" ITREALMS: Black Friday
Showing posts with label Black Friday. Show all posts
Showing posts with label Black Friday. Show all posts

Wednesday, October 24, 2018

Black Friday: An insult to Africans? - ITREALMS

MidWeek Commentary@ITREALMS
Be original. That's my best advice. You're going to find that there's something that you do well, and try to do it with as much originality as you can, and don't skimp on the words. Work on the words – Bob Seger.
Consumerism is the engine of our contemporary society. It drives the ambitions of 21st Century businesses and large corporates, resulting in a massive all-out assault on the senses of the consumer. By feeding into the frenzy associated with the acquisition of goods and services in ever-increasing amounts, businesses continually re-invent the cycle, creating a culture of consumption that keeps the global economy ticking.

Indeed, as Bernard Mandeville argued in his influential work Fable of the Bees in 1714, a country's prosperity ultimately lies in the self-interest of the consumer. This school of thought, controversial as it may have sounded back then, paints a realistic picture of the current state of affairs in the 21st Century.

Today, advertising is perhaps the biggest promoter of consumerism.

In the current age of information overload, one in which a variety of eye-catching goods and services are marketed through a multiplicity of intrusive channels and media, the average consumer’s life is perpetually in need of some product, an upgrade or a switch to a better existence. Worse still, there is an increasingly growing tendency to not only push the consumer to the point of distraction with the deluge of promotional contents, but to get him to accept alien shopping traditions, messages and cultures as a result of the global influence of consumerism.

This trend finds deeper relevance in the concept of emulation, widely regarded as a major plank of latter-day consumerism. The poor attempt to emulate the rich; the rich look up to the stupendously wealthy; modern consumers react positively to celebrity endorsement as a measure of emulating or aspiring to the perceived lifestyle or status of public figures and, more to the point, native consumers are force-fed largely alien or foreign shopping ideas that find no relevance in their cultural realities.

What does Black Friday mean to a native African or Nigerian?

To begin with, the term has no local significance but has its origins in a foreign tradition. Put differently, Black Friday represents another form of neo-colonialism; a repudiation of what makes us African and a wholesale acceptance of the sub-texts of another man’s culture without any form of questioning.

An informal name for the day following Thanksgiving Day in the United States, the fourth Thursday of November, which has been regarded as the beginning of the country's Christmas shopping season since 1952, Black Friday – as a term – only began to assume widespread recognition around the early 2000s. The earliest evidence of the application of the phrase Black Friday to the day after Thanksgiving in a shopping context suggests that the term originated in Philadelphia, where it was used to describe the heavy and disruptive pedestrian and vehicle traffic that would occur on the day after Thanksgiving. Indeed, alternative history indicates that the first recorded use of the term – Black Friday – was applied not to holiday shopping but to financial crisis and the crash of the U.S. gold market on September 24, 1869. As the phrase became more widespread, a popular explanation became that this day represented the point in the year when retailers begin to turn a profit, thus going from being "in the red" to being "in the black.

Today, many Nigerians who have little or no idea of the associated meanings or etymology of the term – Black Friday – glory in the consumerism-driven fever which advertising has helped entrench in the minds without paying heed to how the term came about.

When an entire people lose their way and emulate culturally-alien concepts, there should be a conscious effort to query the norm, to ask questions and to customize these imports to suit native circumstances or existential realities. Little wonder the famous Greek philosopher Socrates quipped: “The unexamined life is not worth living.”

Presently, Black Friday is widely regarded as the busiest shopping event of the year, with research indicating that, spending on Black Friday 2017 raked in $7.9 billion in online sales (up 17.9% from 2016) while a whopping $700 billion was recorded throughout the November – December period, a 5.5% rise from 2016.

Perhaps, we would be better off looking inwards for a more fitting term, an original word to situate our acceptance of the annual celebration of global consumerism.

None comes to mind better than what Konga, a Nigerian e-commerce giant, has done with the term – Yakata.

Yakata, in the local Nigerian parlance, means crashing. In other words, the term is used to signify what the annual shopping fiesta has come to represent to the brand and its numerous patrons: a time to crash prices and offer consumers best deals on a wide range of goods and services.

