Shoppers Hold Back Spending Ahead of Black Friday
Retail sales remained subdued as consumers waited for Black Friday deals, while Barclays said card spending rose just 0.5% in October.
5 Articles
5 Articles
Shoppers hold back spending ahead of Black Friday
British shoppers are holding back on spending ahead of Black Friday, dealing a further blow to retailers after they missed out on significant support at last month’s Budget. Total retail sales in the UK increased by 1.5 per cent year-on-year, according to the British Retail Consortium (BRC), against growth of 1.6 per cent in the [...]
Evening Standard
Retailers suffer subdued October as shoppers hold back ahead of Black Friday
Total UK retail sales increased by 1.5% year on year, although this was above the three-month average growth of 1.2%, according to the BRC and KPMG.
Cutting deep: why retailers are predicting this Black Friday will be the 'biggest ever'
Drapers Cutting deep: why retailers are predicting this Black Friday will be the ‘biggest ever’ Some retailers say this will be the biggest-ever Black Friday after shoppers have held back on spending and warmer weather has delayed demand for winter stock. There are predictions that discounts will be deeper and longer lasting than ever.
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