"With budgets under pressure and the autumn budget casting uncertainty over household spend, consumers have left their Christmas shopping later this year with Panic Weekend customer numbers up 26% year-on-year. Over the two days, 49.6 million people will shop either in-store or online - that's 10.3m more than the same weekend last year. As the last full weekend before Christmas, consumers will be making the most of their time off work, and as a result offline spend is set to reach £2.55bn over the two days."
"With just five days left until Christmas, Super Saturday (20th Dec) is set to be the most lucrative day over the week leading up to Christmas, with 26.5 million people predicted to shop. In just one day alone, £1.75bn will be spent on festive purchases. The majority of spend (£1.31bn), will come from in-store sales, whilst a further £0.44bn will be spent online. When it comes to Stampede Sunday (21st Dec), slightly fewer people are set to shop with 17.0m braving the high street and 6.1m shopping online."
Panic Weekend spending is forecast at £3.43bn, up from £3.04bn last year, as shoppers delay purchases. Panic Weekend customer numbers are up 26% year-on-year, with 49.6 million people expected to shop over the two days, 10.3 million more than last year. Offline spending is projected at £2.55bn while online spend is forecast at £0.89bn. Super Saturday (20 Dec) is predicted to attract 26.5 million shoppers and £1.75bn in sales, largely in-store. Stampede Sunday (21 Dec) is forecast at £1.69bn with £1.24bn on high streets and £0.45bn online, equating to roughly £3.7m a minute.
Read at London Business News | Londonlovesbusiness.com
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