Rather than slavishly ape an alien concept – which Black Friday remains despite the global phenomenon it has become – Konga has given us a refreshing variation on the theme by re-christening it Konga Yakata. Interestingly, Konga has also gone beyond just jumping on the Black Friday band-wagon to actually making it a sales event worth participating in.

Konga Yakata, as an original term finds more relevance with Nigerians and Africans, is indigenous and most importantly, lends a proudly local flavour to what is a very important shopping activity in the annual calendar. Through it, Konga has managed to do what other e-commerce companies have been unable to do: take a foreign concept, adapt it our local circumstances and weave/build a solid original structure around it which every patriotic Nigerian shopper should be proud of.






*Contributed by Robert Flynn, an e-commerce researcher from New Jersey, resides in Abuja.




ITREALMS ... everything news digitally!

Friday, November 24, 2017

Nigerians readiness for Black Friday, Cyber Monday

November 24 – the date for this year’s Black Friday – is here today. Considered the unofficial beginning of the December shopping season, it will be followed by Cyber Monday. Together, these dates offer major sales opportunities for Nigerian retailers, both online and bricks-and-mortar.

While sales are expected to increase during this time as retailers try to capitalise on the annual tradition of frenzied buying, there are a number of areas to troubleshoot to prevent retail disasters.

For bricks-and-mortar retailers, challenges include crowd control is ensuring their tellers stay online. For online retailers, their priorities lie in the need to prevent overcrowding on their servers, system crashes, and orders getting lost in cyberspace.

One critically overlooked value driver in the retail mix is skilling their employees with basic network system skills, says Alfie Hamid, Regional Manager for Corporate Affairs for Cisco Africa. “Many retailers have missed empowering their own workforces with, for example, digital collaboration tools, real-time customer insights, and virtual assistance. A workforce that is armed with relevant knowledge and insights is also essential to improving the in-store customer experience, a key differentiator for bricks-and-mortar retailers over their online rivals,” says Hamid.

According to research from Cisco, employee productivity technologies can deliver the greatest value for increasing efficiency, optimising the checkout process and improving worker collaboration. Investments in these areas also contribute to improved shopper experiences and increased loyalty. Just 6% of retailers’ 2016 investment priorities were focused on employee productivity use cases, despite research indicating that use cases deliver the greatest return on investment for retailers; in other words, digitisation is a $187 billion (roughly R2,6 trillion) opportunity, according to Cisco.

“The key initiatives that improve employee productivity all rely on a network that understands how people interact, can be customised easily, and can control access irrespective of the device that the employee is using – all things that today’s retail employees demand,” Hamid says.

In retail, investments in workforce digitisation deliver value to operations, the labour equation, and talent retention. Since all of these support new and compelling customer experiences, digitising the workforce enables a value chain that is critical to retail success.


“A focus on technology investments that empower employees takes on a whole new meaning in Nigeria, which already struggles to overcome education and training challenges,” Hamid says. “With digitisation, companies have an opportunity to improve skills across the board in the retail industry, which will contribute hugely to the growth of the country’s economy, whether on Black Friday or throughout the year.”

ITREALMS ... everything news digitally!

Black Friday: Yudala records unprecedented spike in online traffic

The Nigeria’s pioneer online and offline e-commerce company, Yudala, has declared recorded an unprecedented spike in online traffic following the proclamation on Black Friday, as at mid night, reports ITRealms.

The company confirmed to ITRealms that Nigeria shoppers were eager to take their turn at the company’s website, from midnight to be the first to take advantage of the company’s Black Friday offers, describing the traffic as unprecedented.

This year’s edition of Black Friday, a globally celebrated shopping festival, is being marked officially today, Friday November 24th, 2017.

Insights garnered from the shopping activity on the Yudala website show that online traffic on www.yudala.com commenced a steady spike from 11:49pm on Thursday night as early bird shoppers began to lay in wait for the official commencement of the Black Friday midnight rush for deals.

