Black Friday spend in 2020 was down by more than 50% from 2019’s record figure, data from BankservAfrica, a clearing house for banks, shows. 

BankservAfrica is the largest automated payments clearing house in Africa and shows how consumers using bank cards spend money. The slump in Black Friday sales bodes ill for retailers that rely on the day to boost sales. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now