4.5 • 834 Ratings
🗓️ 25 November 2021
⏱️ 34 minutes
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0:00.0 | Hello, I'm Mary Portis and this is The Kindness Economy, a podcast that looks at the new values driving the businesses of tomorrow. |
0:08.0 | People, planet and profit in that order. It's the future. Are you ready for better? |
0:15.9 | It's the most wonderful time of the year tomorrow. Not. Black Friday, the apex of consumerism. |
0:24.6 | Quite frankly, it's one of the most depressing days of the year for me and this comes from a woman |
0:29.0 | who loves retail and actually enjoys great shopping. This isn't great and not least for smaller |
0:36.3 | retailers. |
0:45.2 | Because at the heart of this, this is businesses trying to sell us a lot of stuff that we don't need. Or add to our life in a real or meaningful way. |
0:49.6 | And because it's about shifting stuff, there's lots of sometimes nefarious ways to make you believe |
0:55.3 | that you're getting a deal. |
0:57.1 | Listen to this. |
0:58.1 | Last year, which investigation revealed that 98% of the discounts advertised the previous |
1:04.6 | year were available for the same price or cheaper in the six months after the sale. Yes, you heard that 98%. But nevertheless, |
1:15.6 | we just can't see him to get enough of Black Friday, which has created a sales juggernaw, |
1:20.7 | with many retailers feeling they have to jump on the barrel because, well, everyone else is going |
1:26.4 | over the cliff. And we know, and I know, having spoken to so many of them, the hardest hit are the small |
1:34.3 | and the medium-sized businesses. Those retailers who can least afford to cut prices, they buy in stock |
1:41.3 | and they put themselves under this huge financial and logistical stress |
1:46.3 | because they're expected to take part in this wonderful shopping holiday. |
1:52.5 | Oh, this imported shopping holiday. |
1:55.7 | Look, I've got nothing against well-thought-out promotions. |
1:58.3 | And I also know that sometimes money is tight and it's |
2:01.5 | bloody difficult to resist a promotion. But here's the problem. We are plunging ever deeper into an |
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