Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Black Friday and target black Friday deals for the black week 2020


Black Friday vibes coming soon for the black week

Out of the many holidays celebrated, perhaps the one known most for the intense shopping sprees is Black Friday, the target Black Friday following Thanksgiving, which is, in 2021, the 27th of November. This black week or the black Friday holiday is well known in the US for the large amounts of bargain deals from shops and the ensuing mass of shoppers set on getting said deals. It also marks the start of the Christmas shopping season for retailers, especially in the USA.

The origins of the Black Friday

The term itself dates back to the early 60s, originating from Philadelphia in the US, where it was used to refer to the heavy pedestrian traffic on the day after Thanksgiving activity. This was the result of a football game between the navy and army academies located near the city. It was only in the 2000s that the term came to be widely associated with shopping. This is because of the sharp increase in sales, immediately following the Thanksgiving holiday, putting retailers and shops “in the black”, a term indicating financial stability or to gain profits.


Worldwide Reach of the target Black Friday

As of late, targetblack Friday has resulted in many deals and discounts being posted mainly in the US, but has started to spread worldwide, to mark the start of the Christmas shopping season albeit for different reasons.

 In the UK

For the UK, the the busiest shopping day was previously boxing day, and the term black Friday was used by the police for the Friday preceding Christmas. This was a result of many going out to drinking thus needing to increase the capacity of emergency services for the time. The event of known as “Black Friday shopping” came only in recent years when international American retailers in the UK, such as Amazon, employed sales in the same style as those in the States. Also, outdoor shopping is popular among people for branded outlets like reebok outlet, specially reebok sales, Adidas black Friday sales, Levi’s outlets, Nike, and for costumes Zara, H&M, M & S, Victoria Secrets stores. Other UK retailers followed suit and gradually the retail sales in November exceeded those in December, showing the shift from the traditional pattern of UK Christmas Shopping.

 In America and Canada

Due to the proximity and easy access to American shopping centers Canada started Black Friday deals of sales in order to stop people from crossing the border and partaking in American sales. Although Canada has black Friday sales to combat this issue, they aren’t as much of a bargain as American ones and the stronger Canadian dollar also prompts shoppers to cross the border for better deals.

The rest of the world

Other countries that observe Black Friday are; Australia, New Zealand, Germany, and France, among others. However other countries like India, Japan and China have that have different seasonal shopping seasons so the Black Friday event isn’t as pronounced. Instead, they have their own events such as Diwali [India] and Singles day [China].

Although an increasing number of retailers worldwide are adopting this method of the Black Friday sales. This is in part due to the influence of Amazon and their regional marketplaces such as Amazon UK, Amazon Australia, and many more, implementing black Friday discounts via their online platform.

What Black Friday means for Retailers?

With the huge discounts and price cuts one must wonder, what’s in it for the sellers?

Well it depends. This is because the store will lose money if the product is sold at a lower price than the cost or selling at a price that could have otherwise been higher that the current selling price. Because of that reason, we can see People love to online shopping this season. Customers chase Amazon offers that especially target blackFriday, because it’s offers target black Friday and comparatively lesser than other months. And also, people search 24-hour supermarket near me, grocery shops near me to buy goods for low prices these days.

 However, stores count on the fact that the customer will purchase other products on the same visit thus netting an overall profit. This is because its would simply be easier to purchase that item in the initial store rather than going to another one. And thou some normally high-priced items may have very low or no profit margins, other low-priced items surely will have high markups (increased prices).

It also plays on psychology by offering low priced items along with overly high pieced ones. This is because a consumer will fell happy resisting the urge to buy the expensive item and instead buying the cheaper one. However, the cheaper item will have a higher profit margin. And by saving by switching to the cheaper item the customer is left with extra money to spend on more low-cost items for themselves albeit those with a higher price margin for the store. And so, it would appear to be a win win for both parties.

Nevertheless, it still is a calculated risk that stores are willing to take due to the seasonal and annual nature of the sale. This promotes the mentality that the customer won’t be able to get another deal similar to this during any other time of the year and therefore increasing the probability of sales.


Talking about the Shopping of Christmas Scene

Further, since the Christmas shopping season is just starting a seller would like a consumer to purchase items at their shop rather than at a competitor’s. That is to say, a retailer would rather you cross out your shopping list at their own outlet as opposed to a competitor’s one. This increases revenue in that a greater volume of purchases are made. Additionally, sellers can have a positive outcome if they enter into a positive relationship with the customer, like selling a warranty, payment options with interest, and/or brand affinity. Even credit options are a great profit turner for retailers.

Price discrimination is another way that sellers use to make a profit. Here price discrimination refers to when, every person has different spending capabilities and so each person is willing to pay a different amount for the same product or service.

