aA
Black Friday, one of the biggest sale campaigns across the Western world, will be slightly different this year in the Baltics due to COVID-19 restrictions, but still as intense as ever. According to the payment processor Paysera, the volume of e-commerce on the previous, ordinary, weekend has already exceeded the sales of last year’s Black Friday weekend. Thus, residents in the Baltics are expected to spend approximately 50–60% more money online on the last weekend of November than the previous year.
Juodasis penktadienis
Juodasis penktadienis
© Shutterstock

“Even though physical stores remain open during the current quarantine, most preparation for the weekend of promotions is done online. And this is no surprise. The outbreak of COVID-19 has facilitated a transition to e-commerce and e-payments at a speed we had not previously witnessed during our 16 years in business. Already on the second weekend in November, we recorded a higher overall turnover in the Baltic e-shops than on the Black Friday weekend in 2019,” says Marius Pareščius, Vice President of the payment operator Paysera, which helps to collect buyers’ e-payments for the majority of Lithuanian e-shops.

The online payment processor has calculated that during the Black Friday weekend in 2019, buyers spent approximately 55% more money in Baltic e-shops than in 2018. Similar growth is expected on the upcoming weekend.

“We expect that the growth in the Baltic e-shops this year will be similar and will reach 50–60%. There are several reasons to think that. First, the number of offers to buy online will be much higher because, this year, thousands of small merchants have opened their e-stores or started their trade in the Marketplace. Second, people will spend more money on purchases because they spend less on vacation and leisure. And third, during this sensitive period, the process of buying and unwrapping a purchase from its packaging simply feels good,” claims M. Pareščius, and adds that a sudden increase in the number of goods to be delivered still remains a challenge for courier companies, and therefore it is likely that some of the goods will be delivered later than the agreed time.

Marius Pareščius
Marius Pareščius
© Asmeninio archyvo nuotr.

The market leader Pigu.lt also predicts a growth in e-commerce and record sales. Ernestas Kačerauskas, the company’s head of marketing, states that this should be the biggest Black Friday in the Baltics. According to him, over 1,200 merchants alone, which have supplemented the range of over a million goods with an additional 200 thousand goods, are ready for trade in the online shopping centre owned by the company.

“In spring, at the very peak, we recorded an approximate 80 per cent increase in sales at Pigu.lt. Sales also grew in Latvia and Estonia. This Singles’ Day (11 November) alone has surpassed last year’s Black Friday in all numbers – customers, goods, and sellers. We have calculated that our e-commerce platform customers in the three Baltic states purchased over 50 thousand goods that day. It is clear that the upcoming Black Friday will be a record one. We and hundreds of shops in our shopping centre will pull out their best offers for customers,” E. Kačerauskas, head of Pigu.lt marketing, shares his predictions.

DELFI EN
It is forbidden to copy the text of this publication without a written permission from DELFI.

Delfi’s Lie Detector – the best fact-checking success story in Europe, to be introduced at international Facebook event

Delfi team from the project Lie Detector , which fact-checks the content distributed on social...

Grigeo Klaipeda faces fine up to EUR 5 mln

A year after Grigeo Klaipeda, a Klaipeda-based cardboard producer that is part of the Grigeo group,...

Minister says temporary economic difficulties due Belarus sanctions 'justified'

Lithuanian Economy and Innovation Minister Ausrine Armonaite says that temporary economic difficulties...

US institutions' probes of commercial banks come into Lithuanian lawmakers' focus

Lithuanian lawmakers vow to look into the situation around US institutions' alleged investigations...

MP: Belarusian spa's workers must understand the risks

Employees of Belorus, a Belarusian state-owned spa whose bank accounts have been frozen due to EU...

Top news

First month in office of new government: who garnered most media

Health Minister Arunas Dulkys garnered the most media attention in the first month in the office of...

Lithuania registers 13 pct more deaths in 2020

Lithuania registered 13 percent more deaths in 2020 than in 2019, the country's statistics office said...

Four-week Pfizer/BioNTech vaccine shipments cut in half

Pfizer and BioNTech, manufacturers of a COVID-19 vaccine, have cut in half the shipments of vaccine...

Christopher Jasper, Justin Bachman, Charlotte Ryan and Will Davies | D+

Airlines try ultra-cheap fares to get the world flying again

The nightmare year of 2020 brought the airline industry’s first decade of sustained profitability to...

Presidential adviser: Lithuania goes back to idea of developing long-term strategy on Belarus

Foreign Policy Coordination Council under the Lithuanian presidential office has proposed going back...