Black Friday

Black Friday is the Christmas shopping season. It falls the day after the country's Thanksgiving celebration and now has become a discount shopping day. On Black Friday 2010 more than $45billion was spent by American shoppers. There is also an online version, Cyber Black Friday. Amazon, the online retaileris going to cut prices by up to 40% on around 1,000 items until Saturday. The sale is twice as big as a similar promotion last year. Online prices are falling. According to the Centre of Economics and Business Research (CEBR) online prices are falling at their highest rate for five-years. Shoppers are increasingly turning to the internet to do their shopping. Yesterday John Lewis, the department store retailer, said that online sales rose by 31 per cent last week.