From 12am, traffic on the Yudala website had grossed over 50,000 hits, with shoppers who placed their orders between the hours of 12am – 1am enjoying an additional incentive of free shipping of their orders nationwide. Furthermore, Yudala had made available over 500,000 Early Bird deals on its website for shoppers who place their orders between the hours of 12am – 11:59am today, Friday November 24th.

Prince Nnamdi Ekeh, Vice President at Yudala disclosed that the company was determined to make it a memorable Black Friday for its teeming customers.

“If you are yet to visit the website www.yudala.com, now is the time to do so.  We had Mystery Products up on the website from 12am at 99% off so, from midnight on Friday, we were already processing loads of orders from shoppers who were taking advantage of our early bird deals. Electronics, mobile phones, home appliances, wines and groceries, consumer goods and computing products are among some of the most ordered items. Remember, the Early Bird Deals run till 11:59am today so there is still ample opportunity for many Nigerians to enjoy our unmatched offerings.

“If you miss the early bird deals, then you can take advantage of our Lunch Time Deals which runs from 12pm till 4:59pm today and if you fall into the class of those who prefer to do their Black Friday shopping later in the day, then you can enjoy our Sunset Deals from 5pm till 11:59pm. Also, shoppers who place their orders on the stroke of 11:11am or 12:12pm will get free tickets to the Yudala Christmas party.

“You also stand a chance to spin a wheel of fortune at six Yudala stores in Lagos today to walk home with a free gift. Simply visit any of the Yudala stores in Bode Thomas, Surulere; Admiralty Way, Lekki; The Palms Shopping Mall; Medical Road, Ikeja; Redemption Crescent in Gbagada or the one at Cherub Mall on Lekki-Epe Expressway to experience what Black Friday is all about, courtesy of Yudala.

“No other company offers you all of these mouth-watering options for Black Friday: best prices, mega deals and genuine products. With Yudala, You Live Well,” he concluded.

Interestingly, Yudala is also adding an extra dimension on social media for its walk-in customers.

For shoppers who find their way to the Yudala Experience Store at The Palms Shopping Mall in Lekki today, there is a unique opportunity to follow the “Make a wish” live feed on Instagram at the store.

Yudala has generated loads of frenzy on its Instagram live feed where the company is giving followers a chance to make a wish and see it fulfilled. Many lucky followers have won amazing freebies including laptops, mobile phones, electronics, shopping vouchers and other exciting give-away items through this medium.


*Admin@ITRealms

ITREALMS ... everything news digitally!

Monday, November 13, 2017

Black Friday: Yudala attracts massive turn-out, sells out @Festac, Trade Fair

Sponsored@ITREALMS:
Saturday November 11th witnessed a massive turn-out in Sara Stadium, Festac and Trade Fair Complex at Ojo Alaba as Yudala made it a weekend to remember for scores of enthusiastic shoppers who took advantage of the amazing deals in its Mega Black Friday promotion tagged 11/11-12/12.
Determined to ensure that the unreached and under-served members of the public get a chance to enjoy the 11/11-12/12 Mega Black Friday deals, Yudala had stormed both locations by 9am with truck-loads of genuine products from various categories including Home Appliances, Computing, Electronics, Mobile phones, Lifestyle/Consumer Goods, Power Solutions, Food, Wines/Spirits, among others.
It turned out to be an opportunity of a lifetime for thousands of residents in Festac, Satellite Town, Amuwo-Odofin, Agboju, Alakija, Ojo Alaba and environs to shop genuine products at best prices unmatched in the marketplace.
For Mrs. Toyin Moroundiya, a lecturer at the Lagos State University, it was a dream come true.
“In fact, I didn’t believe it at first when I heard about it. I just rushed over and actually it is real. The TV set I had in mind to buy was available here and it’s actually half the price. This is awesome. I think everybody should take advantage of it. Yudala is real,” she gushed.
Another shopper, Arinze Obi, could not hide his excitement after grabbing a number of bargain deals on various items.
“Honestly speaking, I am so excited. At first, I was planning to go to the market to get some items at home and my budget was about N300,000. At the end of the day, I spent just over N150,000 here and I was able to get virtually all I wanted to go out and buy in the market. Left to me, if I am the President of Nigeria, I will find a way to encourage Yudala because they are the only company giving the community what they want at very affordable prices and most importantly, what they sell is very good products, original products.”
He urged other shoppers to follow his footsteps in shopping wisely this season.
“My fellow Nigerians, what I will say to you is: get yourself prepared. Go to Yudala and get whatever you need for yourself at very affordable prices,” he concluded.
Also speaking after experiencing the Yudala 11/11-12/12 Offline Mega Black Friday train, Mrs. Philomena Mbah was effusive in her praises and prayers for Yudala.
“I was directed here by a friend. I was just prepared to get a phone but I just decided to try and see what Yudala is doing, so I drove down here. I was really surprised that Yudala could slash their prices. In fact, Yudala is the best. I had only wanted to shop for an iPhone but ended up buying so many lovely items from them and I am highly impressed. I’m so happy. I just wish they can keep on coming here and making people smile and happy. God will bless the company.”
Next Saturday November 18th 2017, it will be the turn of Agege and Ita Ilewa, Ikorodu to enjoy the Yudala 11/11-12/12 deals galore, with plans already finalized to storm both locations with a mobile store, two 40-feet trucks and buses loaded with eye-catching products and accompanied by dancers, music and digital entertainment.
The Yudala 11/11-12/12 Mega Black Friday which kicked off on Saturday November 11th will run until Tuesday December 12th 2017 online @ www.yudala.com and in every Yudala store nationwide.


