Sat Nov 30 02:44:22 UTC 2024: **Global Shopping Frenzy: Black Friday Sales Surge to Record Highs**
NEW YORK, NY – Black Friday, the day after Thanksgiving in the United States, has evolved from a single-day retail event into a global shopping phenomenon, generating record-breaking sales figures in 2024. This year, US sales are projected to reach $10.8 billion, a nearly 10% increase from 2023.
Originally conceived to help businesses turn a profit (hence, “Black Friday”), the event now sees retailers worldwide offering deep discounts to attract customers. The US continues to be a major player, with giants like Walmart, Target, and Amazon leading the charge with early Thanksgiving evening sales and doorbuster deals.
The trend has spread internationally, adapting to local customs. In Canada, Black Friday has expanded into a month-long event, with an estimated 60% of Canadians expected to participate in 2024. Mexico celebrates a similar event, “El Buen Fin,” a weekend of sales held before Mexican Revolution Day. This event saw sales reach approximately MXN 118 billion ($6 billion) in 2019, and similar participation is anticipated this year.
The rise of online shopping has further fueled Black Friday’s global reach, allowing consumers worldwide to access deals regardless of geographical location. While the specific dates and promotions vary, the core concept—significant discounts across various retail sectors—remains consistent, making Black Friday a highly anticipated shopping event worldwide.
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