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Results: 1-10 of 2013

2 Dec 2020

The recent ACT restructure means that cycle businesses can benefit from extended business support and new services as well as full annual ACT membership from just £60 per year!

2 Dec 2020

A refreshed suite of posters developed to support retailers in encouraging shoppers to wear face coverings using behavioural science techniques. The posters are available free of charge for...

2 Dec 2020

Independent bicycle retailers in Bradford, Ipswitch and York have all been commended in this year's search for the Best Small Shop of 2020!

27 Nov 2020

Recent events have once again highlighted the growing concerns centred on the UK's growing use of Buy Now Pay Later (BNPL) services.

26 Nov 2020

A family run, independent, home and gift shop in Worcester has been named as Britain's Best Small Shop of 2020.

25 Nov 2020

The Chancellor presented his Spending Review to Parliament today settingout the Government's departmental spending plans for the year ahead andresponse to Coronavirus (Covid-19).

24 Nov 2020

On Monday ACT members were invited to join Maybe* for a free webinar to learn how to optimise social media use.

19 Nov 2020

IRC member enters debate to seek an extension to the moratorium onevictions within the Coronavirus Act 2020. Can you help us...

19 Nov 2020

Indie Retail are delighted to announce a partnership between themselves and the app-controlled window display sign TraffikFlo, enabling more shops to simply and effectively manage social...

18 Nov 2020

ACT members are invited to join Maybe* on Monday 23rd November at 8pm for a webinar to learn how you can optimise your social media use.

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Black Friday spending expected to increase to £6 billion

Posted on in Business News , Cycles News

  • black-fridayThe overall spend across the UK will increase by £400 million from £5.60 billion projection in 2019
  • The average shopper will spend £296, this is a rise of 18% on 2019's figure
  • However, 20.3 million Brits will spend during the sales, which is an 8% decrease since last year


Across the UK shoppers are expected to spend an estimated £6 billion on Black Friday this year, according to annual research from shopping comparison site, A total of 2,000 people were questioned throughout Great Britain, with representative quotas for gender, age and region.

This is an increase of £400 million on 2019's estimated figure of £5.6 billion, meaning that the average spend this year has also risen by £45 (18%) to £296 from last year's £251. In 2018 the figure was £235.

Despite the amount being spent increasing, the number of those who plan to partake in the sales is decreasing. Last year, 22.1 million (42%) said they planned to buy something on Black Friday, whereas 20.3 million (39%) expect to do so in 2020. This 8% decrease is likely a result of the financial hardships many have suffered due to the coronavirus pandemic.

However, 16.3 million (31%) are still undecided about their participation meaning the overall figure of sale participants could increase to 36.6 million.


Who is going to be spending the most?

On average men are expecting to fork out £106 (44%) more than women, with their average spend being £349 compared to £243 for women.

When it comes to generational differences, millennials plan to spend the most with an average spend of £372, while gen Z will spend the least as they plan to part with just £130 on Black Friday. Despite this, gen Z plan to make the most of the yearly sales, with 59% intending to shop on Black Friday, which is a higher percentage of participants than any other generation.

Londoners intend to spend the most, with the average spend being £126 above the national average of £296 (they will spend £422), while those in Yorkshire and the Humber plan to spend the least (£249).

Commenting on the findings, Georgia-Rose Johnson, shopping expert at said:

"With the pandemic and lockdown causing such disruption to people's lives and careers, you might expect people to shut their wallets this Black Friday weekend and for overall spend to fall. While this does appear to be the case in the sense that the number of people participating is predicted to decrease, overall spend is actually set to be higher.

"This means those taking part will be spending significantly more than last year and is perhaps an example of how Britain is becoming financially divided. Many have experienced great financial difficulty this year, but some people are actually better off as a result of not having to commute and a lower spend on socialising. For these people, the weekend of sales could be an opportunity for some retail therapy."


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