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Online Sales rise on Black Friday, with Amazon offering Steepest Discounts among E-Commerce Sites

Online shopping continued to grow, with Adobe saying that Black Friday was on track to set a new record by surpassing the $3 billion mark for the first time

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Online Shopping (representational Image), Wikimedia

Washington, Nov 26, 2016: US online sales surged on Black Friday, with Amazon.com Inc offering the steepest discounts among e-commerce sites as it set the agenda for what has traditionally been the biggest shopping day of the year for brick-and-mortar retailers.

Though in-store customer traffic picked up in the afternoon, it paled in comparison to the jump in online sales, NBC news cited analysts as saying.

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Macy’s Inc’s website crashed as it saw heavy traffic on Friday. It had to delay customers from entering the site at three different times.

Online sales on Friday hit $1.70 billion as of 3 p.m., according to Adobe Digital Index, after reaching $1.13 billion on Thursday, up almost 14 percent from a year ago.

The National Retail Federation expects total sales this holiday season to increase by 3.6 percent to $655.8 billion, mainly due to the rise in online shopping.

This weekend’s shopping could reflect signs of faster economic growth in the fourth quarter this year.

Administrative assistant Kelsey Gilford, 52, was shopping at Chicago’s Water Tower mall on Friday but had already made purchases online on Thursday.

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“I looked at some online deals on J.C. Penney which were good. I bought a small kitchen appliance yesterday (Thursday),” she said.

Amazon.com Inc offered a 42 percent off, compared with 33 per cent off at Walmart, 35 per cent at Target and 36 percent at Best Buy.

Amazon said Black Friday would surpass last year in terms of the number of items ordered on its website. The Seattle-based company declined to provide specifics.

Online shopping continued to grow, with Adobe saying that Black Friday was on track to set a new record by surpassing the $3 billion mark for the first time.

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It is also expected to become the first day in US retail history to drive over a billion dollars from mobile sales.

Mobile accounted for 40 per cent of sales, with 29 per cent from smartphones, and 11 per cent for tablets.

Combined with Thursday’s $1.93 in online sales on Thanksgiving, the two days are expected to close out at nearly $5 billion in sales.

Tamara Gaffney, principal analyst and director, Adobe Digital Insights, said: “We expect Cyber Monday to surpass Black Friday and become the largest online sales day in history with $3.36 Billion.”

Meanwhile, UK shoppers also rushed to buy Black Friday bargains, as retailers and payment firms reported strong sales.

Barclaycard said it had seen a record number of transactions on Friday, while Argos, John Lewis and Currys PC World reported a surge in orders, BBC reported.

In the UK, analysts expect sales on Friday to have topped last year’s 1.9 billion pound, with people hunting for discounts ahead of an expected rise in prices next year.

“The Black Friday promotions at the end of November are the start of a longer, more drawn-out peak season, which begins with most of the activity online and then moves in-store as we get closer and closer to Christmas day,” said Richard Jenkings, data analyst at credit reference agency Experian. (IANS)

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Thanksgiving Day Across the World

Thanksgiving Day is celebrated across the world and for each country, it has its own tale and tradition around food and days.

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Thanksgiving Day celebrations
Happy Thanksgiving Day, Wikimedia Commons

Thanksgiving Day. The name stands for itself as the day to give thanks and is celebrated as a national holiday in many countries like United States of America, Canada, Netherlands, Philippines, Grenada, Liberia while similarly named festival exists in Germany, Japan, and United Kingdom.
Thanksgiving holiday remains a day to give thanks at the close of the harvest season.

America
The official date for the American Thanksgiving that exists today was set by President Roosevelt to be on the fourth Thursday in November instead of the last Thursday in November as decided by President Lincoln as thanksgiving date.
But their thanksgiving is surrounded by a debate over the nation’s first celebrations and the two places embroiled in this debate are New England and Virginia as both the places provide certain proofs of being the spot for nation’s first celebrations for Thanksgiving.

Canada
Canadian Thanksgiving tradition is celebrated in the true spirit of giving thanks at the close of the harvest season. It is believed that due to the geographical differences from the USA, Canada’s Thanksgiving arrives on the second Monday in October as that is the close of their harvest season.

But in countries like Liberia, Netherlands, and Grenada, it is not just a day to give thanks at the close of the harvest season.

Liberia
In Liberia, Thanksgiving holiday is celebrated to mark the freedom from black slavery by the U.S.A. The Thanksgiving day’s date remains on the first Thursday of November and has been a tradition since 1820.

Netherlands
Netherlands celebrate thanksgiving to mark to commemorate the Pilgrims who had migrated and became residents of the city of Leiden and died at Pieterskerk. To commemorate the hospitality, the thanksgiving, a non-denominational Thanksgiving Day is celebrated as the same as American Thanksgiving Day’s morning.

But there are some countries like the Philippines where the tradition of Thanksgiving only arrived with the Americans due to it being an American colony in the early 20th century but the tradition of Thanksgiving there had seemed to die down.

Food:
The American Thanksgiving seems to dominate the Thanksgiving menu when it comes to this holiday. Their famous turkey, stuffing, cranberry sauce, gravy, pies, mashed potatoes, and yams are signature dishes related to this day.

