Sales jump 16.5 per cent beating nearly all analysts expectations
According to Barclaycard, which processes a third of all spending in the UK, this year’s Black Friday event saw transactions valued jump 16.5 per cent and transaction volumes rise 7.2 per cent.
This is supported by reports from Springboard and other footfall analyysts suggesting footfall also jumped between 3 and 6 per cent compared to the same day in 2018. Springboard predicted a 4.5 per cent drop in footfall for the big shopping day.
Rob Cameron, CEO of Barclaycard Payments said: ““It was an outstanding Black Friday, especially compared to last year’s record breaking result. We saw strong sales, with transaction value up 16.5 per cent compared to last year.
“Total volume of transactions over the day were also up 7.2 per cent, showing that in a tough economic climate, once again Black Friday has continued to be a fantastic opportunity for retailers and consumers.”