoriety for its chaotic crowds and lucrative doorbuster deals that often led to injuries and even stampedes.
Modern Transformation:
The advent of online shopping and the rise of e-commerce have significantly altered the face of Black Friday. Retailers began offering online sales in the mid-2000s, and by 2010, Cyber Monday had emerged as a major rival to Black Friday. In recent years, retailers have extended their Black Friday sales over several weeks, starting as early as October and lasting through Cyber Monday.
Is Black Friday Still Relevant?
Despite its evolution, Black Friday remains a major shopping event. However, its relevance has been questioned as shoppers increasingly spread out their holiday spending over a longer period. Some experts argue that the extended sales period has led to a "Black Friday fatigue," with consumers growing less enthusiastic about the event.
Top 5 FAQs:
1. When is Black Friday 2023? A: Black Friday 2023 will be on November 24th.
2. What are some of the best Black Friday deals? A: Black Friday sales typically feature discounts on a wide range of products, including electronics, appliances, clothing, toys, and gift cards.
3. Is Black Friday the best time to buy electronics? A: Black Friday is generally a good time to buy electronics, but it is not necessarily the best time. Many retailers offer similar or better deals throughout the holiday season.
4. What are the pros and cons of shopping on Black Friday? A: Pros: Potential for deep discounts, large selection of products. Cons: Crowds, long lines, limited availability of popular items.
5. How can I prepare for Black Friday sales? A: Create a budget, research products in advance, compare prices from different retailers, shop early or online to avoid crowds, and be prepared for possible delays in shipping or delivery.
Tesla, a leading electric vehicle (EV) company, has finally announced its foray into the Indian market with its first showroom opening in Mumbai this month. The company faced several delays due to import taxes and regulatory hurdles, but is now set to launch its first Experience Centre at the Bandra Kurla Complex. Tesla plans to offer six models in India with varying prices, starting from $40,000 and going up to $46,000. The company also plans to expand to Delhi and Bengaluru in the coming months, amidst new government rules aimed at boosting the production of electric cars in the country.
The highly anticipated Amazon Prime Day Sale is now live, offering some of the best deals on smartphones, electronics, and more. Popular brands like Samsung, OnePlus and Apple are offering attractive discounts on select models. Don't miss out on the opportunity to grab the Samsung Galaxy S24 Ultra, Apple iPhone 16e, OnePlus 13, and iPhone 15 at discounted prices.
New research has shown the use of artificial intelligence can create a highly productive and respectful performance review conversation between managers and employees. In contrast to the traditional approach, Samvāda 2.0 encourages managers to use communicative GenAI tools, like ChatGPT or Copilot, to get prepared for a critical PRM session. This new and improved method ensures a mutual understanding, collaboration, and trust between the manager and employee, leading to more effective performance reviews.
The much-anticipated Amazon Prime Day Sale has officially begun, offering early deals until July 14. As an exclusive event for Prime members, this sale boasts discounts on popular electronics, including smartphones, smart TVs, air conditioners, and laptops from top brands like OnePlus, Samsung, iQOO, and more. With savings reaching up to 80%, it's a must-visit for tech enthusiasts and online shoppers alike.
In a major move for the Ambani family's succession plan, Anant Ambani has been promoted to Executive Director at Reliance Industries Ltd with a salary between ₹10 crore and ₹20 crore per year, plus a profit-linked commission and executive perks. Anant, who has been with the Reliance Group since 2015, will be in charge of the energy business and capital projects, including the company's foray into new energy sources.
Amazon Business has released a statement declaring their exciting deals for Prime Day 2025, which will take place from 12th to 14th July. This year's celebration will be the longest one yet- lasting for 72 hours! Customers can expect jaw-dropping discounts on a variety of products, so mark your calendars and get ready for some major shopping.
Zivame's latest campaign encourages women to break out of their comfort zones and embrace their inner desires with confidence, by providing them with intimate wear that is tailored to their body type and personal style. The campaign features women from different backgrounds and ages, showcasing how the right intimate wear can boost their body confidence and allow them to pursue their dreams without hesitation. With the tagline "Dekho Maine Kya Kiya," the campaign celebrates the freedom and joy that comes with embracing one's desires and showcasing them to the world.
Petroleum and Natural Gas Minister Hardeep Puri has silenced critics who questioned India's continued crude oil imports from Russia during their ongoing war with Ukraine. Puri explained that halting oil trade with Russia would have led to a 10% reduction in global oil supply, causing chaos and driving prices to over USD 120-130 per barrel. He also added that India, under the leadership of PM Modi, has been a positive contributor to global energy price stability while navigating the trilemma of energy availability, affordability, and sustainability.
Contact Energy, a New Zealand utility company, has successfully acquired Manawa Energy in a deal valued at over $200 million. This acquisition will result in Infratil, a major shareholder of Manawa, now owning a 9.5% stake in Contact Energy. The completion of the deal also brings changes to Manawa's board of directors, with four new directors from Contact joining and Manawa's previous chair, Deion Campbell, now sitting on Contact's board. The acquisition was first announced in September 2024 and has received necessary approvals before being finalized in June 2025.
Indian equity markets started off on a weak note on July 11 as Tata Consultancy Services (TCS) reported disappointing Q1 results. This resulted in a sharp decline in TCS shares, dragging down the broader IT sector. As a result, the BSE Sensex fell by 331 points and the Nifty50 also slipped by 68 points. In the broader market, the Nifty MidCap and SmallCap indices also witnessed losses. However, the Nifty Pharma and PSU Bank indices offered some support with gains. Meanwhile, global markets were mixed following US President Donald Trump's announcement of tariffs on Canadian goods and his plans for further tariffs. Despite this, US markets closed at record highs.