Australians like to shop. E-commerce alone has become a $27.5 billion annual industry in Australia – and that trend is growing at a 24.4 per cent year-on-year rate.
Sitting atop the ever-growing mountain of sales periods is the weekend of Black Friday (29 November) and its newer counterpart Cyber Monday (2 December). They’re part of a frenzied American tradition that has, in recent years, made its way across the Pacific to become Australia’s largest e-commerce shopping week. In fact, retailer Cotton On have previously predicted that there sales will increase 10-fold on the shopping weekend.
There are downsides to all this shopping, though. Among them is fast fashion – cheap textile ephemera that’s leading to an unprecedented waste epidemic in Australia. These days, you can buy a $4 cotton t-shirt that uses 2,700 litres of water to produce. And it turns out that 1.7 million Australians buy a pair of jeans over any given fortnight, much of which eventually contributes to the 500,000+ tonnes of clothing that ends up in landfill every year. On top of these sustainability concerns, there’s also the personal cost. On average, Australians spend $243 per week on retail goods – a figure that adds up quick.
If you feel the need to slow down your spending this Black Friday, here are five handy tricks to resist buying on impulse for the sake of the sale.