Crises cloud Black Friday and Cyber Monday

November 21, 2022

Every second German wants to spend significantly less than before due to economic worries

Double-digit inflation rates, skyrocketing energy prices and fears of a recession are lowering the willingness of every second German to spend on the upcoming shopping discount days Black Friday (25 November) and Cyber Monday (28 November). This is the result of a benchmark study by strategy consultants Simon-Kucher & Partners (

Many Germans cautious

While 41 percent and 49 percent of the respondents, respectively, would like to spend less money on the two days, only 14 percent plan to increase their corresponding expenditures. In an international comparison, consumers are clearly more cautious. Globally, just under a quarter of those surveyed plan to increase their spending this year.

Despite consumers’ reduced willingness to spend, participation in the two excessively advertised promotional events remains a must for retailers, according to the survey. More than 80 per cent of consumers want to make purchases on Black Friday, while on Cyber Monday it is still over 60 per cent of consumers, it says.

Nothing works without an instant discount

64 percent of consumers expect an instant discount, either as an absolute or relative price reduction. Consumers also have very clear ideas about the amount. In general, discounts of between 20 and 30 percent are expected. On the other hand, promotional mechanisms such as volume discounts or discounts on the next purchase, which reward additional purchasing activities, are hardly valued by many.

Related Articles

Construction and industry find it difficult to obtain loans

Construction and industry find it difficult to obtain loans

Ifo Institute survey for June shows increase in banks' reluctance to lend It is not only the order situation for construction and industry that remains difficult, but also financing. According to a new survey by the ifo Institute (, 27.1 per cent of...

Share This