To mark the end of the nationwide four-day discount extravaganza, Cyber Monday is expected to make £1.1 billion, with around 15 million shoppers assembling online in the UK to grab themselves the latest bargains.
The Black Friday weekend has seen a substantial movement online this year, as retailers spread the discounts over two weeks, eliminating the reliance on the traditional 24-hour black Friday and Cyber Monday events.
Research performed via Centre for Retail Research (CRR) and VoucherCodes.co.uk, have reported that shoppers are predicted to increase 15% on the previous year, with a spend of £5.8 billion across the extended weekend.
In what has been predicted as the last blowout before inflation takes its toll on the retail sector, spend on Black Friday was expected to beat all prior records with 14 million shoppers dishing out £1.97 billion.
For the first time this year however, more than half of sales were expected to take place online, with £1 billion worth of sales to the highstreets £961 million.
With Springboard’s latest figures supporting this, there has been a 7% decrease in high-street footfall and a 5% drop in shopping centres, whereas there has been a 25% rise in online sales on last year.
