Trade Alliance: the impact of black Friday can be detected in the domestic e-commerce’s turnover
The impact of black Friday can be detected in the domestic e-commerce, but for the turnover of traditional stores it is still not has such a great effect in Hungary to quantify it – Vámos György, Secretary General of the National Trade Association (OKSZ) told MTI.
For nearly fifty years, Black Friday – the 24th of November this year – is traditionally the start of the Christmas shopping season in the United States, when merchants are offering special discounts.
In Hungary, the impact of black Friday is higher in Internet commerce – Vámos György said, noting that several companies had already started the action earlier. According to estimates, e-traders can earn revenues between 5 and 10 billion forints. (MTI)
Related news
Glovo Upgrades App To Offer Personalised Experiences
Glovo is revamping its app to offer more personalised experiences…
Read more >OKSZ commentary on May retail sales data has arrived
According to the latest retail data for May, the temporary…
Read more >Dr Tamás Kozák: “High inflation casts a long shadow”
Our magazine asked Dr Tamás Kozák, general secretary of the…
Read more >Related news
New survey: consumers don’t want toxic chemicals
A new survey across five countries has revealed serious concerns…
Read more >Fresh milk sales have turned into losses – GVH graph highlights
A new and previously overlooked issue has come to light…
Read more >Corner stores are slowly disappearing: 22,000 stores have disappeared in four years
By the end of 2024, more than 5,200 retail stores…
Read more >