Monday 28th November, 2022
Data from Barclaycard Payments, which processes £1 in every £3 spent in the UK shows, as of 1pm of Friday 25th November, a marginal increase in the volume of transactions, by 0.7 per cent, compared to the same period on Black Friday 2021.
An all-time record for transactions-per-second between 12-about 1pm on 25th November, shows that shoppers are making the most of their lunch break to bag a bargain.
This represents a 4.9 per cent increase in volume of transactions compared to the same period on Black Friday 2019.
Marc Pettican, Head of Barclaycard Payments, comments: “Despite the rising cost-of-living, it's clear there is still appetite to bag a Black Friday bargain. While shoppers may be tightening their belts overall, it looks like some have been holding back on purchases to wait for the sales to start and others are likely on the hunt for deals for Christmas gifts. Many more will also be heading to the pub early to secure a seat for England's World Cup match against the US. Sales volumes holding up against last year will come as welcome news for retailers against the challenging economic backdrop.”