logo-loader
viewBarclays PLC

Black Friday purchases up on last year but customers spending less, says Barclaycard

Retailers are hoping customers spend enough over Black Friday, Cyber Monday and Christmas to boost sales after a difficult year

retail
Retailers have had a tough year

Britons have made more Black Friday purchases compared to last year but have spent less, according to initial data from the credit card division of Barclays PLC (LON:BARC).

Barclaycard, which has more than 10mln customers in the UK, said the volume of payment transactions on Friday is 16% higher than the same day last year. However, the amount customers spent fell by 21%, suggesting Britons have been purchasing more small ticket items this year.

Retailers are hoping customers spend enough over Black Friday, Cyber Monday and Christmas to boost sales after a difficult year.

READ: Barclays' senior duo to meet with activist Bramson

Subdued customer spending and tough online competition have dragged on sales at retailers this year, leading to the collapse of Maplin and Toys R Us and prompting others, like New Look and Marks & Spencer Group PLC (LON:MKS), to close multiple stores. 

Quick facts: Barclays PLC

Price: 175.46 GBX

LSE:BARC
Market: LSE
Market Cap: £30.39 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Revenue guidance from OptiBiotix as it eyes NASDAQ listing

OptiBiotix Health (LON:OPTI) provides a commercial progress update, explaining why in their financials some items are separated. CEO Stephen O'Hara tells Proactive London what's behind his thinking adding that Optibiotix hopes to reach profitability in 2020. News here too on Sweetbiotix and...

4 hours, 37 minutes ago

RNS

Form 8.3 - Abbvie Plc - Amendment

1 hour, 51 minutes ago

Form 8.3 - Allergan plc - Amendment

1 hour, 53 minutes ago

Form 8.3 - COBHAM PLC

2 hours, 55 minutes ago

Form 8.3 - CONSORT MEDICAL PLC

2 hours, 55 minutes ago

FORM 8.3 - ALLERGAN PLC

3 hours, 17 minutes ago

FORM 8.3 - ABBVIE PLC

3 hours, 18 minutes ago

Form 8.3 - Sirius Minerals plc

3 hours, 30 minutes ago

Form 8.3 - Charles Taylor plc

3 hours, 30 minutes ago

2 min read