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Bargain Hunters Set to Drive Record Black Friday | Hero

Record Black Friday Predicted with 74% of Consumers Planning to Shop, as Cost-of-Living Crisis Drives Hunt for Bargains

Average Spend Around November Sales Events Is Expected to Increase Between 3% and 22% Versus 2022, Depending on the Country SurveyedConsumers Are Turning to November Sales Less for High-End Items and More to Cover Their Basic NeedsConsumers Expect a Minimum 30% Discount for a Good Black Friday DealBOSTON—With the rising cost of living continuing to pinch household budgets, 74% of consumers say they intend to take advantage of deals during November sales events this year—an increase of 7 percentage points versus 2022. Over the course of this Black Friday, Cyber Monday, and Singles’ Day, US consumers plan to spend the most ($460), followed by Switzerland ($390), and Germany ($385). What’s more, average spend is expected to exceed 2022—in some countries, by as much as 22%. This record consumer spending, while partially driven by year-over-year inflation, also reflects a growing focus on deal hunting as consumers shift December holiday shopping to November to benefit from bargains.

E-Commerce Poised to Capture 41% of Global Retail Sales by 2027—Up from Just 18% in 2017

New Research by Boston Consulting Group Explores E-Commerce Trends from the Beginning of the Pandemic to TodayE-Commerce Sales Increased by 3% in Europe and 7% in Both the US and Asia in 2022Global E-Commerce Growth Is Expected to Achieve a 9% Compound Annual Growth Rate Through 2027—More than Double Projected Brick-and-Mortar Retail Growth of a More Moderate 4%BOSTON—After tremendous acceleration throughout the pandemic, many retail and consumer packaged goods (CPG) companies faced a marked slowdown of online sales growth in 2022. And while consumers are returning to brick-and-mortar shops, e-commerce is still forecast to constitute 41% of global retail sales by 2027, a significant increase from its share of just 18% in 2017, according to new research released today by Boston Consulting Group (BCG).

M&A Set to Pick Up in 2024 Despite Ongoing Headwinds

环境依然Challenging Given Higher Cost of Financing, Geopolitical Tensions, Shifting Antitrust RegulationDeal Activity Bottomed Out in Early 2023; Increasing Deal Volume and Pick-up in IPO Market Spark Optimism About the Year AheadBOSTON—Over the past year, M&A dealmakers have confronted their most prolonged challenges since the 2008–2009 financial crisis. Rising interest rates, geopolitical tensions, and recession fears contributed to a sustained downturn in deal activity that bottomed out in the first quarter of 2023.

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