Barclaycard Payments, which processes £1 in every £3 spent in the UK, has so far today (as of 1pm) seen a Marginal increase in the volume of transactions, by 0.7 per cent, compared to the same period on Black Friday 2021. The All-time record has been broken for transactions-per-second between 12-1pm today, showing shoppers are making the most of their lunch break to bag a bargain. There has been a 4.9 per cent increase in the 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.”
Terry Clark is the Publisher and Content Director of 365 Retail, with more than a decade of experience covering retail design, technology innovations, store openings and the wider retail industry. He also works closely with leading retailers, suppliers, agencies, events and industry awards across the UK.
