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2024 BLACK FRIDAY INDEX

A research project by World Wide Worx on behalf of Ecentric Payment Systems

South Africa’s first formal Black Friday Index, which was conducted in a partnership between Ecentric Payment Solutions and World Wide Worx, is based on analysis of data from retail transactions flowing through the Ecentric payment gateway from Black Friday to Cyber Monday, as a proportion of total holiday retail

Some of the key findings include:

1

Black Friday to Cyber Monday remains the most powerful retail window of the year
2

As a share of total holiday transactions, total transactions from Black Friday weekend surged 30.4%
3

e-Commerce still leads the charge
4

In-store commerce is making a comeback.
5

In-store revenue as a proportion of total revenue saw a 109.4% surge, doubling from 5.3% to 11.1% of total holiday revenue
6

Omnichannel and data-led strategies set leaders apart

The index makes it clear that the Black Friday weekend stands out from the full holiday shopping period, which runs from the beginning of November to Christmas Eve, in both sales volume and growth. The latest data confirms that retailers who capitalised on this peak moment saw the biggest gains, with online and in-store revenue outperforming the rest of the holiday season

Rory BosmanChief Sales & Marketing Officer at Ecentric

Report Contents

  1. The Black Friday Index
    a) The defining benchmark for holiday retail
    b) Black Friday to Cyber Monday: The retail powerhouse
    c) What this means for 2025
  2. Executive Summary
  3. Introduction
    a) Methodology
  4. Key Findings
    a) Proportion of online transactions continues to grow
    b) Proportion of online revenue climbing
    c) Proportion of in-store transactions climbing
    d) Proportion of in-store revenue holds steady
  5. What it all means
    a) E-commerce is still king, but stores are fighting back
    b) Omnichannel strategies are winning
  6. Looking ahead: What retailers should do in 2025

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