Although one in ten Czechs is of the opinion that during Black Friday there are no longer as great discount offers as they used to be, 73 percent of people still think that this shopping event is still a good opportunity to make interesting purchases.
Black Friday, which this year falls on November 29, is most often used by people to buy Christmas gifts, at least according to an online survey by Revolut, where 40 percent of respondents answered this way.
The second most common reason people buy is to get discounts on items they don’t usually buy because they’re too expensive (37%). In contrast, only 14 percent of Czechs use Black Friday to buy everyday necessities, such as laundry detergent or toiletries.
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Among the young generation, there is a trend this year to buy something “for a reward”, which is popularized especially on social networks. “It consists in the fact that a person indulges in small pleasures as a reward for completing something, or simply to make himself happy,” Revolut said in a press release. In the Czech Republic, 21 percent of people in the age group of 25 to 34 are remunerated in this way. Of course, people in older age groups also enjoy themselves, but they usually don’t call it anything special.
Median prices on Black Friday
And what goods are worth buying this year? Portal Zboží.cz like every year, he created a median price from the price offers of e-shops involved in Black Friday, both overall and for individual categories. Looking at the graph, the most noticeable large fluctuations in prices are in the notebook category. As of November 14, their median price was just over 11,000 crowns, but just a few days before it was almost two thousand more.
Questionnaire
Are you using Black Friday to buy Christmas gifts?
A total of 76 readers voted.
“Be careful when buying, for example, desktop computers or smart watches, for which there is a continuous increase in the median price. We note a more significant drop in prices especially for mobile phones and tablets. The other categories are still without major price changes,” states Zboží.cz on its website.
The median price for mobile phones was almost 16,500 as of November 14, which is a fairly significant drop compared to the end of September, when it reached 18,000. There was also a bigger discount for tablets, to the current median of 10,000 CZK from 11,100 CZK at the end of September.
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Black Friday in the Czech Republic: A Cheeky Overview
Ah, Black Friday – the day when people camp outside shops like pigeons on a park bench, just waiting to peck at the first juicy discount. It’s that magical time of year again when shopping carts become chariots in an Olympic-style race to the checkout! But what’s the scoop this year in the Czech Republic? Well, grab your wallets and settle in because this ride is just getting started!
Discounts: A Fading Myth?
So, the statistics reveal a shocking twist – one in ten Czechs thinks that the discounts on Black Friday are about as elusive as that last crumb of cake at a party. And you know what? I can’t blame them! Dino might have thought he was invincible too, right before the meteor hit. But fear not, because 73 percent still see this shopping extravaganza as a fantastic opportunity. They’re like those party-goers who keep showing up despite the awful tunes – they just keep dancing!
Christmas Shopping: Tis’ the Season
According to a delightful online survey by Revolut, 40 percent of the respondents plan to snag Christmas gifts on Black Friday. You’ve got to love that optimism! Who needs to be organized when you can rely on panic buying? The second most popular reason lies with 37 percent of bargain hunters who are determined to buy things they can’t usually afford. Talk about retail therapy! Just remember, splurging on that Gucci handbag won’t pay your rent. But hey, it might make your Instagram followers green with envy!
Everyday Necessities: Not on the Radar
Now, here’s a strange concept: only 14 percent of Czechs are using this day to stock up on laundry detergent and toiletries. I suppose doing laundry is a bit less glamorous than snagging a new gadget, but let’s face it — some discounts are essential! Imagine the shock when your guests find out that you don’t use “Fabulously Fresh” laundry detergent. Now that’s a Christmas gift no one wants!
New Trend: The Reward Buy
Among the younger generation, there’s a new trend in town – “reward buying.” As if spending money on Black Friday wasn’t enough, now they’re treating themselves like kids who just cleaned their rooms! According to Revolut, 21 percent of 25 to 34-year-olds claim they buy something nice for themselves “just because.” Isn’t it lovely? Why put in the hard work when you can just buy happiness? 😏
Median Prices: The Good, The Bad, The Fluctuating
Now let’s talk numbers, shall we? According to the experts at Zboží.cz, the average price for notebooks was just over 11,000 crowns and fluctuated like your ex’s mood. So, if you fancy comparing prices, just remember: chasing deals is great, but don’t be that person who buys a toaster just because it was discounted a hundred crowns! Pro tip: Aim to buy what you actually need!
Watch Out for Price Hikes!
