Black Friday

2024 - 11 - 29

Black Friday: How Much Is Too Much?

Black Friday - consumer spending - corporate greed - discounts - fashion industry - history of Black Friday - online shopping - retailers - shopping deals - Trump supporters

Will relentless discounts this Black Friday lead to savings or a subscription to buyer’s remorse? 🤔🎉

As the calendar inches closer to Black Friday, the air buzzes with excitement and apprehension. Retailers and brands are gearing up, offering discounts that promise to entice even the most reluctant shoppers. But as we indulge in the thrill of snagging the best deals, have we taken a moment to think about what it really means for our wallets and the planet? While the allure of Black Friday savings might beckon us, the same familiar questions arise: will shoppers splurge on these irresistible markdowns or simply click the unsubscribe button from the ever-tempting emails that flood their inboxes?

The fashion industry is also bracing for a surge in spending, as reports suggest a record-breaking US$75 billion will be splashed out across the nation. However, as people prepare for this financial frenzy, not everyone is celebrating. The United Nations Environment Programme (UNEP) has taken a stand, warning about the environmental repercussions of overconsumption in the fashion and textile sector. As shoppers clamour for the latest trends, they may unknowingly contribute to a cycle of waste that threatens our planet in the long run.

Interestingly, there's a divide in consumer behavior as some shoppers become more conscious of their spending habits. Many are strategically planning their purchases and passing on items that serve momentary whims. The increasing emphasis on sustainable shopping options has led to a notable rise in demand for eco-friendly products. This evolution in shopping behavior shows that consumers are becoming savvier, balancing the thrill of Black Friday with the realization of their power as responsible buyers.

As Black Friday approaches, consumers must keep in mind the fine line between savings and overspending. This monumental shopping day doesn't just impact our wallets; it results in long-term ramifications for the environment if we’re not careful. In fact, did you know that the textile industry is responsible for around 10% of global carbon emissions? Additionally, over 92 million tons of textile waste are created each year! So, as you gear up for the big shopping day, remember: it’s possible to snag great deals while still shopping smartly for the planet.

Post cover — Image courtesy of "Financial Times"

Black Friday

Black Friday: How Much Is Too Much?

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