Spending On Black Friday Predicted To Be Highest Ever
Spending on next week's Black Friday is expected to be the highest ever.
AIB says last year saw a 14% jump on the amount spent by their credit and debit card customers compared to Black Friday 2021.
The bank says a total of €95 million was spent across 900,000 transactions on the 25th of November last year.
The shopping event originated in the US and coincides with the day after Thanksgiving.
But AIB's Head of SME Banking, John Brenann, says Black Friday has become a big day for Irish shoppers:
"Last year, Black Friday, 2022 was the busiest day ever for online spread with the cardholders.
"They spent €95 million on the day. That's €66,000 every minute, and we saw a record breaking 900,000 transactions.
"Black Friday, 2022 was 14 % busier than the same day in 2021.
"We expect Black Friday 2023 to break those records again, in terms of transaction numbers and spend".
AIB says people were most likely to buy clothes on Black Friday, followed by hardware and electrical goods.
Black Friday spending on clothing was 300% above the normal average daily spend for the year, while spend on electrical goods was 226% above average.
Shoppers are also being warned to watch out for potential text message or online scams as part of Black Friday, and to watch out for deals advertised online that seem too good to be true.