In an amusing twist, the price of desktop computers and smartwatches has been increasing steadily. It’s a classic case of “if you can’t handle the heat, stay out of the electronics aisle!” But don’t worry, mobile phones and tablets are witnessing significant discounts. Just don’t forget to check if that e-bike you’ve been eyeing has slashed prices too — riding it to the gym counts as exercise, right?
What Did We Learn?
So, as Black Friday draws near, Czechs are ready to splurge, treat themselves, and, let’s be honest, buy things they’ll forget about ‘til next year. So, keep an eye on those rising prices and make sure your wallet is ready for the extensive list of goodies that’ll only end up collecting dust. Remember: if you see a wild discount, you go for it, but don’t end up with a home gym you never use — that’s an expensive clothes rack!
And if all else fails, just blissfully ignore your bank statement like it’s an awkward ex still lurking around your social media. Cheers to shopping madness!
While 10 percent of Czechs believe that the allure of Black Friday discounts has diminished significantly over the years, a substantial 73 percent maintain that this annual shopping extravaganza still presents valuable opportunities for enticing purchases and deals.
This year, Black Friday is set to take place on November 29, with an overwhelming 40 percent of participants in an online survey conducted by Revolut indicating that they primarily utilize this event to acquire Christmas gifts, indicating a shift towards planning holiday shopping in advance.
Additionally, 37 percent of respondents reported that they take advantage of Black Friday to secure discounts on items they typically avoid due to high prices, suggesting a strategic approach to splurging on expensive goods. Conversely, just 14 percent utilize this day to stock up on basic necessities like laundry detergent or personal care items.
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A notable trend among the younger demographic this year is the concept of “reward shopping,” heavily endorsed on social media platforms. This behavioral phenomenon is described as treating oneself to enjoyable purchases as a form of self-reward for tasks completed or simply to elevate one’s mood. Interestingly, 21 percent of individuals aged 25 to 34 in the Czech Republic have embraced this practice as a way to celebrate personal achievements or indulge in happiness.
Median prices on Black Friday
In terms of smarter buying choices this year, the portal Zboží.cz has calculated median prices based on offerings from various e-commerce participants in the Black Friday event, offering insights into both overall trends and specific product categories. The analysis reveals significant price fluctuation, particularly in the notebook segment, where the median price was noted to exceed 11,000 crowns by November 14, a marked decrease from nearly two thousand crowns higher just days prior.
Questionnaire
Are you using Black Friday to buy Christmas gifts?
A total of 76 readers voted.
Shoppers should exercise caution, particularly when considering purchases of desktop computers and smartwatches, as these items are seeing a persistent increase in median prices. Alternatively, more substantial price reductions are noted for mobile phones and tablets, while other categories seem to exhibit stability without notable price shifts, as highlighted by Zboží.cz on their platform.
As of November 14, the median price for mobile phones stood at an almost revolutionary 16,500 crowns, presenting a pronounced drop when juxtaposed with the 18,000 crowns measured at the end of September. Tablets have also seen significant markdowns, now averaging 10,000 crowns compared to the previous 11,100 crowns seen at the close of September.
Czechs continue to spend, merchants’ sales grow
Economic
What are some tips to avoid overspending during Black Friday sales while indulging in self-care?
Ndulge in self-care. While this trend can bring joy, it’s essential to remain mindful of overspending, especially during sales events like Black Friday.
### Key Takeaways for Black Friday Shoppers:
1. **Beware of Price Tricks**: Keep an eye on price trends. While some items may see significant discounts, others, like desktop computers and smartwatches, may have increased in price before the sale.
2. **Research Before You Buy**: Use platforms like Zboží.cz to compare median prices across different categories. This can help you determine if a deal is truly a good one or merely an illusion.
3. **Plan Your Purchases**: Many shoppers are using Black Friday for Christmas gifts. If you’re among them, make a list to avoid impulse buys that can lead to buyer’s remorse later.
4. **Don’t Get Caught Up in Reward Buying**: While treating yourself can be tempting, make sure these purchases fit within your budget and aren’t just a reaction to social pressures or trends.
5. **Focus on Necessities**: Though only a small percentage use Black Friday for essentials, consider taking advantage of sales for items you genuinely need. Discounts on everyday items can lead to substantial savings over time.
6. **Engage Smartly**: Enjoy the excitement of the shopping spree, but remember that thoughtful purchases contribute more to long-term satisfaction than hasty ones.
By arming yourself with knowledge and a clear strategy, you can navigate the shopping frenzy effectively and make Black Friday work in your favor! Happy shopping, and may your cart be filled with only the best deals!
