Home / Articles / Britons set for £4.3bn Boxing Day sales splurge

Britons set for £4.3bn Boxing Day sales splurge


Britons are expected to embark on a £4.3bn spending spree as the Boxing Day sales kick in – up sharply from last year as squeezed consumers search for a bargain.

The total spend is predicted to rise by 12% from 2016, according to VoucherCodes and the Centre for Retail Research.
Barclaycard, meanwhile, says one in three Britons (34%) will go to the festive sales – up from 23% last year.
A poll for the company found that months of “feeling the squeeze” this year is resulting in many consumers looking forward to the sales to ease their budgets.

It would represent somewhat of a recovery for the tradition post-Christmas price drop, which was affected last year by an extended period of sales for Black Friday.

More from UK

Paul Lockstone, managing director at Barclaycard, said: “Last year, Black Friday overshadowed Boxing Day sales as many retailers struggled to maintain consumer interest in what has become a month-long discounting event.
“This year, however, value-seeking consumers appear to be more eager to buy cut-price items across both sales periods as they try to combat rising prices.”

Source: Sky

About Business Ideas UK

My name is Joel Bissitt. I have been an entrepreneur for 24 years and have run many small businesses across various sectors. For the last 10 years I have worked mainly within online media, franchising and small business start-ups. I am an author of various websites including Franchise UK https://www.franchise-uk.co.uk

Check Also

US stocks fall after Trump cancels N Korea summit

US stocks have dropped sharply following Donald Trump’s announcement that the summit with North …

Free Franchise Guide

Free Franchise Guide

 
Interested in buying a franchise? The our FREE Franchise Guide is a must! The guide contains lots of information to help you decide if franchising is right for you.