Online shoppers will find sales earlier and longer
Black Friday and Cyber Monday, that four-day bargain binge that shoppers around the world wait for every year, is fast approaching, but this Nov. 27 is going to be a very different shopping experience.
No more door busters, mobbed aisles and frenzied shoppers. The Centers for Disease Control and Prevention in the United States has classified “shopping at crowded stores just before, on or after Thanksgiving” on a list of higher-risk activities to avoid, reports USA Today.
Walmart has already announced it will close on Thanksgiving Day, a first since the late 1980s. Target, Best Buy and other big brands are doing the same.
Nor will Canadians be flocking over the border to swarm the stores down south.
The pandemic, however, has not dulled shopper’s interest in Black Friday and Cyber Monday, a new survey by Shopify reveals. Two thirds (67%) of U.S. consumers surveyed say they plan to shop during the four-day marathon this year. In Canada it’s 50%, France, 67%, and Germany 61%, which is comparable to or even higher than last year.
They also plan to spend more. Americans see themselves laying out US$686, Canadians, $481. In Britain, shoppers expect to spend £376, France, €466 and Germany €389.
But most of that shopping will not be in actual stores. The survey found more than half of Canadian shoppers (52%) plan to shop online only during the Black Friday, Cyber Monday weekend. In the U.S. it’s 49%, the U.K. 62%, Germany (53%), Australia (53%).
Another hefty share, 48% in the U.S., plan to shop online and in stores, but only 3% plan to shop in stores only.
And for bargain hunters, here’s the best part. Because of limits to how many people can be in a store and concerns about the timing of deliveries, sales are starting earlier this year and lasting longer.
“The concentrated four-day period traditionally marked by deep discounts and promotions has now evolved into a broader holiday shopping season,” said Shopify.
More than half of Shopify’s merchants surveyed said they believed consumers would start their holiday shopping before Black Friday this year, and they started preparing in September. About 20% of shoppers in Canada and the United States said they have started looking for Black Friday deals online and many big brands have already announced best-price sales to be staggered through November.
Shopify said the extended Black Friday, Cyber Monday season gives retailers more time to prepare for the hike in online orders and fluctuating inventory.
Curbside pickup and local delivery have substantially increased during the pandemic as more retailers moved online and it is having a “significant business impact.”
On average shoppers who chose these options spent 23% more.
Was this newsletter forwarded to you? Sign up here to get it delivered to your inbox.
DON’T QUIT YOUR DAY JOB — YET Toronto millennial Nelson has a dream — a career in comedy. Before the pandemic put a stop to it, he was performing at amateur nights in Toronto clubs, while keeping his day job in communications. Nelson wants to move to Los Angeles to take things up a notch, but there’s a punch line to that plan. Find out what this twenty-something has to give up to chase his dream in this week’s Spent by Victor Ferreira.Brice Hall/National Post Illustration
- Deputy Prime Minister Chrystia Freeland will deliver a virtual keynote speech on Canada’s plan for a strong economic recovery from COVID-19 to the Chamber of Commerce of Metropolitan Montreal.
- Conservative Leader Erin O’Toole will deliver remarks at a Canadian Club Toronto event, followed by a fireside chat
- Lisa MacLeod, minister of heritage, sport, tourism and culture industries, will deliver a speech on sectoral resiliency and renewal to the Empire Club of Canada
- Today’s data: Canadian GDP (August), U.S. personal income and spending
- Earnings: Imperial Oil, Fortis, SNC-Lavalin, Shaw Communications, Exxon Mobil, Chevron, Under Armour
International tourist arrivals throughout the world are down 70% in the first eight months of 2020, the World Tourism Organization revealed this week. That decline represents 700 million fewer international tourists compared with the same period in 2019, and a loss of US$ 730 billion in export revenues from international tourism, more than 8 times the loss in 2009 under the impact of the global economic crisis. Most UNWTO experts expect a rebound in international tourism by the third quarter of 2021 but it is not expected to return to pre-pandemic 2019 levels before 2023.
The Bank of Canada is keeping its foot to the floor to drive economic growth, as the resurgence of COVID-19 this fall threatens to slow the pace of recovery.
The central bank announced Oct. 28 that it will maintain its 0.25% target for the overnight rate, which means consumers can expect interest rates on mortgages and other loans to remain ultra-low for the foreseeable future.
It’s a tough road ahead, but in the meantime both homeowners and homebuyers can take great advantage of the bank’s plan to fight through the fallout. Our content partner MoneyWise has some helpful advice.
Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at email@example.com, or hit reply to send us a note.
Westland Insurance marks 40th anniversary with charity campaign – Insurance Business Canada
In celebration of its 40 years of business, Westland Insurance Group will be handing out grants to various charities across Canada – specifically local charities in the communities the broker operates in.
