CHRIS GILMOUR: Surprising retail sales trends could indicate extended credit use
Strongest single category was household furniture, appliances and equipment, the ultimate discretionary category, rising 6% year on year
25 January 2023 - 05:00
Retailers and analysts eagerly awaited Stats SA’s November retail sales figures (https://www.businesslive.co.za/bd/economy/2023-01-18-black-friday-deals-boost-november-retail-sales/) released last week, as they give insight into trends in the important month of November. The whole month is often referred to as “Black Friday”, such is the weight of this recent import from the US.
The three weeks leading to Christmas Day used to be the most important in retailers’ calendars, but in recent years the promotional activity that has accompanied the whole of November has often become almost as important...
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