Online retailers stumble ahead of Black Friday, GlobalData
UK shoppers held back spending online in October, in anticipation of Black Friday, according to research by GlobalData involving 2,000 respondents.
“In-store retail spend index rose by 4.6 points on September while the online retail spend index fell by 3.8 points, driven by muted online spending on electricals and clothing in particular as many consumers delayed their purchases,” says Emily Salter, Retail Analyst at GlobalData.
“Looking ahead, UK consumers are preparing to spend for Christmas but people continue to feel financially unstable due to unprecedented levels of uncertainty around the UK’s economic future,” she concludes.
