Black Friday: what does it mean? And how is it doing in 2024?

Black Friday is an expression that originated because traditionally, large American retailers arrived on this date having covered all costs (wages and salaries, rent, supplier payments, interest on loans, and taxes). Everything they sold from Black Friday onwards was pure profit, until 31 December, and thus brought their budgets into the black. In the US, despite a difficult start, record figures for e-commerce

Walmart raises its sales forecast thanks to strong revenue and e-commerce growth

Doing a bit of maths, this would mean that Walmart’s online sales were about $30.5 billion from July to September [and 30.5 multiplied by 4 makes $122 billion, although in reality the last quarter in retail weighs much more ], up 27% year-on-year. Although Walmart is still a small player in e-commerce compared to Amazon, its online sales are growing much faster