rtmark
LearnBonds.com

Retailers see Boxing Day sales hit by early Black Friday spending

Black Friday discounts and driving rain depressed Boxing Day sales, with retail analysts reporting fewer people pounding the pavements looking for bargains.

Retail data group Springboard said 8.6 per cent fewer shoppers hit the shops the day after Christmas Day, compared to a year ago.

The group’s marketing and insights director Diane Wehrle added that there were fewer traditional early morning queues with customers keen to start spending. Instead, Boxing Day shoppers came out in their highest numbers after 5pm, when shops had just a few hours left to open.

Wehrle said: “It is clear that consumers visited high streets more in the early evening than during the day.”

 

Black Friday spending records

She added: “The demand from consumers for trips to bricks and mortar destinations that include other activities such as leisure and eating out, as well as shopping, continues to strengthen.”

Shoppers are expected to spend a total of £3.7bn on Boxing Day, but this is £200m less than last year, according to additional research from Barclaycard.

The credit card giant said that last month’s Black Friday discounts broke spending records – its data shows an increase of 16.5 per cent in value year-on-year – meaning that some shoppers may have already made the majority of their purchases.

Just 33 per cent of shoppers said they plan to spend more on Boxing Day than they did during the Black Friday and Cyber Monday sales, according to a poll by the credit card company.

 

Less to spend after Christmas

Barclaycard Payments chief executive Rob Cameron said: “Our data for Black Friday and Cyber Monday revealed a huge jump in transaction volumes this year, so it’s not surprising that consumers expect to have less money to spend after Christmas, so retailers need to take that into account.”

Opinium Research surveyed 2,002 UK adults online for Barclaycard between 29 November and 3 December.

 

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Roger Baird

Roger Baird is News Editor at Finixio. He has worked as a financial journalist for 20 years reporting on companies, capital markets and the UK economy.