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IRISH RETAILERS ARE taking part in a new annual shopping trend to fight back against the recent introduction of Black Friday sales.
Today, shop-owners across the country are promoting #GreenFriday to encourage consumers to buy products from local, independent businesses.
The hashtag began gaining momentum online to encourage consumers to be more conscious of how they shop, while some have also used the hashtag to encourage people to take part in non-shopping activities.
The trend is part of a backlash against the unofficial American shopping holiday ‘Black Friday’, which takes place annually the day after Thanksgiving.
Professor Mary Lambkin of UCD’s School of Business points to how retailers who give discounts cut into their profit margins when they may prefer to sell at normal rates.
“In order to deliver on that obviously it has some headaches, for example if you get a big spike in sales, as you may have around these days, you have got to have stock to meet that,” she told Morning Ireland on RTÉ Radio 1.
Lambkin also suggested that Black Friday promotions may also see retailers eating into their sales later in the year.
“I haven’t seen any real research that can prove to me that there is actually a net increment in sales for retailers,” she added.
Meanwhile, Labour’s Jan O’Sullivan also encouraged shoppers to buy locally both this weekend and in the run-up to Christmas.
“Local stores add to the character and the economy of towns and cities,” the Limerick TD said.
“Buying local also helps smaller businesses ensure good wages for local employees while supporting local entrepreneurs who are taking a greater risk than major corporations in setting up businesses.
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Sounds like a good initiative. Hopefully it’ll go to plan and do what it aims to.
There are so many single view articles on the Journal that it is hard to believe the Good Information Project. Who will be responsible for deciding what information is “good”? We only have to look at the headline the Journal put out this-morning about Sinn Fein putting ads in US papers, but it wasn’t actually Sinn Fein. Where’s the “good Information” there? Practice what you preach.
@Alan Wright: ah come on Alan, that is not fair. The journal is a beacon of independent academic truth finding. You accuse them of being biased??? Well well well, what makes you think that?!
@Alan Wright: Oh and the Politburo decides what is “good”, in conjunction with the Reichskulturkammer.
The good information project should maybe look at the previous article and it’s headline. Sinn Fein did NOT runs ads in America, an amalgamatIon of Irish groups there ran them.
@M Bowe: maybe its the good to someone information project. Or an excuse of a name to pass disinformation lol
Good luck with it, it could be very good….
Can Ireland be carbon-emission free by 2050? – We’re destined to shovel water from this sinking raft forever. Maybe in a decade the second hand electric car market will open up the idea to 90% of the population and there’s already barely any public transport so yea, maybe.
What should the working week look like after the Covid-19 crisis? – Get money however you can, the idea that we’re building for the ‘future’ through progress is laughable at this stage.
What could a new Constitution look like? – Words on a piece of paper.
@thesaltyurchin: Maybe you are right about our situation at the moment but maybe not. The pandemic, as well as having been a bloody awful nightmare has also had some unforseen positive effects – for example, the way Zoom and other platforms like it have opened up the possibilities of rearranging how people work, as well as allowing people who would not have previously have done so to engage in all sorts of classes, webinars, etc, thus broadening their knowledge base.
Whos uncle gave ypu the job to delete comments? I just wanna talk Fintan
The Good Information Project
@Young Politican: am doing FOI to get clear what EU funding pays for the project. And based on what criteria of the organization executing it. Like being in former DDR with all this deleting posts the do.
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