Source: Commonwealth Bank of Australia
Aussie shoppers welcome the opportunity to snag a bargain during this increasingly popular period, according to CBA credit and debit card data.
Thursday, 26 November 2020 – If last year’s spending trends is anything to go by, Australian retail businesses should be gearing up for a stellar Black Friday weekend, with credit and debit card data from Commonwealth Bank revealing spending on retail goods soared 69 per cent in 2019.
Over the last few years Australian retail businesses have seen a growing demand for retail goods and services, both online and in-store, during the four day period from Black Friday to Cyber Monday inclusive.
The 2019 uplift in sales was more than previous years and part of a rising trend of Aussie shoppers embracing the Black Friday sales, with the overall amount spent on retail goods up 35 per cent in 2018 when compared to the average amount spent in the three weeks prior.