Asda has announced it will not be taking part in this year’s Black Friday discount day.
The Leeds-based retailer is widely credited with introducing the Black Friday concept to the UK two years ago – Walmart, its owner, is a big player in the Black Friday sales in the US.
But now, Asda claims that “shopper fatigue” has set in “around flash sales on big-ticket, non-essential items at Christmas”.
“The decision to step away from Black Friday is not about the event itself,” said Asda’s chief executive Andy Clarke.
“Over the last two years we’ve developed an organised, well-executed plan, but this year customers have told us loud and clear that they don’t want to be held hostage to a day or two of sales.”
The retailer says it will instead be investing £26m in savings across the festive period.
Last week, Asda became the first major retailer to unveil its Christmas campaign.