High streets are set to be crowded this weekend (Image: AdobeStock)
UK shoppers are predicted to spend £5.2bn on Christmas shopping this weekend in four days of panic buying – with in-store spending outstripping online by around three to one – according to a new report.
The VoucherCodes.co.uk Shopping for Christmas 2020 report, carried out by the Centre for Retail Research (CRR), estimates that shoppers will spend a total of £1.55bn both online and offline – a 19% increase on 2019. This equates to £1.1bn in-store and £450m online.
Despite tier systems being in place across the UK, 11 million shoppers are expected to hit the high street on Friday, with some only just starting their Christmas shopping this weekend.
Super Saturday (19 December) is set to be the peak trading day in December for stores in the lead up to Christmas with 11.5 million shoppers planning to visit their favourite retailers’ physical shops. It is predicted footfall will be up 12% in comparison to 2019. Despite this, forecasts predict that £1.6bn will be spent - £1.4bn offline and £250m online, which is 3% less than in 2019.
London is expected to lead the charge in terms of spending across Frenzied Friday and Super Saturday with a total of £504m being splurged in the capital followed closely by the South East at £485m.
via https://AiUpNow.com December 16, 2020 at 05:13AM by Paul Skeldon, Khareem Sudlow,
