30 DAYS OF BLACK FRIDAY
30 DAYS OF BLACK FRIDAY . Retailers launch early Black Friday deals amid projections for record spending
The Jamaica Observer
Black Friday, traditionally a one-day shopping extravaganza, has evolved into a month-long shopping season in Jamaica, with retailers launching early sales to attract customers ahead of the Christmas rush. This year, furniture and home improvement stores are leading the charge, leveraging early promotions to boost sales and prepare for the busy festive period.

Courts Jamaica Limited, trading under the Unicomer Group, was among the first to roll out Black Friday promotions, starting on November 1. The company’s campaign, which spans the entire month, features up to 50 per cent discount daily on select items, with larger discounts reserved for weekends. Christean Smart, marketing agent for Courts, told the Jamaica Observer that the extended sale is designed to give customers more time to take advantage of deals and ensure they can shop before exhausting their budgets.

“We didn’t want to wait until the 29th when customers’ money might be finished. Starting early ensures shoppers get what they need,” said Smart. The promotions are strategically focused, with different product categories highlighted each week, ranging from sofas to refrigerators and televisions. Courts is optimistic about surpassing sales records this year, buoyed by the disappearance of uncertainties around COVID-19 that had previously dampened consumer confidence.

Active Home Centre joined the early Black Friday wave with its own promotion, running from November 19 to 30. A representative from the company said that the decision to start early was a calculated move to attract more customers ahead of the Christmas rush. “It’s a way to get more customers supporting the store leading into the busy Christmas period when people usually look to redecorate their homes. It also allows us to clear some inventory to make room for new stock for Christmas and the new year. So it’s a mixture of both,” he told the Business Observer.

Similarly, Home & Things has rolled out its seasonal sale, offering discounts on tiles, bathroom fixtures, lighting, and other home improvement items. The campaign promises “incredible prices and unbeatable deals all season long”, enticing homeowners to begin their festive upgrades early. Garot Trading is targeting renovators with discounts of up to 16 per cent on granite, quartz, and marble slabs, encouraging customers to “spruce up your kitchen, bars, bathrooms, staircases, and walls”.

BH Paints is also tapping into the holiday spirit with discounts of up to 20 per cent on its top-quality paint lines, offering customers the chance to “decorate like a designer” with curated colour combinations designed to elevate their homes in time for Christmas.

The early launch of Black Friday sales comes as retailers anticipate another strong season of consumer spending. Historical data from JETS Limited, operators of Jamaica’s national debit card network under the Multilink brand, provides a glimpse into the potential for record-breaking transactions. In 2023, Black Friday spending reached $2.6 billion, with more than 229,000 withdrawals and point-of-sale transactions recorded on the day — a record high at the time.

While these numbers serve as a benchmark, retailers are confident they will surpass those figures this year. Smart noted that Courts’s October sale exceeded targets, and that the company expects strong sales to continue through the Black Friday period and into Christmas. “We noticed that customers are spending again, perhaps feeling more confident after the challenges of the past few years,” she said.

The extended Black Friday approach mirrors international trends, particularly in the United States, where early and prolonged sales have become the norm. Retailers in Jamaica are adopting these strategies not only to attract early shoppers but also to manage inventory levels effectively. By clearing older stock now, they are better positioned to introduce fresh products for the Christmas season and beyond.

Despite the early push, retailers remain mindful of the peak spending period closer to Christmas. Past trends have shown that the highest transaction volumes often occur in the days leading up to December 25. Data from JETS indicated that the best shopping day in 2023 was December 23, with transactions totalling $2.562 billion. Retailers are positioning themselves to capitalise on both the early and late surges in consumer activity.

As the holiday season unfolds, retailers say shoppers can expect intensified competition, including deeper discounts and more enticing deals on Black Friday, November 29, leading into Christmas.The combination of early sales and projected record spending suggests a robust retail season, benefiting both consumers eager for deals and retailers aiming to boost year-end revenues.
Jamaica
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2024-11-20
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Retailers launch early Black Friday deals amid projections for record spending
30 DAYS OF BLACK FRIDAY