Friday, November 29th, 2019 was a momentous day for retailers and brands in the UK. ‘Black Friday’ turned into a record-breaking, online spending frenzy. Shrugging off political and Brexit uncertainty, the UK’s consumers embraced online commerce like never before, accelerated by a cold snap deterring all but the hardiest from the high street.
The volume of credit and debit card transactions between 1pm and 2pm was up 9% on 2018 as office workers used their lunch break to bag online bargains. The growth in digital payments was even higher earlier in the day, up 12.5% before 10am. A spokesperson from...