Retail & Wholesale

Record festive spending predicted

Shoppers are expected to spend a record £76.1bn this Christmas. The Centre for Retail Research predicts that from this week's Black Friday sale day, spending in the six weeks to Christmas Day will leap by £1.9bn or 2.5% from last year's figure. Internet sales over the 24-hour Black Friday period are expected to surpass £1bn for the first time in UK history by Experian-IMRG, while Ebay expects 9m British consumers to visit its website on Black Friday, buying 25 items every second. The Centre for Retail Research estimates online spending on Black Friday to be closer to £966m, with total Black Friday sales (including in stores) reaching £1.39bn and shopping over the entire weekend nearing £3.5bn. On Black Friday last year, British consumers spent £810m on online purchases alone. That works out at a rate of £9,375 every second.


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