"'The sad truth is that many of Britain's favourite smaller retailers are very unlikely to see their final profits rise by even 3% and, in fact, their prospects for Black Friday are increasingly dark. Such is the competition and the scale of the discounts offered by major retailers that smaller regional and specialist sellers are finding their profit margins stretched to the limit in order to remain competitive."
"It predicts that UK sales will reach £12bn over the entire Black Friday-Cyber Monday week. However, despite this jump in turnover, this year it could be a blacker Friday than usual for many of our favourite independent retailers, cautions the parcel price comparison expert. Parcelhero is warning that the pressure to discount prices is leaving some sellers with wafer-thin margins that could be wiped out entirely by the increasing expectation of free returns."
UK Black Friday sales are forecast to rise 3% to £1.15bn on 28 November, with £12bn expected across the Black Friday–Cyber Monday week. 2024 online sales for the Black Friday week were £11.7bn (up 5.1% YOY) and £1.12bn on the day itself (up 7.2% YOY); 2025 anticipates a smaller 3% increase. Major retailers have offered sustained discounts, intensifying competition and driving price cuts. Discount pressure and rising expectations of free returns are creating wafer-thin margins that risk being erased by returns costs. Smaller regional and specialist retailers that rely on pre-Christmas profits face acute threat as price-slashing becomes a race.
Read at London Business News | Londonlovesbusiness.com
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