The annual shopping event known as Black Friday falls on November 28 this year, though many sales have already begun. Once a single-day discount following Thanksgiving in the U.S., it has expanded into a week-long sales festival across stores and online, now reaching countries like Australia.
The Australian Competition and Consumer Commission (ACCC) has alerted retailers that it will be monitoring for misleading sales practices during this period. Retailers caught using deceptive conduct may face severe financial penalties.
The consumer watchdog announced it would be watching out for various kinds of misleading sales conduct that can be used to trick consumers.
Despite the allure of bargains, shoppers should remain cautious. Understanding these tactics helps avoid being misled during the sales rush.
The ACCC noted that misleading sales practices tend to increase significantly during major shopping events.
Author's summary: Consumers should be vigilant this Black Friday as watchdogs monitor numerous deceptive sales tricks, including fake urgency and fine print traps.