UK Gears up for Black FridayNovember 24, 2015 4:54 pm
Black Friday is now the biggest shopping day of the year, easily beating the traditional Boxing Day and New Year’s Day sales.
Retailers slash prices to kick-start the festive season and this year, internet sales over the 24-hour period are expected to exceed £1bn for the first time in UK history. Ebay are predicting UK sales sales of 25 items per second!
Last year, British consumers spent a huge £810m online alone. That’s £9,375 a second!
Black Friday starts the day after Thanksgiving and after last year’s shopping frenzy; Asda has pulled out of the Sale this week, opting for more sales throughout the Christmas and New Year period.
Why are the UK Participating in a US Tradition?
Amazon UK first started the Black Friday trend this side of the pond five years ago. In 2013, Asda, which is owned by American retail giant Walmart, joined in on the UK’s Black Friday and last year, most major UK retailers including John Lewis, Argos and British Airways also jumped on the bandwagon.
Popularity of Black Friday
Of course the US are the biggest Black Friday spenders and here in Europe, the UK accounts for the majority of spending.
Britons will spend £966m on internet shopping during the 24 hour period whilst retailers in Germany will take less than a third of that number.Tags: uk black friday
Categorised in: News
This post was written by Kayleigh Driscoll