The post-Christmas sales may be getting into full swing, but research suggests shoppers will be spending less than they did last year.
Consumers are forecast to spend £3.7bn on Boxing Day, according to research for the VoucherCodes website, which is down 2.9% on a year earlier.
Early indications are that the number of shoppers visiting stores on Boxing Day is up slightly on last year.
Early indications are that the number of shoppers visiting stores on Boxing Day is up slightly on last year.
That is largely because of pre-Christmas events such as Black Friday, as well as the availability of early discounts online.
This year, major retailers such M&S, Next and John Lewis are not reopening their stores until 27 December.
Analysts say the rise in prices over the past year – which has squeezed households’ incomes – means people are likely to be cautious in the sales.
“The Boxing Day sales provide shoppers with a last-chance opportunity to splurge on themselves for the year,” said Anita Naik from VoucherCodes.
“However, this is now a luxury many people are currently refraining from as the nation continues to contend with inflated prices amidst the cost-of-living crisis, therefore it’s no surprise that this year, fewer of us will be splashing out in the sales.”
The post-Christmas sales may be getting into full swing, but research suggests shoppers will be spending less than they did last year.
Early indications are that the number of shoppers visiting stores on Boxing Day is up slightly on last year.
Consumers are forecast to spend £3.7bn on Boxing Day, according to research for the VoucherCodes website, which is down 2.9% on a year earlier.
That is largely because of pre-Christmas events such as Black Friday, as well as the availability of early discounts online.
Early indications are that the number of shoppers visiting stores on Boxing Day is up slightly on last year.
Early indications are that the number of shoppers visiting stores on Boxing Day is up slightly on last year.
That is largely because of pre-Christmas events such as Black Friday, as well as the availability of early discounts online.
This year, major retailers such M&S, Next and John Lewis are not reopening their stores until 27 December.
Analysts say the rise in prices over the past year – which has squeezed households’ incomes – means people are likely to be cautious in the sales.
“The Boxing Day sales provide shoppers with a last-chance opportunity to splurge on themselves for the year,” said Anita Naik from VoucherCodes.
“However, this is now a luxury many people are currently refraining from as the nation continues to contend with inflated prices amidst the cost-of-living crisis, therefore it’s no surprise that this year, fewer of us will be splashing out in the sales.”
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