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.
Black Friday is here. What tricks of traders to watch out for
Economic
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 95 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.
Czechs continue to spend, merchants’ sales grow
Economic
Black Friday in the Czech Republic: Discounts or Delusions?
Ah, Black Friday—the day when even the most prudently budgeted Czech finds themselves one click away from bankruptcy while justifying it as “essential Christmas shopping.” However, according to a recent survey, ten percent of our dear Czechs believe that the discounts aren’t what they used to be. Shocking, right? I mean, are they still waiting for the return of discounts like they’re waiting for the second coming?
Interesting Purchases: A Retail Ruse?
Despite the skepticism, a whopping 73% still see Black Friday as a “decent” opportunity to score some interesting goodies. What are we buying—slightly more extravagant toilet paper and novelty socks? The survey by Revolut cleverly indicates that 40% will be splashing out on Christmas gifts. Because nothing says ‘I love you’ quite like a discounted gadget sourced amidst the chaos of a shopping frenzy, right?
Why Do They Buy? Reasons Behind the Madness!
Now, 37% of folks are using this day as an excuse to buy things they usually can’t afford. You know, the items that are normally behind the glass case marked ‘Do Not Touch’. Only 14% go for the basic essentials like laundry detergent. Who wants to spend special day savings on soap when you can have a smart watch that tracks your every movement, including the dreadful journey to your fridge at 2 AM?
Trendy Treat Yourself—But Hold That Thought
Among the hip, young Czechs, there’s a trend where people are savvy enough to reward themselves. Who knew? It’s like a little pat on the back for surviving another week of life! But let’s face it; “treat yourself” has now become the most expensive four words in the Czech language. If you’re 25-34, you’re in on this too; 21% treat themselves! The older crowd? Well, they indulge as well, but they’re far less dramatic about it. Come on, we’ve all seen the “just one more biscuit” face in the supermarket, haven’t we?
The Numbers Game: When Discounts Aren’t Discounts
So, what should we keep our beady eyes on this Black Friday? The lovely folks at Zboží.cz have helped us divine the mysteries of median prices. Apparently, notebooks are fluctuating more than an indecisive toddler. They were just over 11,000 crowns before and shot up almost two grand earlier. Is this a sale or just an elaborate sales strategy? The mystery deepens!
Pay Attention to the Details!
And listen up, if you’re considering a desktop computer or a smartwatch, beware! The median price is increasing. Yep, it’s like watching a bad romantic comedy—just when you think it can’t get worse, it does! While mobile phones and tablets are seeing substantial discounts. Just make sure to check those prices—that’s right, be the Sherlock of shopping!
Conclusion: The Czechs Are Spending!
At the end of it all, even with fears of dubious offers and fluctuating prices, Czechs seem ready to keep the cash rolling and merchants rubbing their hands together like giddy children in a candy store. It appears our friendly neighborhood capitalists can rest easy; after all, nothing screams Christmas spirit louder than an emotional shopping spree! So, keep your wits and wallets close my friends; this year’s Black Friday promises to be as wild as ever!
Despite the perception among 10 percent of Czechs that Black Friday no longer offers the impressive discounts of years past, a substantial 73 percent still believe this shopping extravaganza presents an excellent opportunity for exciting purchases.
Set to take place on November 29 this year, Black Friday is primarily viewed as a time for buying Christmas gifts, with 40 percent of participants in a recent online survey by Revolut indicating this intention.
Meanwhile, 37 percent of respondents reported seizing the chance to buy items they typically consider too expensive at other times of the year. In stark contrast, only 14 percent utilize Black Friday to stock up on everyday necessities like laundry detergent and personal care products.
Black Friday is here. What tricks of traders to watch out for
Economic
This year, a notable trend has emerged among younger shoppers, particularly those aged 25 to 34, embracing the concept of treating oneself as a form of reward, a phenomenon that’s gaining traction on social media platforms. According to Revolut’s press release, 21 percent of individuals in this age group indulge in small luxuries simply to celebrate an achievement or uplift their spirits.
Median prices on Black Friday
For savvy shoppers wondering which products could be worthwhile investments this Black Friday, the portal Zboží.cz has once again compiled median price data drawn from participating e-commerce sites, showcasing overall trends as well as specific categories. Notably, substantial price fluctuations are observed in the category of notebooks, which had a median price of just over 11,000 crowns as of November 14, marking a notable decrease from nearly two thousand crowns higher just days earlier.
Questionnaire
Are you using Black Friday to buy Christmas gifts?
A total of 95 readers voted.
When shopping this Black Friday, it’s important for consumers to exercise caution, particularly with products like desktop computers and smartwatches, as their median prices are showing continuous increases. Conversely, mobile phones and tablets appear to be experiencing significant pricing drops. Zboží.cz emphasizes that other gadget categories remain stable without major price fluctuations.
As of November 14, the median price for mobile phones dipped to nearly 16,500 CZK—a noteworthy decline from the 18,000 CZK seen at the end of September. Meanwhile, tablets also enjoyed a marked price reduction, dropping from 11,100 CZK to a new median of 10,000 CZK since late September.
Czechs continue to spend, merchants’ sales grow
Economic