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Searches for Black Friday down 52% since 2019
LONDON, UNITED KINGDOM, December 19, 2023 /EINPresswire.com/ -- LONDON, UK, 19 December 2023 – With the Black Friday sales period winding down, e-commerce businesses and those in retail up and down the country will be looking to meet the increased seasonal demand and determine the offers they intend to place over the period.
Here OrderFlow shares data which indicates many in the UK are growing tired of the sales period in 2023.
Searches for Black Friday down 52% since 2019
Data from statistica shows that Brits spent a total of £8.71 billion in 2022 on Black Friday and whilst this year will be a significant sales period, there are signs that the curve has started to flatten.
Data from Google Trends and Glimpse show that there are significant peaks for Black Friday searches on Black Friday (as expected) but the data suggests that after the peak of 2019, there has been a consistent dip in search volume over the previous 3 years with the projections for 2023 showing another drop.
What are the reasons for the drop?
Whilst current economic conditions specifically in the UK may mean people are more price sensitive and thus more open to deals on Black Friday, the increasing pressure to save money and reduce waste means second hand stores like vinted have seen a 31% increase in search volume vs 2021. Data from PwC suggests that only 20% of shoppers expect to shop on Black Friday, with only 17% expecting a deal on the day.
This all points to an increasing weariness around the sale period, however, the data does suggest that there will still be a big surge in demand and it still does account for a considerable amount of sales for many e-commerce stores.
How WMS software can help you manage the peak
The data from OrderFlow shows that searches for the term ‘WMS’ tend to peak after the sales period in the new year, with many coming out of the season looking for a change and improvement in the way they manage their stock during the quieter periods of the year.
ENDS
About OrderFlow
OrderFlow is a warehouse management software provider based in the UK that offers custom solutions to companies looking to better service their warehouses and stock management.
Website: https://orderflow-wms.co.uk/
Contact: [email protected]
David Foy
OrderFlow
email us here
+44 1225439960
