Black Friday
PayFast Records Single R299 950 Purchase on Black Friday
The number of new shoppers introduced to eCommerce over lockdown boosted Black Friday weekend total online transaction volumes by 50%, compared to 2019. This is according to data released by online payment gateway PayFast. The company processed a 283% increase in total payment volumes on Black Friday alone compared to a normal busy day such as payday. “This year’s Black Friday spend surpassed the volumes we’ve seen in previous years. The rapid adoption of eCommerce over the course of 2020 has meant that we’ve seen more people shopping online, especially amid fears of a COVID-19 resurgence,” says Jonathan Smit, Founder of PayFast. The highest transaction for the day was R299 950 and online shoppers spent more per basket at R1 243, compared to the 2020 average basket value of R803. “Alongsid...
Here are 20 of the Best 2020 Black Friday Deals Offered by DJs
Those who crushed an entire turkey dinner last night can attest that the next-day Thanksgiving hangover is very real. As we veg out on our couches with Harry Potter marathons playing on screens and tryptophan flowing through our veins, it’s difficult not to whip out the phone and do a little online shopping for Black Friday deals. There’s no shortage of Black Friday deals in the EDM world this year. As the COVID-19 pandemic rages on, there’s no better time to learn a new skill, so those who want to take up DJing or music production should take advantage of the deals from the gear and tech side of the industry. Monster discounts are available on equipment from leading DJ manufacturer Pioneer DJ, products from renowned audio design company AIAIAI, and plugins...
Holiday shopping moves online amid surging coronavirus, retailers face shaky prospects
File Photo Long lines and crowds at shopping centers have been as much a Thanksgiving tradition as the turkey dinner, but this year, things could look different. As COVID-19 numbers continue to surge, rushing to brick-and-mortar retail stores might seem not so appealing to many, and the holiday shopping season is moving online. “More and more shopping was already moving online, but COVID-19 concerns are definitely accelerating the shift to online buying,” David Reibstein, a marketing professor from Wharton School at the University of Pennsylvania, told Xinhua. The trend is evident as shown by recent data. Walmart, the nation’s largest retailer, reported that its third-quarter e-commerce sales surged 79 percent from a year ago. Amazon, the largest e-commerce retailer, reported a 37 percent ...
Tackling Trends and Challenges for Black Friday in 2020
With the Black Friday shopping frenzy around the corner, the digital economy this year is expected to receive an enormous boost as many people will want to avoid crowds and take their shopping online. After a difficult year marked by severe disruptions and decreased demand, businesses will also be relying on this period to make up for losses due to the pandemic. As Black Friday is set to be so different, what can businesses expect to see? The opportunity for increased sales has led to many businesses treating November as ‘Black Friday Month’, giving customers a lot more time to find exactly what they want at the best price. Physical stores may see a lot less foot traffic as customers who opt for the safety and convenience of online retail platforms instead. Adobe predicts that online Blac...
FNB Expects 10% eCommerce Transaction Boost on Black Friday
FNB says that it is expecting a 10% increase in the total number of eCommerce transactions over Black Friday and Cyber Monday – as many consumers who participate in Black Friday may opt to shop online instead of going into brick and mortar stores. This is comparable to 2019 where Black Friday weekend transaction volumes on FNB POS (Point of Sale) devices grew by 32% compared to 2018, while eCommerce transactions grew over 30%. FNB also says that its merchants have also upped their game by investing in their platforms to ensure a seamless sales experience, regardless of the types of devices used by consumers when shopping. One such example is increased support for QR Code payments, where the customer opts to checkout through simply scanning the presented QR Code to pay. FNB Virtual Cr...
9 Ways to Avoid being Scammed Online this Black Friday
Black Friday 2020 could be bigger online than in-store this year, thanks to concerns about the risk of COVID-19 in crowded shops, and an increase in the number of people now comfortable with shopping online. But for first-time online shoppers and those who might forget caution in their quest for a bargain, online shopping could be more lucrative for criminals than it is for consumers this Black Friday. Cybercriminals and old-fashioned fraudsters can take advantage of unwary shoppers in several ways: by getting access to their bank card details to steal money; by using personal information to commit fraud and theft; or simply by accepting payment for goods they don’t deliver. To avoid disappointment, theft and fraud, here are nine tips for safer online shopping this Black Friday: Make sure ...
Will Black Friday Contribute Towards Economic Stimulation in South Africa?
Despite 2020 being a very tough year for almost everyone, there’s nothing to be gained from not recognising Black Friday and the festive season at large. This is according to Matthew Leighton, spokesperson for OneDayOnly, who says that now more than ever, the economy requires stimulation and regrowth – and Black Friday is the biggest opportunity the eCommerce industry has to contribute towards that economic stimulation. Is this the year more people turn to online shopping? “We’ve seen consistent growth in Black Friday numbers and we expect this to continue,” says Leighton. Between 2018 and 2019, the home-grown daily deals site saw the number of Black Friday shoppers double, dwarfing the numbers seen on a regular day. “Internationally, well-established eCommerce markets are still experienci...
Walmart Has A Heart, Will Close Its Stores on Thanksgiving This Year
Capitalism is going on holiday — at least for one day. Walmart has announced that it will close all of its stores on Thanksgiving this year. This marks the first time the mega-chain has done so since the late ’80s. Like many big-box stores, Walmart has been known to cash in on the shopping extravaganza that is Black Friday by opening its doors the day before on Thanksgiving. These “doorbuster” events typically draw massive crowds and, depending on what new electronic gadget is on sale, sometimes even turn violent. So has Walmart suddenly grown a heart big enough to trump the almighty dollar? Well, sort of. The company’s decision to close all 4,500+ of its stores on Thanksgiving is tied to the coronavirus pandemic. Walmart execs want to gift their employees with a day off, especially those ...
