Is Black Friday black gold for SA’s retailers?
Black Friday has become a major money-spinner for some SA companies — but there is a downside
21 November 2019 - 04:00
An excessive number of lonely hearts has given rise to the world’s largest shopping day — Singles Day, in China, which this year generated $38bn in 24 hours of online sales. An alternative to Valentine’s Day, Singles Day takes place on November 11 (the four digits 11/11 are said to resemble "bare branches", a Chinese term for a bachelor).
It was first held on a university campus in the early 1990s. But Jack Ma, owner of Chinese online retail giant Alibaba, turned it into an online shopping frenzy from 2009 — if you can’t have someone you might as well have something...
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