THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Omnichannel Retail 2022
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Cyber Monday ‘huge success’ for retailers as payments up compared to lockdown shopping

Cyber Monday was a bonanza for retailers when Black Friday was more subdued in footfall on the high street. Retailers saw an increase in the volume… View Article

FOOD & DRINK

Cyber Monday ‘huge success’ for retailers as payments up compared to lockdown shopping

Cyber Monday was a bonanza for retailers when Black Friday was more subdued in footfall on the high street.

Retailers saw an increase in the volume of payments in comparison to last year’s shopping event.

Data from Barclaycard Payments show payment volume increased 16.7 per cent compared Cyber Monday 2020, with a 4.5 per cent increase in payments compared to pre-pandemic levels.

On Black Friday, payments were up 1.2 per cent on 2019 and 26.6 per cent on 2020.

Rob Cameron, CEO of Barclaycard Payments said: “Cyber Monday has been a huge success for retailers. All signs suggest that Cyber Monday is becoming increasingly important for both retailers and consumers. It’s perhaps not surprising given the growth and investment made in e-commerce during the pandemic.”

Springboard figures show footfall in the lead up to Black Friday was up a marginal 2 percent across UK retail destinations compared to the week before.

Footfall was -17 percent lower than the 2019 level,  a widening of the gap from the week before when it stood at -12.4 percent from 2019. It is however more than double the level in 2020.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News