{"id":245405,"date":"2023-12-22T10:48:15","date_gmt":"2023-12-22T10:48:15","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=245405"},"modified":"2023-12-22T15:51:32","modified_gmt":"2023-12-22T15:51:32","slug":"uk-retailers-to-see-1-12bn-in-sales-on-christmas-eve-but-consumers-continue-to-be-cautious","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/uk-retailers-to-see-1-12bn-in-sales-on-christmas-eve-but-consumers-continue-to-be-cautious\/","title":{"rendered":"UK retailers to see \u00a31.12bn in sales on Christmas Eve but consumers continue to be cautious"},"content":{"rendered":"

UK retailers are expected to welcome \u00a31.12 billion in sales this Christmas Eve, as consumers pick up last minute essentials for the big day, a new report reveals.\u00a0\u00a0<\/strong><\/p>\n

<\/p>\n

However, that forecast is down 0.9% on 2022 (\u00a31.13 billion) as consumers also continue to be cautious amid the cost-of-living crisis.<\/p>\n

The \u2018Shopping for Christmas: The build up to Christmas and Boxing Day sales<\/a> report\u2019 by VoucherCodes.co.uk says that 12 million consumers are set to shop in the UK this Christmas Eve, with 9.9 million planning to head to the high street.<\/p>\n

Retailers with physical stores are expected to take \u00a30.92 billion in sales on Christmas Eve, but it\u2019s a different story for online retailers, as just \u00a30.20 billion will be spent by online shoppers on Christmas Eve, largely due to delivery dates not stretching to Christmas Day.<\/p>\n

Michael Brandy, Senior Commercial Director at VoucherCodes.co.uk<\/a>, said: \"Despite sales being down from last year, almost 10 million Brits are expected to hit the shops for any last minute essentials on Christmas Eve.<\/p>\n

\"With just a few hours left until Christmas Day, it\u2019s the last chance to profit from the festive boost in sales - so retailers should make sure they have plenty of stock to ensure they can take full advantage of the extra footfall.\"<\/p>\n

On Christmas Day itself, online retailers are expected to see sales reach \u00a30.95 billion, as 11 million Brits are \"expected to take a break from their festivities\" to make the most of the post-Christmas sales - a 12% decrease from last year\u2019s spend of \u00a31.08 billion.<\/p>\n

Looking ahead to Boxing Day, UK retailers are expected to welcome \u00a33.68 billion in sales, though that will be down 2.9% on 2022 (\u00a33.79 billion), despite inflation.<\/p>\n

Around 22.5 million consumers are expected to shop on Boxing Day, with 15.3 million planning to hit the high street.<\/p>\n

Additionally, retailers are set to see a total of \u00a313.53 billion in sales during the week of \u00a025-31 December, a decline of 3.8% year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"

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