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40 Tips for you to WIN on Black Friday and beyond! 🤑
Last year, about 141 million consumers took advantage of the day's famous deals, with the average customer spending a little over $400.
Retailers typically offer steep discounts on Black Friday to kick off the holiday season. It's a critical day for the retail sector, as the holiday season accounts for almost 20% or more of annual sales for many retailers.
So, when did it all start?
Since it all started in 1960, the Friday after Thanksgiving became a phenomenon as retailers slashed their prices to spur Christmas shopping sprees.
Amazon brought Black Friday to the UK in 2010 and since then it has grown significantly. This year the day falls on the 24th November and it is set to be the biggest year yet.
And what about now?
According to predictions from VoucherCodes and the Centre for Retail Research (CRR), Brits will spend £2.6bn in the sales, both online and in stores. Showing an 8% increase on 2016 and equating to a whopping £1.6 million per minute.
Online spending is expected to reach £1.15 billion (up 15% on 2016) and high street figures are also set to be up by 4% on last years 9.5 million shoppers with an anticipated spend of £1.45 billion.