Finance

After Thanksgiving, its Black Friday & Cyber Monday shopping which this year should see $158 Billion in spending

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By Dana Malcolm

Staff Writer

 

November 25, 2022 – Every year, after a day Thanksgiving holiday,  shops in the US both on line and on the corner slash their prices and residents flock to sites and malls to snatch up all the savings.  This year is no different and though the tradition originated in America, it has spread across the hemisphere with Caribbean businesses picking up the trend as well.

In addition to savings from local store owners, with the advent of online shopping, US marketed Black Friday  deals aren’t just limited to their home countries.  Residents across the Caribbean will be able to shore up on everyday goods, electronics, and Christmas presents offered from major retailers including Amazon, Best Buy, Target and many others.

Some deals presented themselves earlier that Thursday and will last until 12 pm Friday.  But if you miss the sales don’t worry Cyber Monday, the biggest shopping day of the year is coming up just two days after.

Started back in 2005, it was founded by the National Retail Federation for online-only sales and deals to combat the long lines and crowds of Black Friday and dethroned the traditional Friday as the largest shopping event. If you want the in store experience, Friday is your chance but for those who shop online the two are hardly distinguishable.

Experts at business insider say tech deals are better on Cyber Monday but only slightly so if you’re worried about something selling out, it might be best to pick it up on Friday.

It is also worth noting that over the years, even the Saturday in between has taken shape to promote smaller stores.  This shopping day is dubbed: Small Business Saturday and it ensure that the mom and pop or boutique-styled stores are not forgotten in the spending frenzy.

It is estimated that Americans will do 50 per cent of their shopping this holiday weekend; spending some $158 Billion.

Happy shopping!

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