Black Friday Becomes Less Popular In The UK

Consumer interest in Black Friday sales is declining in the UK, two years after the post-Thanksgiving retail event was introduced in the country. Wal-Mart Stores Inc.’s local business unit Asda said it would not offer discounts on major products on November 27, 2015. Instead, the retailer said it plans to invest £26 million to offer lower prices during the holiday season. Asda’s move highlights Black Friday’s unsuitability for the local retail industry, according to some market analysts.