Every year, thousands of sale lovers look forward to the end of November. This is when Black Friday, the biggest shopping craze of the year, takes place. Retailers have been preparing for months to finally, on 29th November, unveil the best promotions and discounts for their clients.
In which part of the Philippines is Black Friday the most popular? What are the differences in attitudes toward sales among men and women? How much money are Filipinos willing to spend and on which products? Where and when do Filipinos consumers shop?
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The survey conducted by Picodi.com shows that Black Friday is widely popular in the Philippines. Among respondents who took part in one of November shopping holidays, 38 per cent participated in Black Friday sales. 45 per cent took advantage of both Black Friday and Singles’ Day. 17 per cent answered that they took part in Singles’ Day only.
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Although Black Friday is celebrated throughout the Philippines, in some cities people anticipate it more than in others. The biggest increase of interest in Black Friday sales was noted among citizens of Santa Rosa. Black Friday has also gained significant popularity among residents of Caloocan and Davao City, who took the second and third place respectively. Cebu City landed in fourth place, followed by Baguio.
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Black Friday sales are popular among both male and female citizens of the Philippines. As much as 61 per cent of female and 56 per cent of male respondents are going to take part in Black Friday. Women purchase more products: 4.5 in comparison with 3.7 bought by men. Paradoxically, men spend more money than women on Black Friday. An average woman is willing to spend around ?4,189, while an average man around ?6,644.
The reason behind such a difference may be the fact that on Black Friday a top category of products bought by men is electronics. Other than that, both male and female shoppers chose clothing and shoes as their top purchases. What is more, women spend 19 per cent more time on shopping compared to men.
The popularity of online shopping is rising year after year, especially because of events such as Black Friday or Singles’ Day. Half of the surveyed Filipinos (53 per cent) are going to shop online on Black Friday. 44 per cent decided to shop in both online and offline stores. Only 3 per cent are going to shop exclusively in brick-and-mortar stores.
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One of the reasons against shopping in malls is having to wait in lines. Among Filipino respondents, as much as 21 per cent of women and 19 per cent of men declare that they would rather give up on purchasing a product than wait in line.
On the Filipino Internet, peaks of shopping activity fall at 11 AM and 5 PM. Consumers make purchases at home, during the commute, or even at work — 63 per cent of surveyed Filipinos admitted that they buy while working.
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