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World

Britons chase Black Friday bargains online

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World

Britons chase Black Friday bargains online

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COMING UP:Britons chase Black Friday bargains online

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Transcript

00:00:00
>> It's the post Brexit Black Friday, an opportunity to bag a bargain before a suffering sterling really takes its toll on consumer prices. But these shops pose a picture of serenity compared with manic scenes in 2014.>>
APPLAUSE
>> Ready?>> Yeah!>> Yeah! Reuters correspondent James Davey says this year most buyers scarred by memories of mayhem then are now reluctant to venture outside.
00:00:26
>> Black Friday has evolved into very much an online event in the UK. Last year was pretty subdued in stores but very active online, and that trend has been repeated this year. Companies like Dixons, and Argos, and John Lewis, they're pretty much reporting kind of record online trading.
00:00:47
>> UK economists fear Brexit backlash combined with slow job growth will eat into households' spare income and Phillip Hammond's fiscal statement on Wednesday did little to ease that pressure.>> All the indications are that prices will rise next year as import costs increase and that's passed on by the retailers.
00:01:07
So it could be that consumers, shoppers are having a bit of a blast in the last few months of this year in anticipation that prices will go up next year. Having said that, the consumer has been pretty robust since that vote in June, and consumer spending's held up pretty well.
00:01:24
>> Some warnings though, to double check your bargain is actually a good one. A report found half the products on offer in last year's Black Friday were actually cheaper in the months running up to the event.