Location was a major factor determining whether retailers won the custom of shoppers looking to benefit from Black Friday sales, according to the Malta Chamber of SMEs.

It noted that locations where large infrastructure projects taking place, such as Mosta which is undergoing extensive works to upgrade its village square and main road, were affected badly, while the windy and rainy weather meant shoppers favoured shopping malls. Indeed retailers in Malta and Gozo within shopping malls reported strong footfall from early hours last Friday.

Overall, the SME Chamber said feedback from retailers showed mixed results, with some reporting “very positive” results while others were met with decreased sales compared to Black Friday 2022.

The sectors most associated with Black Friday, such as electronics and appliances reported the best results this year, with most of them promoting offers throughout the month of November.

“The Malta Chamber of SMEs notes that Black Friday has once again shown that it’s one of the most important periods for business throughout the year.”

Economic uncertainty in Malta highest after EU accession, Gonzi’s last years, 2019 protests and pandemic – report

November 23, 2024
by Robert Fenech

A new Economic Policy Uncertainty index for Malta may be used as a leading indicator of household consumption

Maltese citizens granted visa-free access to China for up to 30 days

November 22, 2024
by Nicole Zammit

Deputy Prime Minister Ian Borg hailed the agreement as a testament to the strong bilateral ties between the two nations

1,343 sex workers add €24 million to Malta’s economy – NSO

November 22, 2024
by Robert Fenech

The number of street prostitutes plummeted between 2010 and 2022, but the number of escorts advertising their services online ballooned