Expect ‘value beyond price, savvy shopping and brand trust’ to be the key drivers for the looming Black Friday Cyber Monday (BFCM) shop-fest.
Photo: Pixabay
While price, of course, remains the top consideration for Peak Trading purchases for a third year in a row, the proportion of shoppers rating cost alone has fallen, according to research of over 1,000 UK consumers by Sensormatic Solutions. And the rise of ‘dupe culture’ will see consumers heading more in-store to seek product authenticity.
While 66% say price is the most important factor influencing BFCM and Peak Trading purchases, this is down 11 percentage points year-on-year. Product quality was ranked second (49%), “indicating that good ‘value for money’ as well as cost is a growing consideration”. This was followed by ranging (38%) and stock availability (37%).
“Even though price remains the top factor, inflation-weary consumers have become used to everything being ‘expensive’, which is why many are redefining their perceptions of value beyond cost alone,” said Andy Sumpter, Sensormatic Solutions’ EMEA Retail Consultant.
“This reassessment means additional factors, such as quality, choice and stock assurance, are becoming table stakes in Black Friday purchasing decisions.”
The report also says shoppers are expected to exhibit ‘savvier’ behaviours across BFCM this year. Some 37% plan to use cashback or discount code sites, rising to 47% of Millennials, “as consumers hunt out extra deals and money-off codes on top of existing discounts”.
Also, 26% of shoppers will look to retailers’ resale platforms for Peak Trading bargains, rising to 38% of Millennials.
Meanwhile, 73% will take more time searching out deals, up four percentage points compared to 2024, with bargain-hunting strongest among Millennials (79%) and Gen Z (74%).
“Shoppers won’t just take Black Friday deals at face value,” Sumpter added. “Motivated by getting the best value for money, they’ll be scanning every channel, testing every discount format and weighing every payment option to make their disposable spending budgets work hardest.”
As for brand trust, under the heading ‘counterfeits get cancelled’, shoppers will also be heading in-store “to avoid online fakes”.
Some 17% plan to shop in-store over online during BFCM to ensure product authenticity, while 25% trust items bought in-store to be genuine, certified goods. Some 42% of Millennials will also head to physical stores during Peak Trading to ensure product authenticity and avoid online fakes.
“Consumers have always valued the store for purchase validation, wanting to see, touch and physically assess items to ensure their quality and suitability before buying,” Sumpter added. “We’re now seeing an extension of this, where dupe culture and question marks around authenticity online are making the physical retail the cornerstone for brand authentication and trust.”
The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.