"The Shopping for Christmas Report: Black Friday Weekend by VoucherCodes.co.uk reveals retailers are set for a Black Friday bonanza with sales over the weekend (28th Nov - 1st Dec) set to hit £9.52bn - that's 4.2% more than last year. With three-quarters of shoppers expecting to spend more or the same as last year (76%), Black Friday itself will see sales rise 5.7% year-on-year, giving retailers an extra £0.18bn in their bank accounts."
"Whilst Black Friday is set for the biggest sales uplift, Cyber Monday is expected to see the highest sales figures over the weekend at £3.38bn - that's a rise of 1.7% YoY and a rebound from the 1.7% decline seen last year. Over the Saturday and Sunday, a more modest £2.78bn will be spent both online or in-store (+5.4% YoY.)"
Retail spending over the Black Friday weekend (28 Nov–1 Dec) is forecast at £9.52bn, a 4.2% increase year-on-year. Black Friday sales alone are expected to rise 5.7% YoY, contributing an additional £0.18bn. Cyber Monday is predicted to post the highest single-day sales at £3.38bn, up 1.7% YoY, while Saturday and Sunday will generate about £2.78bn combined. Online channels will capture the majority (53.9%) of Black Friday spending, producing £5.13bn. Brick-and-mortar stores will still receive £4.39bn, with a 2.4% YoY uplift and notable in-person traffic on Cyber Monday. Consumers remain price-savvy and comparison-driven.
Read at London Business News | Londonlovesbusiness.com
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