To better understand this let’s imagine two people, one who has a high income [ex.; bank manager] and another with, and opposingly, low income [ex. Bank clerk]. If they both desire a certain product the manager would be willing to pay more on a normal day with ease as opposed to buying at a lower price but having to go through the hassle of a crowded marketplace. However, the clerk cannot afford to do that and as such will try to buy it on a day such as the black Friday.

This means that the seller could sell a product at a higher normal price but have a discount, in such a way so that it would be a bit annoying to go through with, they could increase total maximum revenue.

We should also note that if Black Friday sales were employed more often through the year these affects would diminish thus the incentive of the sales, for sellers, would disappear.

 Disruption and Harm Caused by Crowds

It should be noted that with these very attractive offers, everyone would want a piece of it. This results in large crowds at stores and more often than not disputes have occurred between shoppers. Although mostly minor in scale and injuries, there have been cases where serious harm had been inflicted by shoppers. As such police and other emergency services are on high alert during this time.

 The Influence of the Internet, on Black Friday

The concept of black Friday sales mainly took traction in the 2010s. This was based on the idea that people would rather click and buy online at home, rather than wait in line early in the morning for a good deal. However, online deals aren’t as good as the ones in stores. Nevertheless, due to the recent pandemic retailers are moving some focus toward online sales. 

Separate to shopping online on target Black Friday there is another online shopping day, on the Monday immediately following the Black Friday which comes to be known as cyber Monday. This is mostly because shoppers are unable to find what they want or for other reasons cannot get it. As a result, the shop for it online the following Monday after the day’s activities. Overall online traffic has increased year over year, and this is something that Sellers will have to deal with especially given the current situation.

 Covid-19 and its implications on black Friday

Amid the crisis of the Covid-19 pandemic, it would be reasonable to expect the intense and crowd drawing Black Friday shopping event to be canceled, but retailers still are going through with the sales. Albeit with a larger focus online amid fears of the virus spreading.

Further sellers are spreading out the duration of sales, thus, reducing the concentration of the number of people in shops and as a result being able to comply with building and crowd regulations. This is also supported in that, many shoppers would rather get their Christmas shopping done earlier this year.

Other measures such as making the wearing of masks required, only opening shops for the normal working day as opposed to extended hours employed traditionally, making pick up of packages available, and an increase in overall deals online. While sales volumes are expected to increase online, the converse is expected of physical sales.

In the end while Covid-19 hasn’t exactly canceled Black Friday, the traditional one that is so familiar with people is unlikely to happen. Sales and deals will shift online, and pickups and home deliveries will be encouraged. The total length of sales will increase spreading over the week or month. All for control over the pandemic and the safety of the population as a whole.


Passion of an Orphan 💫

An orphan girl who made a name for FASHION WORLD

Coco was twelve years old when Coco's mother died. After her mother's death, Coco lost no one. My mother did the laundry. So, it wasn't even a savings for her. Mother had to spend her money on laundry and save money while saving money. The twelve years spent without a father were filled with poverty and helplessness. So now Coco has the only one he has ever broken.
After her mother's death, Coco was forced to go to the orphanage. She was sent to a woman's orphanage in the French capital of her home town of Obeism. The orphanage was administered by the nuns. All the girls in the orphanage had to learn homework, cooking, and sewing, which a woman should learn. The nuns taught these orphans these skills. Coco's love of sewing was one of those things. She studied sewing with a passion.
Coco, who grew up outside the orphanage, grew up living in the orphanage. She started making money by renting clothes. The money she got was not enough to make her life and pay rent. So, Coco, who sews clothes at noon, finds a job at a nightclub to do the night. Singing in a nightclub.
Coco, who sings at the nightclub, often sees the rich and the rich in life. Coco always thought of the gulf between the lives of these people and the lives of her own family. Coco wanted to be a member of that happy world. But to enter that world, must have good money. But Coco did it anyway.
But at that time, in French society, a woman could not even imagine herself improving. At that time women were not allowed to maintain their own bank accounts. They could not own property or register a business. She needed a man's care.
Coco brought a man closer to her life. But it's not because of love. Only because they need help in their journey. After a lot of careful planning. In 1908, Coco became the casual wife of a retired army chief, Etienne Balsan. Coco was twenty-three years old at the time. She spent three years as the mistress of the old army chief. During those three years, she interacted with the men of an affluent society. Attended their parties.
She developed a well-rounded sense of community in the upper echelons. Coco is now well aware of the clothes and tastes of high-profile wealthy women. She studied all of them and began to design helmet designs aimed at women in that society. It was her first foray into the design industry.
Coco's fashionable hats were a good demand among wealthy women.
In time, her illicit relationship broke up. Coco became the mistress of her boyfriend, Arthur Edward Capel, a friend of her ex. Coco, who became Arthur's mistress, lived with him in an upstairs apartment. In 1910, Coco opened her first women's clothing store on the ground floor. Gabriel Coco Chanel named her first women's clothing store after her surname. Which means “Chanel”
It was then that Coco Chanel began to revolutionize the field of men's clothing, and began to create high-end women's clothing designs from low-cost "poor" fabrics. Her business, based in an urban location suitable for the garment industry, was a success. The first "Chanel" costume models were Coco's sister and her aunt. They made these costumes and traveled around the city giving great publicity to their clothes.

