Retail

Black Friday may have seen ‘fundamental change’ due to Covid pandemic

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The coronavirus pandemic caused retailers to shift their approach to the holiday shopping season, opening the promotional window for Black Friday deals much earlier than years past. And some in the retail industry believe the adaptions may become standard practice going forward.

“We’re seeing a fundamental change in the promotional calendar,” Steve Sadove, former chairman and CEO of Saks, said Friday on CNBC’s “Squawk Box.” “I think the retailers have done a brilliant job extending the season, and that will play out as we go into next year,” he added.

In an environment where the pandemic has led more and more consumers to online channels, the earlier start to the holiday should prove…



Source cnbc.com

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