Large numbers of Americans are passing on Black Friday
November 24, 2020
Forty-nine percent of Americans who typically shop on Black Friday say they will skip their annual tradition this year, according to Morning Consult. Of those who plan to shop that day, 14 percent are going to stores and 41 percent will buy what they need online. Many of those skipping Black Friday are planning to shop on Cyber Monday, a sales trend that has grown in recent years.
Recent News
Spotify Faces Disruptions After Layoffs
During Spotify’s recent earnings call, CEO Daniel Ek acknowledged that the company’s decision to lay off employees last December had a more substantial impact on operations than initially anticipated.
Clear’s Airport Line-Skipping Faces California Scrutiny
Clear, a biometric scanning service, lets travelers skip airport security lines for $189 a year. Now, California lawmakers are pushing back against its expansion.
Walgreens Broadens Specialty Pharmacy Services for Cell and Gene Therapies
Walgreens revealed its plans to collaborate directly with drug manufacturers to provide cell and gene therapies to patients in the U.S.
Meta’s Threads Has 150 Million Monthly Active Users According to Mark Zuckerberg
Meta’s Threads, which entered the market to compete with the likes of X, is growing at a robust rate.