You are here: Home - Uncategorized -

Christmas shopping ‘will pick up’

Written by:

After a quiet start to the Christmas shopping season the British Retail Consortium (BRC) is predicting that things will pick up in the last 10-14 days before the holiday.

“Clothing retailers have been stuck with a lot of winter stock because the weather has been so mild this year,” said BRC director general Kevin Hawkins.

“This has led to a lot of deep price discounts, and they are certainly more marked than than at this time last year.”

To try to stimulate demand many retailers have launched a series of sales and special offers. This effort comes as latest figures show that retail sales are down on last year and is especially important for many retailers as Christmas trading can account for up to 60% of their turnover.

“I think there are plenty of incentives for consumers to come out and spend money,” Hawkins added. The issue is whether or not they will come out, in what numbers and and how near Christmas. My guess is that it will be focused on the last two weeks to 10 days.”

Hawkins also points out that online retailers are likely to do well this Christmas, with many discount vouchers being distributed over the Internet.


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Going bust ‘a growing problem’

Official figures reveal that a record number of people in England and Wales became insolvent in the third quarter of...