Market Watch

Record Breaking Black Friday Sales in the UK

19 Dec , 2014  

Market Watch FriIn November, UK retail sales rose 6.4%, their fastest annual rate in more than 10 years as a result of the Black Friday affect.

A scene made familiar by the US, took off in the UK this year, with retail stores offering Black Friday discounts that provided record sales.

Electrical goods sales were up 32% from last year, sales at department stores rose 15%, both showing the biggest increases since records began in 1988, the Office for National Statistics said.

Online sales also increased by 12.9% compared with last year. However, last year Black Friday fell in December, making the comparison more pronounced.

Of course, this is a reflection of the final quarter; it could simply mean that spending has been brought forward by the consumer because of the drop in retail prices.

Retail prices fell by 2% on average, the largest fall since August 2002. This is largely due to the significant drop in petrol prices. Prices at food stores were also lower, recording their largest fall in since June 2002.

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