You are here: Home - Uncategorized -

Shops report better Christmas trading

Written by:

Stores were delighted that retail sales rose at their sharpest rate in two months in December, as consumers made shopping their top UK investment, according to figures from the CBI business group.

The British Retail Consortium (BRC) added that business seemed to be going “reasonably well” and that large shopping malls like Bluewater in Kent have assessed that 2006 could well be a record year.

“After a slow start, Chrismas sales are really starting to build,” said John Longworth, chairman of the CBI survey panel. “But consumers have left it late to hit the shops and make their annual UK investment in Christmas gifts. This was perhaps due to the unseasonably warm weather and the timing of Christmas Day itself.”

However, in glum contradiction to these upbeat reports about UK investment in retail terms, shopping analysts Footfall said that the number of shoppers hitting the High Street this Christmas is down 9% on last year.

In the online shopping sector, though, the figures show that the Internet is increasingly becoming the shopping arena of choice for millions of people. Online store representative group IMRG predicted that consumers will spend £7bn online this year and that this will continue to accelerate in years to come.




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

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
IMF ‘impressed’ with UK economy

The International Monetary Fund (IMF) has rated the UK’s economy “impressive” and UK investment in it should continue to grow.