DStv Channel 403 Wednesday, 27 November 2024

Friday sales may leave retailers in the black

JOHANNESBURG - Sales this Friday are expected to leave retailers in the black.

South Africans have a bit more disposable income in a lower inflation and interest rate environment.

Chris Wood said although consumers have been given a couple of breaks, it doesn't necessarily mean that everyone has unlimited funds to spend.

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"A big part of Black Friday is about old stock or moving stock as the new year brings new stock to the shelf," he said.

"Irrespective of whether if it's a nice to have or a necessity, that stock's got to move."

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