ADVERTISEMENT

Black Friday Sales Brisk in 1st Hour

Retail

The eMag logisitcs warehouse in Hungary in the days before the 2023 Black Friday sale.

Photo by eMag

Retailer eMag kicked off its Black Friday sales at 7:10 a.m. today (Friday, Nov. 17), during the first hour of which the average shopper spent 7% more than last year, typically browsing offers on their smartphone and requesting an easybox pick-up. The first-hour figures show a significant increase in sales of everyday consumer goods ordered this year, but demand for clothing and home furnishings has also risen.

The sale was launched with 1.5 million products on offer, 1.2 million of which were said to be available at this year's best prices. Emag will be delivering Black Friday orders from its 117,000 square meter Hungarian logistics center, which opened earlier this year and includes a number of automation solutions, by Dec. 1 at the latest.


Based on first-hour figures, the average basket value of Black Friday is 7% higher than last year, with everyday consumer goods (washing and cleaning products, durable food, and drinks) generating as many sales in the first hour as in the first half of Black Friday 2022.

Clothing and fashion items at eMag saw a significant increase of more than 200% in value at the start of Black Friday, with customers ordering around twice as many home furnishings and home accessories as this time last year, and beauty sales in the first hour were one and a half times higher than in 2022.


As was the case last year, traditional toys (such as Lego and board games), but also game consoles and accessories are popular this year, with many people saying they are likely to buy children's Christmas gifts in the Black Friday sale.

The most popular product categories in the first hour of Black Friday:
1. MDA (large home appliances)
2. Mobile Phones
3. TV
4. House Cleaning
5. Laptops
6. SDA  (small home appliances)
7. Gaming Consoles
8. Toys

 

Erste Bank Hungary Q1 Earnings Close to HUF 29 bln Banking

Erste Bank Hungary Q1 Earnings Close to HUF 29 bln

Hungary Welcomes Extension of China's Visa Exemption Policy Int’l Relations

Hungary Welcomes Extension of China's Visa Exemption Policy

Living's Kassák Terrace and Park West 3 Classified as Brownf... Residential

Living's Kassák Terrace and Park West 3 Classified as Brownf...

Aldi Opening Biggest Store in Budapest Food

Aldi Opening Biggest Store in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.