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Merchants on Black Friday, the day after Thanksgiving, collectively experienced a 5.7% increase in credit and debit card sales compared with the same day last year, according to the Small Business Credit Sales Report issued by Capital Access Network Inc. Smaller merchants—those with less than $250,000 in annual revenue—experienced the largest increase at 17%, the survey found. Merchants with $250,000 to $500,000 in annual revenue experienced a 13.4% increase. Merchants with annual revenue between $500,000 and $1 million experienced a 3.62% increase in same-store card sales, while card sales for those with more than $1 million in annual revenue grew by 4.34%. New York-based Capital Access Network does not release actual sales figures. The survey also found that merchandise retailers, such as jewelers, toy stores and electronics merchants, experienced only 0.95% card-sales growth. Capital Access Network also highlighted restaurants, whose card sales grew by 4.06%.
