News

Black Friday was a sucess for retailers

diamond world news service

According to a National Retail Federation (NRF) survey, the Black Friday weekend saw over 147 million shoppers making purchases, converting to a 4.8% increase over the Black Friday weekend in 2006.

The average spending however declined by a 3.5% this year to $347.44 each, as compared to last year.
With the intent to capitalise on this weekend, retailers opened their stores earlier than scheduled, some opened at midnight, and this accounted for 14.3% of the shoppers visiting the stores at 4:00 a.m., as compared to 12.4% last year. "While last year showed a greater emphasis on high-definition televisions, this year consumers were focused on lower priced doorbusters like digital photo frames, laptops and cashmere sweaters," mentiond NRF CEO Tracy Mullin.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Mother's Day 2024 - Jewellery Spending Holds Strong Amidst Evolving Gift Trends

De Beers is contemplating a decrease in LGD prices with its Lightbox jewellery brand

Malabar Gold & Diamonds Launches its 350th Global Showroom at Naperville, Illinois in the USA

Sotheby’s Paris Presents Jewellery Auction Featuring Spanish Socialite’s Collection

GIA India Holds Graduation Ceremony for Gemology Students in Mumbai