Australians to spend $1m a minute from Black Friday sales, NAB specialist estimates | Finance Report

ABC News (Australia) published this video item, entitled “Australians to spend $1m a minute from Black Friday sales, NAB specialist estimates | Finance Report” – below is their description.

National Australia Bank estimates that Australians over $5.5 billion over four days from Black Friday to Cyber Monday.

Alan Kohler on why Aussies go crazy over Black Friday sales.

ABC News (Australia) YouTube Channel

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About This Source - ABC News (Australia)

The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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In This Story: Black Friday

Black Friday is an informal name for the Friday following Thanksgiving Day in the United States, which is celebrated on the fourth Thursday of November. The day after Thanksgiving has been regarded as the beginning of the United States Christmas shopping season since 1952.

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In This Story: Cyber Monday

Cyber Monday is a marketing term for the Monday after the Thanksgiving holiday in the United States. It was created by retailers to encourage people to shop online. The term was coined by Ellen Davis of the National Retail Federation and Scott Silverman, and made its debut on November 28, 2005, in a Shop.org press release entitled “‘Cyber Monday’ Quickly Becoming One of the Biggest Online Shopping Days of the Year”.

Cyber Monday takes place the Monday after Thanksgiving; the date falls between November 26 and December 2, depending on the year.

Cyber Monday has become the online equivalent to Black Friday and offers a way for smaller retail websites to compete with larger chains. Since its inception, it has become an international marketing term used by online retailers across the world.

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By the Numbers: Cyber Monday

U.S. Cyber Monday sales hit $12.6 billion with an increase of 3% YOY: Salesforce

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