High Streets Initiative Praseeda Nair · 14 November 2017
Small retailers eye Black Friday success with one in four set to participate
Almost a quarter of the UK’s independent retailers are preparing’special Black Friday offers, according to new survey findings, as the growing value of the sales weekend sees the number of participating businesses rise significantly. In 2016, retailers generated record sales of 5.8bn in the four days between Black Friday to Cyber Monday a 15 per cent increase on the previous year. On Friday 24 November this year, even more small business owners are looking to get a cut of the takings. After polling independent retailers on behalf of Amazon, YouGov found that 23 per cent were looking at ways to leverage the popularity of Black Friday. In 2016, just 14 per cent participated in the sales weekend, demonstrating the growing awareness among smaller businesses of the potential of Black Friday. Read more: Ten top Black Friday marketing strategies for independent retailers Overall, over a third of small business owners said Black Friday was one of the most important trading days of the calendar year. Considering that 82 per cent of those participating expected to make more sales on Black Friday than a regular day, it’s little wonder more retailers than ever are keen to get involved. Amazon’s Marketplace platform, a designated area for small businesses to trade in, has put several independent brands centre stage to promote their offering to online customers. Gayle Hunter, founder of lifestyle and beauty brand Luxelu, spoke about her Black Friday success in 2016, which saw sales increase by 300 per cent. black Friday has grown for us year on year, and it’s helped us to grow our business by increasing sales and reaching new customers, she said. were expecting this year to be bigger and better than ever before, with more customers discovering our products, helping to build our brand in the UK and across Europe.
ABOUT THE EXPERTPraseeda Nair
Praseeda Nair is an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.