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France Postpones Black Friday to Quell Shopkeeper Rebellion

Summary:
Claim: "Amazon is Stealing Business"Solution: Postpone Black FridayBlack Friday, the U.S. import that has been embraced by European retailers as the quasi-official kickoff to the Christmas shopping season, will be delayed by a week in France, to Dec. 4, after the government wrested an agreement from Amazon and the country’s biggest retailers to delay their discounts. The move is intended to level the playing field for booksellers, clothing shops and “nonessential” businesses that were forced to close their doors on Oct. 30 after a second national lockdown was imposed, propelling consumers to online sites, including Amazon.In France, the episode has ignited a fresh backlash against the American online giant. Since it arrived in 2000, Amazon has become a favorite in France, capturing nearly

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Claim: "Amazon is Stealing Business"

Solution: Postpone Black Friday

Black Friday, the U.S. import that has been embraced by European retailers as the quasi-official kickoff to the Christmas shopping season, will be delayed by a week in France, to Dec. 4, after the government wrested an agreement from Amazon and the country’s biggest retailers to delay their discounts.

The move is intended to level the playing field for booksellers, clothing shops and “nonessential” businesses that were forced to close their doors on Oct. 30 after a second national lockdown was imposed, propelling consumers to online sites, including Amazon.

In France, the episode has ignited a fresh backlash against the American online giant. Since it arrived in 2000, Amazon has become a favorite in France, capturing nearly half of online spending in 2019. During the most recent lockdown, sales in France jumped nearly 50 percent from a year ago, the company said.

Amazon Free Christmas

The mayor of Paris, Anne Hidalgo, and environmental organizations and trade groups, circulated an online petition titled “Noël Sans Amazon” (“An Amazon-free Christmas”). Addressed to Santa Claus, it commits signatories to a “#ChristmasWithoutAmazon,” which is described as a tax-dodging Grinch that destroys small businesses, jobs and the environment.

The virtual call to arms, however, quickly fell victim to an online hack that overloaded the website with fake signatures sent from over 200 different servers, including hundreds in the name of Jeff Bezos, Amazon’s chief executive, with the comment “Sorry, not sorry, Jeff.”

Thanksgiving in France

Black Friday is the day after Thanksgiving.

Here's something to ponder from FrenchToday.

Not only France doesn’t celebrate Thanksgiving, but the majority of French people don’t have a clue about what Thanksgiving is, and how important it is a celebration for our friends to the West.

At least the French understand Christmas even though “Noël Sans Amazon” rates to be a total flop.

Mish 

 

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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