27-April-2024
Economy News
 
U.S. shoppers alone in boosting Black Friday spend as cost-of-living crisis hits Europe
26-Nov-2022

Black Friday may offer an opportunity to bag a bargain ahead of the festive period, but many shoppers will be expecting retailers to cut prices by a greater margin this year as they tighten their belts amid a worsening cost-of-living crisis. Shoppers in Europe plan to spend almost one-fifth less during this year’s annual discount period as inflationary pressures weigh on consumer sentiment, according to research from Boston Consulting Group this month.

News Source:- cnbc.com/2022/11/25/black-friday-us-to-boost-spend-europe-hold-back-amid-cost-of-living-crisis.html