When Ziwei Cong bought some sweatpants that caught her eye during a livestream shopping event on social media, she was disappointed when they arrived and didn’t fit well. “It’s very easy for me to become irrational during these kinds of shopping events,” says the assistant professor of marketing at Georgetown University’s McDonough School of Business….
How to Save Yourself From a Foolish Purchase
I wish I had a quarter for every stupid purchase I’ve made in my life. I’d have some major dough. Regrettably, my financial faux pas have been remarkable in both quantity and quality. I’ve made some real doozies. Take the above-ground swimming pool. Its a la carte price was bad enough. Adding everything required but…
Hong Kong Probes Cause of Blaze in Shopping District
HONG KONG—Hong Kong authorities on Friday were investigating the cause of a huge blaze that broke out overnight at a construction site in a popular shopping district and forced 170 people in nearby buildings to evacuate. No deaths or injuries have been reported after the fire erupted at the Mariners’ Club redevelopment project in the…
UAE to Ban Single-Use Plastic Shopping Bags Starting in 2024
DUBAI, United Arab Emirates—The United Arab Emirates on Tuesday announced a ban on single-use plastic shopping bags to take effect next year, the latest initiative aimed at reducing pollution in the oil-rich nation. The law would prohibit the import, production and circulation of such bags from Jan. 1, 2024, according to an announcement carried by…
Aussies Spend Record Amount at Christmas
Australians have spent a record $75 billion (US$50.8 billion) in the lead-up to Christmas but the spending frenzy didn’t stop there. The Australian Retailers Association also recorded unprecedented growth on Boxing Day with the $1.2 billion (US$0.81 billion) spend equating to 15 percent more than last year. CEO Paul Zahra said 2022 was the biggest festive…
Black Friday Weekend Saw Subdued Mall Traffic: Report
December 4, 2022
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Fewer Americans headed to shopping malls during the Black Friday weekend compared to last year, new data suggests, as rampant inflation and economic uncertainty took a toll on retailers during the shopping holiday. Indoor malls, open-air lifestyle centers, and outlet malls all saw declines in foot traffic during the weekend of Nov. 25 to 27…
Amazon Records Biggest Ever Thanksgiving Shopping Weekend
December 1, 2022
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Amazon.com Inc. said on Wednesday it recorded its biggest-ever Thanksgiving weekend this year as shoppers, undeterred by inflation, scooped up everything from New Balance sneakers to Nintendo Switch gaming consoles. Fire TV Sticks, AirPods, and Champion clothing were among the top-selling items, Amazon said. Amazon did not provide a total sales figure for the weekend,…
US Black Friday Online Sales Hit Record $9 Billion Despite High Inflation: Adobe Analytics
U.S. shoppers spent a record $9.12 billion online this Black Friday, a report showed on Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys. Online spending rose 2.3 percent on Black Friday, Adobe Inc.’s data and insights arm Adobe Analytics said, thanks to consumers holding…
Black Friday and Cyber Monday: Make the Most of These Upcoming Marketing Schemes
I don’t know about you, but personally, I have a love-hate relationship with Black Friday and Cyber Monday. I mean, don’t get me wrong—it seems pretty great at first: belly full of stuffing, new fall trends on sale, Christmas shopping done early, decompressing after too much time with that one relative … But what’s wrong…
Fewer Holiday Shoppers Expected This Year: Report
More than 166 million shoppers are expected to hit the stores Thanksgiving weekend, the National Retail Federation reported on Nov. 17. This would mean retailers could see fewer customers than last year. However, the actual number of holiday shoppers has exceeded similar forecasts in the past. Last year, nearly 180 million shoppers made in-store and…
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