Reported about 6 hours ago
Mickey Drexler, a notable figure in retail and former CEO of Gap, suggests that traditional Black Friday is now overshadowed by a month-long event he calls 'Black November'. With the increase in pre-holiday sales and consumer price fatigue, Drexler highlights the changing landscape of shopping patterns, where consumers prefer spending on experiences rather than high-priced apparel. Despite economic pressures, holiday spending is expected to reach record levels, with significant growth in e-commerce sales.
Source: YAHOO