Amazon Under Pressure in France Postpones Black Friday




A recent import from the US, spurred by retail giant Amazon, Black Friday has been postponed by the French government. Although the rest of the world doesn’t celebrate Thanksgiving, Black Friday, the sale that follows this American holiday, has spread across the UK, Europe and other countries.


Small retailers worldwide, especially in France, are angry with Amazon’s tight grip and soaring revenues through online sales with huge discounts while they pay taxes and have to remain shutdown due to the spread of COVID-19.


The government has announced the delay of Black Friday and holiday discounts to December 4, 2020 to give small retailers of non essential goods a level playing field.


“Let us open or we will die,” Yohann Petiot, the director general of France’s Alliance du Commerce, told government officials.


Stores “will be able to open as soon as health indicators improve,” Prime Minister Jean Castex said on Friday.


The Mayor of Paris Ann Hidalgo, trade activists and environmentalists circulated an online petition “Noel Sans Amazon” ( Christmas Without Amazon). Addressed to Santa Claus it describes Amazon as a tax dodging Grinch who destroys jobs, small businesses and the environment.


It remains to be seen if pushing back online sales will have an effect on small time retailers though it will give them some time to set up websites and online sales options. The pandemic has been a windfall for giant retailers including Amazon and Walmart while sweeping away small retailers.


Source NY Times

Follow us on Google news for more updates and News


This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.