Saturday, 28 December 2013

Retailers record strong sales on Boxing Day

Retailers in the UK recorded strong sales during the post-Christmas shopping season as 13million shoppers rushed to shops to get attractive holiday deals.
Retailers record strong sales on Boxing Day

According to estimates, shoppers are expected to spend around £1.8 billion today. It is believed that a total of £2.57 billion was projected to have been spent on December 27, which is 7.1 per cent higher than the £2.4 billion recorded in the previous year, according to the Centre for Retail Research. The total expenditure rose to £3 billon, which is higher than £2.8 billion, which was a previous record that was held by Boxing Day this week and December
21 and 27 of the previous year.
Fashion and technology items emerged as the top selling items in the market this shopping season. Exerts had said that the stormy weather might affect the retail sales as people would prefer to stay indoors but shoppers defied the weather and as an increasing number of shops went on sale during the season attract more customers to the stores across the country.
CRR director Professor Joshua Bamfield explained, "The sales period will be busier than last year, partially because retailers have more unsold stock to sell than last year."


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