Bulletin

Black Friday and Cyber Monday had little impact

The impact of high-profile shopping events Black Friday and Cyber Monday appears to have belied the hype surrounding them, with the latest data from Visa indicating that the weekend contributed to only a 1.3% increase in spending last month compared with October. Indeed, the high street experienced 1.5% less shopping in November compared to last year. Over Black Friday and Cyber Monday, spending on Visa cards hit £2.2bn, which was 22% higher than last year. High street shopping in contrast was largely unchanged at £1.1bn. Away from discounted goods, consumers in November increased spending in restaurants, hotels and bars by 8.5% compared to last year, and 4.8% more in cinemas and theatres.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

With the second-largest economy in Latin America, Mexico should be a core focus for UK exporters looking at the region

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

The UK’s aerospace industry is the focus of our second quarterly bulletin in partnership with EEF, the manufacturer’s organisation. We take…

Where Next?