Analysts expect more British to hit the store on Monday than Black Friday, and an additional £ 2.23 billion is expected to be spent online.Early data show that shoppers are spending more than before Covid
Image: Alex Lentati / LNP)
Supply chain concerns and the potential for new Covid variants to close stores mean that 11.6 million of us are likely to hit our stores on Monday.
They estimate that nearly £ 3.5 billion will be spent, £ 1.15 billion in stores and £ 2.23 billion online.
Experts say the surge is caused by supply chain concerns, and the new Covid variant is worried that the shop will be closed again.
Approximately 11.6 million “brick and mortar” shoppers spend £ 1.15 billion.
Analysts at shopping site Voucher Codes predict that an additional £ 2.23 billion will be spent online, bringing the total for the four-day Black Friday weekend to £ 9.1bn.
The store boss is taking advantage of the pre-Christmas turmoil to soften the Covid that hit the boulevard. Currys is running a half-price deal while John Lewis, Argos and Boots offer significant discounts.
Early data show that shoppers spend more on top sellers such as TVs, laptops and tablets than they did before the pandemic.
Black Friday transactions were 23% higher than in 2020, when weekend shopping was completely online, according to Berkeley Card. The company, which handles £ 1 for every £ 3 spent on card usage, said payment levels were up 2.4% compared to the same period in 2019.
Anita Naik of the online site Voucher Codes said:
“Retailers often book Cyber Monday bonus discounts to end Black Friday weekends and attract additional customers, so if shoppers are postponing large purchases, or If you have items to remove from your Christmas list, tomorrow may be the best day to do it yourself. “
Kyle Monk, a British retail consortium representing the name of the famous High Street, said:
“Some retailers are growing sales throughout the month, and overall spending is likely to be higher than ever. TVs, appliances, clothing and many other products are all discounted. It’s a great opportunity for consumers to choose. We’ll increase our bargains ahead of Christmas. “
Independent shops also reported active deals. Jackie Mulligan, founder of Shoplocalonline.org and a member of the Government’s High Street Task Force, said:
“It certainly doesn’t apply to all businesses, but overall, the response we’re getting is positive and better than expected. People are voting for small businesses on their own. This is , It will be very encouraging as we enter the important celebration sale period. “
Springboard, a retail intelligence company that monitors the number of shoppers, says retailers have returned to “full throttle.”
Black Friday shoppers increased by 6.9% from the previous week, and shopping center customers increased by 17.3%, recording the largest increase.
However, Springboard boss Diane Wehrle said the number of high streets was slightly lower than last Friday, and the fact that Covid and many people are still working at home makes shopping on work days. It suggests that we have reduced the number of shoppers going out to.
The surge in annual spending that began in the United States is despite warnings that retailers are struggling to deal with global supply issues, so discounts will be lower this year and some shortfalls are expected. Come.
According to experts, the shortage of microchips needed for game consoles like the PlayStation 5 will continue until next year.
A Confederation of British Industry survey has highlighted concerns that shoppers will not receive the gifts they want if they leave it until the very end of the year.
Ben Jones, CBI Economist, said:
11.6 million British people spend £ 1.5 billion on Cyber Monday and are worried that Covid variants will close their stores
Source link 11.6 million British people spend £ 1.5 billion on Cyber Monday and are worried that Covid variants will close their stores