By 1916, Chanel's branded apparel was in high demand, and Coco Chanel's revenues were steadily rising. By then, she was able to repay her business with her initial interest and loans paid by her illicit lovers.

Coco Chanel has continued to create clothing and has touched on women's perfumes, handbags, footwear, and accessories, as well as cosmetics. Coco was given a dash of wasps too. Everything she creates became a passion for the fashion world.
The Chanel 05 perfume created by Coco Chanel has become very popular among the world's richest women. When it came to handmade two-color women's shoes, actresses, models, and stylists all over the world embraced the wave. Notable actresses such as Elizabeth Taylor, Marilyn Monroe, Grace Kelly, Jane Fonda and Jackie Kennedy was among the most famous women who loved her work.
Although she is not alive at this time, she is still one of the brightest names in the design world. "Chanel" is already the world's most expensive women's apparel brand.

Born in an extremely poor family and spent her childhood as an orphan girl, the rest of her life was full of luxury and fame.
At the age of twenty, your image is given to you by nature. At the age of thirty, your style is determined by your life. But at the age of fifty, you get what you deserve.” She once told a magazine.
It is true. No matter what form life takes us, we must make it good for ourselves.

Would you like to be your own BOSS LADY

 Did you know that Female Entrepreneurs is 1/3 of all Entrepreneurs in the world?

 These days everyone dreams of being an entrepreneur, of starting your own business to life like on their own terms. However, that is easier said than done.

So, Today we are going to discuss about what actually Entrepreneurship.
After that, step by step let’s move to enrich personality to drive and make visions to initiate our own businesses.

Around the world there are 1/3 percentage of lady entrepreneurs are there as their own companies earning their own profits.


Entrepreneurship is the process of designing, launching and running a new business, and doing everything else that is required for that. Intrapreneurs are similar to Entrepreneurs in the sense that behave exactly like an entrepreneur, except in the sense that they don’t start their own business, they work for someone else.

An entrepreneur must start at the very bottom, come up with an innovative or groundbreaking idea, develop it, as well as hire and manage their team. In short, it can be said that entrepreneurship is the process of designing, launching and running a new business, and doing everything else that is required for that.

There is another important person should be with an Entrepreneur…….

All of this can be quite intimidating for a person, and is not usually everyone’s a cup of tea, this is where Intrapreneurs come in.

Intrapreneurs are similar to Entrepreneurs in the sense that they also have to come up with risk-taking and innovation approaches while managing a team. In all sense and purpose, they behave exactly like an entrepreneur, except in the sense that they don’t start their own business, instead, they do all of this in someone else’s business. Hence, it can be said that they get to be Entrepreneurs while still have the job security which comes with working in a company.

Due to their similarities, intrapreneurs are often categorised as a subcategory of entrepreneurs, as they do everything that an entrepreneur does, expect just for someone else.
 In fact, the term itself references this, intra- means inside, hence intrapreneurs are an inside entrepreneur.
While an entrepreneur is the head of everything since it is their company, an intrapreneurs are often employees within a company who are assigned to work on a special idea or project. Their task is to develop the project like an entrepreneur would, without incurring all the risks involved with the task.

In order to achieve a task like this, an entrepreneur would have to source the resources and capabilities from outside, whether that includes getting a business loan, getting investors or hiring staff and purchasing resources. An intrapreneur, on the other hand, has the resources and capabilities of the company who they work for at their disposal.

However, an intrapreneur must also respond and reply to the higher-ups in their company, hence they don’t have the complete and total freedom that entrepreneurs usually enjoy. They do have job security, which the entrepreneurs lack.

This is the background and tasks of an Intrapreneur, basically both have to work hard to gain company goals.
So, Girls, now think, after reading this you might get a wish, hope or an idea to its better to start my own and gain my own. It’s not actually an easy thing because every beginning is hard but going forward it directs you to a Passion. Most of the initiators didn’t have their own capital to run their own maybe you have to go for loans, mortgages, asking for your friends to donate some. No worries that’s what I meant initiating is a tricky pressure.

Here beauties think there you have to be an entrepreneur and intrapreneur both for yourself. YES, you have your degree, qualification, a mission to vision, capability, strength, potential and creative mind.

So, BE RELAX, get your time, have a cup of tea,
Think Think Think and Think a BIG, A DAY OR A WEEK. Then DRAFT. COLOURFUL DRAFT.

We want girls to be in the top of commercial world more competing and challenging with their feminism.



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