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4 December 2020

Black Friday social media buzz

2020 saw a marked increase in social media interest around Black Friday

This article was originally published in Retailing Africa

By Helen Blaine

Black Friday in the South African context has notoriously left a bitter taste in consumers’ mouths. Retailers have been named-and-shamed on social media for alleged price-hiking ahead of the biggest retail trading weekend of the year. With the pandemic and a bleak outlook for the economy, the questions stand: How did our supermarket retailers approach Black Friday 2020?

The retail landscape has changed significantly since lockdown began in March, as stores have had to migrate their businesses online or launch online alternatives to their physical stores. The digital retail space is now flush with choice and the battle for consumer attention has only just begun. Based on social media data collected through the BrandsEye platform, it is evident that Black Friday 2020 was marked by increased digital advertising from major supermarket retailers. Each retailer promoted its own iteration of early Black Friday deals, with many spanning the month of November. Perhaps the goal was to evenly spread in-store foot traffic over the month rather than concentrate it into one day, or it was to entice the customer throughout the month. What we do know is that longer campaigns often require bigger budgets and a comprehensive spend strategy, especially when the market is as saturated as it is.

The volume of social media consumer conversation relating to Black Friday increased by 39% compared to 2019, and this conversation experienced a positive shift in consumer sentiment.

black frrday sentiment comparison

This increased traction on social media was largely because retailers had expanded their Black Friday scope, thereby creating an opportunity for consumer feedback. It is interesting to note that a larger proportion of Black Friday conversation was positive, as fewer consumers criticised the specials in comparison to last year. Social media authors were also quick to recommend specials in the run-up to the week of Black Friday, particularly online grocery specials. Conversely, consumer sentiment towards retailers’ Black Friday specials in 2019 was largely negative.

Black Friday 2020 had a slower but more sustained interest from consumers, as opposed to previous years’ short-lived onslaughts. When plotting the volume of conversation over time, differences are evident between the two years. Consumer mentions spiked on 29 November in 2019, Black Friday day; and then tapered off significantly into the weekend. In 2020, we see conversation peak a week in advance, aligned to retailers promoting early Black Friday deals. Conversation on Black Friday day, 27 November 2020, was significantly less than the year prior.

black friday volume chart

Historically, Black Friday has been marked with increased in-store activity on the day, with viral tweets showcasing stampedes and outrageous queues. Early evidence shows a shift in 2020, with a marked decrease in shoppers in store. Social media sentiment and conversation trends related to Black Friday has shifted significantly compared to 2019. The increased supply in specials, spread out over the month, both in-store and online, has resulted in consumers having the luxury of choice. The rush to purchase items over a day or weekend in-store did not apply this year, possibly reducing anxiety and frustration from consumers. BrandsEye data shows that price-conscious consumers had the time, options and multiple channels to capitalise on Black Friday specials. Black Friday is built around the concept of scarcity and urgency; once the veil is removed and the accompanying negativity dissipates, we see positive sentiment gains for the retail industry.

Helen Blaine is an Insights Analyst at BrandsEye. Helen has a background in both digital marketing and data analytics, with a keen interest in the retail industry. BrandsEye is a data technology business that combines AI and crowdsourcing to analyse social media conversation at scale.

Access more of our social sentiment retail research here.

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