Black Friday:
Not only food, American Thanksgiving has also made Black Friday, an informal day following the Thanksgiving Day to mark the beginning of their country’s Christmas season sales and it has been in the history books since 1952 such that it has become a tradition of its own now.

Thanksgiving Day remains an occasion for many families to get back together and celebrate this holiday in the spirit of one while giving the rise to the excitement of upcoming Christmas also which remains barely a month away from Thanksgiving day.

Samridhi Nain is a student of Philosophy (Hons.) from University of Delhi.

 

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Apple losing out AI race to Google, Amazon: Report

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Apple
Apple losing out AI race to Google, Amazon: Report

November 3, 2017, 10:32 IST: Essentially a hardware-focused firm, Apple is falling behind in the Artificial Intelligence (AI) race with Google and Amazon racing ahead while embracing the open-source and collaborative approach in the emerging field of AI, Fortune reported.

According to Mohanbir Sawhney, McCormick Foundation professor of technology at the Kellogg School of Management at Northwestern University, sheets of glass are simply no longer the most fertile ground for innovation.

“That means Apple urgently needs to shift its focus and investment to AI-driven technologies, as part of a broader effort to create the kind of ecosystem Amazon and Google are building quickly,” Sawhney wrote in Fortune.

According to him, Apple has reached its peak with “super premium” iPhone X and “does not represent the beginning of the next 10 years of the smartphone, as Apple claims”. Apple launched the iPhone X globally. Players pursue innovation along a vector of differentiation until the vector runs out of steam.

“When that happens, the focus of innovation shifts to a different vector and new market leaders emerge. We have seen this pattern several times in mobile phone innovation over the past three decades,” Sawhney said.

he vector of differentiation is now shifting from hardware to AI and AI-based software and agents.

“As AI-driven phones like Google’s Pixel 2 and virtual agents like Amazon Echo proliferateaToday’s smartphones will likely recede into the background,” he stressed.

Google Pixel phones offers great photo-enhancement features and deeper hardware-software integration driven by AI-based technology. The second edition of Pixel features 5-inch display, 4GB RAM, 12MP rear and 8MP front camera, and 2,700mAH battery. Google will bring Pixel 2 XL (6-inch display) into the Indian market from November 15 onwards.

The Amazon Echo enables natural conversations through the Alexa virtual agent.

“Apple has only to look at Motorola, Nokia, and Blackberry to understand how quickly a leader can fall from the peak in this market, and do its best to avert this outcome,” Sawhney added. (IANS)

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Con man in Delhi Duped Amazon for over Rs. 50 Lakh; Arrested by Delhi Police for Fraud

Shivam, a resident of north-west Delhi’s Tri Nagar, holds a degree in hotel management. However, he chose to use all his management skills to con the commercial giant, Amazon

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Amazon logo. Wikimedia

New Delhi, October 11, 2017 : Leading e-commerce portal Amazon was taken for a ride by a 21-year-old youth who is said to have duped the company for over 50 lakh.

As per the police, the accused, identified as Shivam Chopra, bought over 166 expensive mobile phones via the online e-commerce store Amazon and consequently demanded refunds claiming he had received an empty box.

Shivam, a resident of north-west Delhi’s Tri Nagar, holds a degree in hotel management. However, he chose to use all his management skills to con the commercial giant, Amazon.

A complaint registered this year on behalf of Amazon Seller Services Private Limited first raised eyebrows in June when it was revealed that refunds had been claimed for as many as 166 mobile phones that had been ordered between April and May, on the claims that the delivery packages were empty. Suspicion gathered momentum when it was further revealed that payments for all these 166 mobiles were made through gift cards.

Allegedly, Shivam would use different customer accounts (reports suggest he used 48 different accounts) to place orders of expensive phones on Amazon and would provide the portal with a false address. He would then speak with the delivery associate and collect his order at a mutually decided place within the locality. Consequently, Shivam would then place complaints with Amazon, claiming that he had received an empty package and would demand a refund.

Subsequently, refunds were initiated in the form on gift cards.

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Following an enquiry, a case was registered with the Delhi Police in August.

The accused was then identified with the help of Amazon’s delivery persons, and the locals and by tracing the multiple numbers that were used to place the orders and Shivam was arrested on October 6.

According to the police, Shivam allegedly also purchased 150 pre-activated SIM cards to place the orders from different numbers. His accomplice in the con, Sachin Jain, has also been arrested, who helped provide him the SIM cards.

As per a report by PTI, upon investigation, the Delhi Police recovered 19 mobile phones from Shivam’s house. It was revealed that he had sold all other devices to buyers in the notorious Gaffar Market, or on the online marketplace OLX. The police also recovered Rs 12 lakh in cash, 40 bank passbooks and cheques from his house.

An Amazon India spokesperson later thanks ed the Delhi police for their services in an official statement and added, “We continue to work closely with the Delhi Police and thank them for all their efforts in the investigation.”

An ordinary guy who duped an e-commerce website and claimed refunds running into lakhs of rupees – the case is not a first of its kind. Previously, con-men had been arrested for duping rival e-commerce website FlipKart. However, what is peculiar is how no action has been taken to keep such frauds at bay and these cases continue to suffer.