Significant shopping events can move the country, especially right before the holidays. So what do UK Black Friday & Cyber Monday statistics say about our thirst for a bargain?
UK Black Friday & Cyber Monday Statistics
- According to one study, 89% of Brits are aware of Cyber Monday. (Simon-Kucher & Partners)
- UK spending on Black Friday and Cyber Monday stood at £6 billion in 2020. (Finder)
- Cyber Week sales in the UK increased by 146% in 2020. (BigCommerce)
- On a global scale, Cyber Monday 2020 exceeded the e-commerce revenue of Black Friday 2020 by $1.8 billion (around £1.5 billion). (Statista)
- In 2021, Brits spent £4.8 billion on Black Friday and Cyber Monday. (Finder)
- However, the overall spending for the Black Friday weekend hit £9.42 billion in 2021. (SaleCycle)
- In 2021, the UK accounted for 10.3% of all global Black Friday searches online. (Statista)
- In 2014, search interest for the term ‘Black Friday’ began to rise seven weeks before the actual date. (Finder)
- But by 2022, the search interest for ‘Black Friday’ began 12 weeks before the date. (Finder)
- Brits plan to spend approximately £3.95 billion on Black Friday and Cyber Monday purchases in 2022. (Finder)
- An average Brit could spend an average of £189.59 in 2022. (Friday)
- 2022 expected spending is 31% less than in 2021 when shoppers were planning to spend £275 on average. (Finder)
- Despite a reduction in overall expenditure, sales are projected to increase by 6% from 2021. (Finder)
- Barclaycard’s data showed that payments made with cards between midnight and 5pm on Black Friday in 2021 were up by 23% from 2020. (Voscap)
- Similarly, data from Nationwide showed purchases were up by 26% from 2020. (Voscap)
- According to Shopify’s data, the peak sales occurred between 10am and 11am in 2021. (Shopify)
- On the Shopify platform, the average cart price was £63.19 in 2021, up from £55.17 the year earlier. (Shopify)
- In 2014, Black Friday became the peak pre-Christmas online sales day in the UK. (Which)
UK Black Friday & Cyber Monday: Online or In-Store?
- Online sales accounted for 61.49% of Black Friday weekend spending in 2021. (SaleCycle)
- 17% of online traffic on Black Friday in 2020 was from mobile devices. (SaleCycle)
- Generation X (53%) and baby boomers (53%) are more likely to shop only online. (Finder)
- 46% of Brits plan to make Black Friday and Cyber Monday purchases online, with 10% shopping only in-store. (Finder)
- In-store spending is expected to be higher at £174 per person, with online purchases predicted to reach £167 per person in 2022. (Finder)
- Londoners (62%) are the most likely to shop on the high street in 2022, while those in the East of England (57%) plan to only shop online. (Finders)
- One survey found Amazon to be the most popular online retailer, with 64% of people shopping on the platform. (Toluna)
- Argos (28%) and eBay (19%) were other popular online platforms in the UK in 2021. (Toluna)
- The highest forecast consumer demand in-store is found at Fortnum & Mason. (Statista)
- 28% of UK consumer brands don’t participate in Black Friday sales. (Statista)
- In 2021, Amazon launched its Black Friday deals as early as 8th November. (Which)
Black Friday & Cyber Monday: What Are People Buying?
- 22% of shoppers plan to buy a small kitchen appliance in 2022, followed by gaming consoles or devices (20%) and home decorations (20%). (Finder)
- Only 9% of shoppers consider purchasing floor care appliances, such as vacuums. (Finder)
- 26% of men are considering buying gaming consoles or devices, with home decorations being most favoured by women (24%). (Finder)
- On average, approximately 33% of UK consumers self-gift during Black Friday sales. (Statista)
- In 2021, 69% said they bought a gift for themselves, 60% for family members, and 23% for partners. (Toluna)
- The cart abandonment rate for Black Friday in 2020 stood at 77.74%, with airline and luxury fashion sales having the highest abandonment rates. (SaleCycle)
- Cyber Monday’s lowest cart abandonment rate occurred at 21.00, with 76.49% abandoning their purchases. (SaleCycle)
- Big discounts get 27% of shoppers to buy, while 25% find free returns enticing. (Emarsys)
- On average, discounts between 21% and 30% are the most likely to get people to buy a Black Friday deal. (Money.co.uk)
- For those planning to avoid spending in 2022, 52% said it’s due to the cost of living crisis, while 33% said they want to avoid unneeded purchases. (Emarsys)
Black Friday & Cyber Monday: Shopper Demographics
- Men are more likely to spend money on Black Friday and Cyber Monday sales, spending £205 on average to women’s planned £174. (Finder)
- In 2021, men spent £335 on average on Black Friday sales. (Finder)
- 65% of Generation Z plans to spend money on Black Friday and Cyber Monday sales in 2022, while only 8% of the silent generation is considering making a purchase. (Finder)
- Generation Z also had the smallest planned reduction in spending from 2021, as they plan to spend £149 in 2022 compared to £175 in 2021. (Finder)
- Northern Irelanders are more likely to participate in Black Friday shopping, with 53% saying they’ll spend money. (Finder)
- The regions least likely to spend money on Black Friday in 2022 were the East of England and the South West, with only 33% planning to shop. (Finder)
- The Scottish plan to spend the most in 2022, with an average of £257. (Finder)
- The North Easterners are only planning to spend £143 per person in 2022. (Finder)
- Approximately two-thirds of respondents in one survey said they are planning on putting Black Friday purchases on debit cards, with just under a quarter opting to spend on credit cards. (Money.co.uk)
- Men are more likely to spend on credit cards (28.26%) than women (19.65%). (Money.co.uk)
- Buy Now Pay Later was preferred by 6.6% of people in a survey. (Money.co.uk)