Retailers face ‘Bleak Friday’ as cost of living crisis hits spending – business live | Business

Written by on November 25, 2022

Introduction: Black Friday could be bleak as consumers cut back

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

The stakes are high for retailers today, as they try to tempt shoppers to spend with a flurry of Black Friday offers.

But they could face a “Bleak Friday” this year, economists say, as the cost of living crisis means consumers will resist discounts on new electronics kit, homeware, clothing and the like.



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