The broker’s “40 Weeks of Giving” campaign will see Westland support a cause every week for the next 40 weeks. The campaign began last week, and two charities have already received donations from Westland – the first recipient being the Burns Bog Conservation Society, which works to protect Canada’s fragile ecosystems; and the second recipient being the Canadian Mental Health Association, which works to reduce the impact of mental illness and addiction.
Westland Insurance, founded in 1980, has over 150 locations across five provinces – BC, Alberta, Saskatchewan, Manitoba, and Ontario.
Recently, it acquired Calgary-based Diamond Insurance Agencies. The acquired brokerage focuses on residential, auto, life, travel, recreation, farm, and commercial insurance services.
The Hennessey Venom 800 wants to give Ford's F-150 an edge over Ram's TRX – Driving
Ram’s new TRX is a factory-built monster truck, with a 703-horsepower Hellcat V8 that tops the charts in terms of truck performance. Neither GM or Ford can rival that performance in a stock truck — but what they lack in factory support, they gain in aftermarket enthusiasm.
Yes, that’s where Hennessey comes in, with its new Venom 800 supertruck. Based on the latest generation F-150, the Venom 800 features a 5.0-litre V8 fitted with a 3.0-litre supercharger bigger than the engines of some cars.
The supercharger produces eight pounds of boost, helping to produce 805 horsepower and 727 lb-ft of torque when running on E85. Other horsepower aids include an upgraded stainless-steel exhaust system and new intake, fuel pump, and fuel injectors. All these tweaks make the truck pretty quick, with a quoted zero-to-96-km/h time of 3.6 seconds.
It also has massive six-piston Brembo brakes with 15.1-inch rotors on the front to bring it to a stop, as well as a six-inch lift kit, 20-inch wheels with 35-inch tires, and more aggressive shocks with external reservoirs.
Visual upgrades include a new front bumper, special Hennessey grille, LED light bar, and a numbered plaque on the interior. The Hennessey Venom 800 will be limited to 100 units, and costs US$149,500. That price includes the donor vehicle, as well as a three-year 36,000-mile warranty.
Hennessey already makes a 6×6 variant of the Ram TRX that makes 1,200 horsepower, and it’s only a matter of time before the performance brand takes the regular TRX to the next level as well.
$2M from angel donor helps Edmonton toddler receive life-saving treatment – CTV Edmonton
It was July 17 and Kaysen Martin’s second birthday had come and gone.
A day that had more significance than just adding another candle to the cake. It was also the deadline for Kaysen’s family to raise $2.8 million for a one-time gene therapy treatment to combat a rare disease called Spinal Muscular Atrophy Type 1 (SMA 1).
Fast forward four-and-a-half months.
An “angel donor” donated the remaining $2 million Kaysen needed to receive the therapy drug Zolgensma to treat the disease that affects the muscles used for lung support, swallowing, and crawling.
“It was a huge sigh of relief,” Kaysen’s mom, Lana Bernardin, told CTV News Edmonton. “It did take longer and, you know, it was complicated, but at the end of the day, we’re here, it’s done, (the drug) is in him and that’s all that matters.”
His family raised hundreds of thousands of dollars before the July 17 deadline thanks to community, and celebrity, donations.
Canadian actor Ryan Reynolds donated $5,000 to the cause while Edmonton-born actor Nathan Fillion put out a call for help on Twitter.
“To be able to come forward today and say that this has happened, we made it happen as a community is like amazing,” said Bernardin.
Which means adding more candles on Kaysen’s birthday cakes for years to come.
B.C. records 12 more COVID-19 deaths as top doctor warns against non-essential travel – ThePeterboroughExaminer.com
Footage shows catastrophic collapse of iconic Puerto Rico telescope – Global News
Tattoo art finds a place at WKP Kennedy Gallery – Brantford Expositor
Silver investment demand jumped 12% in 2019
Iran anticipates renewed protests amid social media shutdown
Galaxy M31 July 2020 security update brings Glance, a content-driven lockscreen wallpaper service
Tech16 hours ago
Walmart Canada site crashes selling PS5, upsetting potential buyers – Yahoo Canada Finance
Art22 hours ago
Pandemic blues? Online art therapy might help you work through your feelings – CBC.ca
Tech6 hours ago
FIFA 21 PS4 Vs. PS5 Graphics Comparison – Forbes
Tech11 hours ago
Xbox Series X/S now available on Walmart Canada's website [Now sold out] – MobileSyrup
Media17 hours ago
Media Beat: December 03, 2020 – FYI Music News
Health15 hours ago
More COVID-19 cases discovered at Saanich Peninsula Hospital – Times Colonist
Science15 hours ago
Massive telescope collapse caught on remote camera and drone in Puerto Rico – CBC.ca
Science20 hours ago
Fireball, boom thrill gazers from Ontario to Virginia – Al Jazeera English