Startup Observer.com
  • Home
  • Industries
  • Innovation
  • outsourcing
  • Business
  • Finance
  • Headlines
  • Opinion
  • News
Home Headlines Britain on track for record Black Friday sales
Headlines

Britain on track for record Black Friday sales

by jcp November 26, 2021
November 26, 2021
gawdo

(Adds dropped word in paragraph 4)

By James Davey

LONDON (Reuters) – Britain looks to be on track for record sales over the Black Friday discount weekend despite supply chain disruption, with initial data indicating nearly a quarter more shopper transactions versus last year.

Barclaycard, which processes nearly 1 pound ($1.33) in every 3 pounds spent on credit and debit cards in the United Kingdom, said the volume of payment transactions as of 1300 GMT was up 4.2% compared to the same period in 2019 and up 23.3% on 2020, when non-essential stores were closed due to a COVID-19 lockdown.

“So far the data looks extremely promising and we should be set for one of the most successful Black Friday shopping sprees on record,” said Rob Cameron, CEO of Barclaycard Payments.

Analysts at GlobalData for the VoucherCodes Shopping for Christmas report forecast total sales of 9.15 billion pounds over the four day Black Friday to Cyber Monday period – up 15.1% on the 7.95 billion pounds taken in 2020 and up 6.8% on the 8.57 billion pounds taken in 2019.

Black Friday, taking place against a backdrop of shortages of both products and drivers to deliver them, is particularly important for department store group John Lewis, consumer electricals retailers Currys and AO World and general merchandise retailer Argos, which is part of supermarket group Sainsbury’s.

While Tesco, Britain’s biggest retailer, and Asda are also participating, some major retailers, including Marks & Spencer and Next, shun the event.

On Thursday, UK retailers reported the strongest pre-Christmas demand since 2015 but also the biggest price rises since 1990, as fears of shortages led shoppers to buy gifts early, figures from the Confederation of British Industry showed.

On Tuesday, AO warned of limited supplies of games consoles, including Sony’s PlayStation and Microsoft’s Xbox, and Apple iphones, blaming the global shortage of semiconductor chips.

Earlier this month, Sainsbury’s similarly warned shoppers to expect a shortage of electronics products.

Currys, however, has said it is well stocked.

Delays in international supply chains are being compounded by labour shortages in domestic transport and warehousing networks, with a shortage of heavy goods vehicle (HGV) drivers particularly acute.

Amazon’s Black Friday was disrupted by climate activists targeting 15 depots across Europe and it also faced protests by workers and delivery drivers in Germany, France and Italy.

In the U.S. stores were less crowded than in years past as major retailers opened their doors early.

 

(The story has been refiled to add dropped word in paragraph 4)

 

(Reporting by James Davey; Editing by Susan Fenton and Raissa Kasolowsky)

www.gawdo.com
Share on FacebookShare on TwitterShare on Linkedin
0 FacebookTwitterPinterestEmail
previous post
What we’ve missed: the glory of commuting
next post
Twitter CEO Jack Dorsey to step down – source

You may also like

Russian missiles rain down on Ukraine as West...

June 29, 2022

NATO deal with Turkey greeted with caution and...

June 29, 2022

Doctors, bankers protest ‘impossible situation’ as Sri Lanka...

June 29, 2022
Editorial & Advertiser disclosureEditorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gawdo.com
https://www.gawdo.com
  • About us
  • Advertising & Terms of Use
  • Contact Us
  • Privacy Policy

@2021 - All Right Reserved.


Back To Top
Startup Observer.com
  • Home
  • Industries
  • Innovation
  • outsourcing
  • Business
  • Finance
  • Headlines
  • Opinion
  • News
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT