Carnival Furnishers has confirmed that it has lined up a big promotion that customers should take advantage of for this year’s Black Friday event.
Black Friday is a day that most people get to buy goods and products at lower prices and that’s because a lot of shop owners sell their products and goods at deep discounted prices which could range mostly from 25 to 50%.
The year 2020 brought about a lot of economic challenges due to covid-19. Zambia’s economy has been negatively affected, starting from the over 60% Kwacha depreciation within one year with many retail outlets having been shut for a period of over three months.
A lot of business have been negatively affected and with growing sentiment among business owners that business will only pick up next year because they made huge losses this year. And it is for this reason that many people have been wondering if business owners will participate in this year’s black Friday.
In an exclusive interview with Zambian Business Time-ZBT, Carnival Furnishers Regional Manager Josei Kabir said that Carnival Furnishers has experienced challenges this year due to covid-19 and that they are doing everything possible to make up for the losses.
Kabir said that,” Carnival will be holding black Friday sells and that will help us to make up for the losses and running the promotions will also give us more exposer with the Zambian audience.”
In another exclusive interview with ZBT, Economic Association of Zambia – EAZ President Lubinda Habaazoka said that, it will be wise for business owners to hold black Friday sells because in that way, they will be able to get rid of old stock, and also make profit based on their economic scale because no business makes losses on black Friday.
Black Friday, which is an international retail sales promotion day has gained prominence even in Zambia over the years. Most local businesses have also joined to offer promotional prices, making the day special for retail businesses.
