It appears shoppers may have heeded the Reserve Bank’s warning to curb spending, as Black Friday discounting failed to deliver record sales this year. The modest amount spent during Black Friday confirmed that shoppers were looking for bargains as the economy tightened up, Harford said. Reserve Bank governor Adrian Orr urged consumers to stop spending in a bid to avoid a recession. Retail commentator Chris Wilkinson said he believed wet weather on Saturday and downpours on Sunday had negatively affected retail sales. BRUCE MACKAY/Stuff Shoppers spent less on big-ticket items this Black Friday.

Source: Stuff November 27, 2022 23:11 UTC