European retailers downbeat despite Black Friday boost

By Maria Sheahan, Toby Sterling and Alvise Armellini

28 Nov 2022 · 2 min read

Berlin/Amsterdam/Milan - Europeans snapped up smartphones, Christmas decorations, sweaters and jewellery during a surge in shopping over the Black Friday weekend, though prospects for the festive season remained gloomy, retailers said.

A survey of 400 businesses by Germany's HDE retailers' association showed just over half of merchants said they were still dissatisfied with sales last week, versus some 30% who were satisfied.

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