Fast Company: Black Friday is Dying

Posted by GPShopper Press Coverage on Nov 16, 2017 9:00:00 AM

Article in Fast Companyfast-company-logo.png

For years, Black Friday signaled the beginning of Christmas shopping. The day after Thanksgiving was a frantic day of driving to the store at the crack of dawn to fight off other shoppers for great deals. For people who truly hated the ritual, I have some good news for you: Black Friday is going away.

That’s according to data from GPShopper, which tracks consumer behavior. It turns out, customers are really not into Black Friday. A full 81% of us feel stress around the holiday season, and 45% of us believe Black Friday to be the most stressful time of the year.

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And with online shopping, consumers are increasingly realizing they don’t need to do all their shopping on one day. The majority would prefer to shop in the second week of December. Weirdly, a full 12% of consumers would prefer to shop after Christmas, to capitalize on the post-holiday sales, even though their recipients would get their presents a little late.

This change in consumer behavior is prompting brands to follow suit, according to Maya Mikhailov, GPShopper’s co-founder and CMO. “Brands are stretching out their holiday shopping to respond to when consumers actually want to shop,” she says. “This means that instead of having holiday shopping compressed into one day or one weekend, it is being stretched out throughout the holidays.”

Read the article in Fast Company

Topics: Press, Market Research, In-Store Mobile, Benchmarks & Statistics, Omnichannel Retail, Holiday Season, Apparel Retail, Beauty Retail, Lifestyle Retail

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