Category: Shopping News

‘Bleak Friday’ for Stores as Pandemic Pushes Holiday Shopping Online

The 2020 edition of Black Friday did not offer the usual scenes of bustling stores and shoppers lined up outside discount chains and electronics retailers. Instead, most people bought online, if they bought at all.

Crowds at malls and city shopping districts were relatively sparse over the holiday weekend in the face of rising coronavirus cases and warnings from the Centers for Disease Control and Prevention to avoid large groups. Major chains closed on Thanksgiving, after years of being open that day. And many Americans did their shopping before the weekend even began, drawn by sales that began in October.

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Big shift in supermarket shopping trends among UAE residents in 2020, says Network International

Online fashion shopping
Image Credit: Shutterstock

Dubai: In 2020, UAE residents spent more when they did their supermarket shopping online as compared to when they made their purchases at an outlet, according to Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA).

The payments company reports that the overall average transaction value (ATV) of an ecommerce basket among UAE residents in 2020 was 40 per cent greater than that of point of sale (POS) transactions at supermarkets. The increase can be attributed to a shift in consumer behaviour following COVID-19 lockdown restrictions with safety

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Covid changed shopping forever. What it means for your favorite stores

Academy Sports & Outdoors store in Orlando, Florida.

Google Earth

Academy Sports & Outdoors‘ more than 250 stores shuttered for weeks in the early days of the Covid pandemic. But as lockdown orders eased and these stores reopened, many customers still didn’t feel comfortable coming inside to buy camping gear or a new basketball, according to CEO Ken Hicks.

Items like bikes and treadmills, which Academy sells, have been in high demand, as Americans look to entertain themselves outside or keep fit without a gym. But Academy needed to find a better way to get its products into customers’

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Shopping Addiction Fueled By Online Shopping

As the holiday season ends and a new year begins, many have stopped spending tons of money shopping for presents and are letting their wallets rest. Unfortunately, many others will struggle with compulsive shopping, commonly referred to as “buying-shopping disorder” (BSD). BSD is not officially recognized as a stand-alone diagnosis, but it has attracted the attention of many behavioral and addiction specialists. The issue was first described by a German psychiatrist as “buying mania” around 100 years ago and is now estimated to affect around 5% of the population worldwide.

Is Shopping Addiction Real?

Having a shopping spree every now

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Alibaba and JD rack up record $115 billion of sales

Alibaba said its total gross merchandise value (GMV) over the Singles Day event, which spanned 11-days, totalled 498.2 billion yuan or $74.1 billion. That beat last year’s 268.4 billion yuan figure.

Alibaba

But it was also overshadowed by huge stock price falls for both Alibaba and JD.com which came after Chinese regulators released draft rules that, for the first time, defines what constitutes anti-competitive behavior. Investors fear that China’s technology giants could get caught up in a tough regulations which could damage their business.

Alibaba’s Hong Kong-listed stock was around 3% higher on Thursday while JD.com’s Hong Kong-listed shares were

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