Black Friday in numbers

Published on: 02-Dec-2019
Category: Trading
Last updated: 02-Dec-2019

Black Friday in numbers

Last Friday was the strongest day in sales of the year in North America, but also in Europe: Black Friday. But there is a lot going on. The classical retail loses importance and the online trade flourishes. The customers are no longer based solely on the place of purchase but are based on price comparisons and brand loyalty. Adobe Analytics estimates that 80 percent of the top 100 US online retailers saw revenue increase from 19.6 percent to $ 7.4 billion. On Thanksgiving, the day before Black Friday, online trading revenues increased 14.5 percent to $ 4.2 billion.

The biggest win on Black Friday and today's Cyber ??Monday Amazon has retracted. In the US, the Internet company has taken $ 5.4 billion, or 22.3 percent more than last year. Apple and Ebay have also heavily promoted Thanksgiving days for their discounts.

Participation in conversation

Two major airlines made public statements on a desired stake. The airline Qatar Airways has entered into a possible partnership with Lufthansa. While airlines from the low-priced Gulf States have been competing with European airlines recently, they now appear to need help themselves. The head of Qatar Airways, Akbar Al-Baker, has in the past often handed out against Lufthansa. The Qatari airline has suffered heavy losses since 2017 as a result of an embargo on Saudi Arabia, Egypt, Bahrain and the United Arab Emirates. In the financial year 2017/2018, the company incurred losses and has experienced an overall increase of 20 percent in operating costs.

Qatar Airways currently holds 20 percent of the third largest European carrier, International Airlines Group (IAG), with additional shares in Air Italy, Cathay Pacific, China Southern and Latam Airlines. However, Lufthansa has no interest in participating. Nonetheless, the stock has helped it to rise by two percent.


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