Barclaycard, which processes nearly one pound ($1.28) in every three pounds spent in the United Kingdom, said its data showed transactions had also been strong throughout the week of Black Friday.
The volume of Black Friday payment transactions in Britain as of 1000 GMT was up 12.5% versus last year, initial data from Barclaycard showed on Friday, bringing some cheer to UK retailers in need of a tonic after a troubled year.
Barclaycard, which processes nearly one pound ($1.28) in every three pounds spent in the United Kingdom, said its data showed transactions had also been strong throughout the week of Black Friday.
“With many retailers spreading their deals out throughout the week, they will be encouraged to see this hasn’t cannibalized sales volumes on Black Friday itself,” it said.
The firm did not give a figure for the year-on-year movement of the value of sales. Last year transactions increased 10% versus 2017.
With recent UK consumer spending subdued, Brexit still unresolved and a Dec. 12 national election creating new uncertainties, retailers have been hoping for a boost from Black Friday discount events that were first brought over from the United States by Amazon (AMZN.O) in 2010.
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