Black Friday Gives Retailers Reasons To Hope For A Good Holiday Season

By Michael Todd
16:32, December 2nd 2008
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Black Friday Gives Retailers Reasons To Hope For A Good Holiday Season

The biggest online sellers for this Friday were the electronic products. The day after Thanksgiving, known as Black Friday, is usually awaited by manufacturers and retailers all across the country with great enthusiasm as it brings out massive crowds looking and shopping for holiday gifts. Just a few days after comes Cyber Monday, the day when consumers get back to work and use the Internet to carry on with their shopping.

The figures recorded during these two days provide retailers with a glimpse of what the entire month will be like and help them prepare their offer and stocks.

"Results from Black Friday show that shoppers continue to turn to the Web for their holiday shopping needs, especially for consumer electronics," explained Jim Griffith, eBay Marketplace Expert, in a statement. eBay’s most searched-for product was Nintendo's Wii console and more than 3,170 of them were sold on the Web site.

The worldwide economic crisis is expected to lead to smaller overall figures for this month, in comparison to last year’s. Still, people appear to be extremely interested in all sorts of electronics such as Apple’s iPod, which was the top seller on Friday for Amazon, Cannon’s PowerShot camera and Nintendo’s Wii Fit. Another aspect pointing out that the crisis might not ruin the gift and shopping traditions is related to PayPal’s statement, which recorded 34 percent more transactions than in 2007 and also registered a 26 percent increase in online payment volume for Black Friday. PayPal is an extremely popular payment service owned by eBay.



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