"Christmas spending is set to hit record highs of £91.12bn this year as consumers splash out on their festive shopping despite the stubbornly high inflation rates and cost of living concerns. New research from VoucherCodes.co.uk's Shopping for Christmas Report 2025 forecasts a 3.2% rise in sales across the six week festive period (from mid-November to end of December) with gifts, food & drink and holiday travel expected to receive the most."
"In terms of retail sales, the UK is set to outperform all other major European countries with the total spend £16.34bn higher than Germany's, the second highest performing nation (£74.78bn). But, when looking into the growth rate, Spain is expected to take the lead with sales up 3.8% YoY - just exceeding the UK's 3.2% growth rate. Germany (2.4% YoY) and the Netherlands (3.0% YoY) are also set to see a large boost in festive sales."
Christmas spending will hit a record £91.12bn this year as consumers spend during the six-week period from mid-November to the end of December. Total retail sales are forecast to rise 3.2% year-on-year while sales volume is expected to fall 0.3%. The UK is forecast to outperform other major European countries by £16.34bn compared with Germany, though Spain will top growth at 3.8% YoY. Households are expected to spend £11.59bn on gifts (average £443 per household), with toys (£2.13bn) and electronics (£2.03bn) prominent. Food & drink (£8.36bn) shows strongest category growth at 3.6%. Decorations remain smallest at £0.63bn with modest 0.3% growth.
Read at London Business News | Londonlovesbusiness.com
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