This Friday marks one of the biggest shopping days of the year. Is Christmas really coming early for Britain’s retailers? Here’s what they can expect.
Bargain hunters have their credit cards ready. The holiday season kicks off this week with Black Friday – one of the biggest shopping days of the year.
‘You have to join in with Black Friday but it’s not a trend I particularly enjoy,’ admits Ted Baker founder Ray Kelvin. ‘The Americans brought us over Halloween in a big way and now we have Black Friday – I think the second one is scarier!’
Are retailers right to be fearful? Here’s what we can expect from Black Friday:
Despite tightened household budgets, Britons are expected to set another retail record on Black Friday by spending an estimated £2.6bn – or £1.8m per minute – according to forecasts by VoucherCodes and the Centre for Retail Research (CRR). That’s an 8% increase on the £2.4bn spent last year.
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