ITREALMS ... everything news digitally!

Tuesday, November 07, 2017

Black Friday: Yudala showcases best prices for 11/11–12/12

Ahead of its Black Friday sales tagged 11/11-12/12 which runs from November 11th till December 12th, 2017; Yudala has boldly restated its status as the best source of guaranteed genuine products and best prices nationwide, with shoppers in line to enjoy millions of amazing offers and surprises all through the period.

Yudala 11/11-12/12, an annual promotion, will run online @ www.yudala.com and offline in every Yudala Store nationwide.

The much-anticipated promotion will offer Nigerians not only a huge assortment of genuine products sourced directly from the manufacturers, but also a bold promise of unmatched best prices nationwide.

 “Yudala 11/11-12/12 is the biggest Black Friday campaign to expect in Nigeria this year. We are not only assuring Nigerians of quality products which we are known for, but we are also offering real value for money with best prices nationwide. Best prices for genuine quality products, you cannot get that anywhere else but at Yudala. If you do, we will refund the difference, provided the product is genuine,” disclosed Prince Nnamdi Ekeh,  Vice President at Yudala.

“We are aware of the yearning of Nigerians, many of whom are tired of poor quality and sub-standard products on other platforms. Most of these disgruntled customers have never looked back after shopping with us.

“Yudala is widely renowned as the best source of genuine products nationwide. This is because we are perhaps the only e-commerce company in the country that can lay claims to having a clear quality products sourcing value-chain, as all our products are sourced directly from Original Equipment Manufacturers.  We have staked our reputation on this and we will never disappoint the millions of customers who have come to rely on us for quality.”

Yudala 11-11/12-12 promotion will witness a wide assortment of products across diverse categories including Home Appliances, Computing, Electronics, Mobile devices, Gaming, Lifestyle/Consumer Goods, Power Solutions, Food, Wines/Spirits, among others, with huge deals and unbeatable price slashes also expected.

Nigeria’s pioneer online and offline e-commerce outfit, Yudala captured the imagination of an entire continent during its first-ever online and offline Black Friday promotion in 2015, which saw the company make history with the drone delivery of the first order placed for its Black Friday sales, the first recorded instance on the African continent. The order for the item, a Nokia Lumia smart phone was placed by Yetunde Lawal, a staff of Access Bank Plc. who was shopping on the Yudala website for the first time.

Since that landmark feat, Yudala has not looked back on its mandate of delivering genuine products and services to its consumers –  a mission it has continued to fulfil with a series of innovative promotions including an on-going Master Brand campaign tagged  Yu Live Well.

ITREALMS ... everything news digitally!