Black Friday fails to boost retailers in November
Retail sales fell 4% year on year in November, far worse than the 2.6% decline expected by economists
21 January 2021 - 11:52
SA retail sales fell at a faster-than-expected pace in November, underscoring the pressure Covid-19 is putting on consumers, and confirming that Black Friday failed to lure shoppers to stores in significant numbers.
A number of retailers had already reported that Black Friday sales were disappointing, with economists warning on Thursday that subdued confidence and the recent surge in infections pointed to a difficult start to the year for the sector...
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