Footfall on high streets is down but internet retailers see their best year ever
The research by comparison website MoneySupermarket.com found shoppers were planning to spend £2.9bn on the first day of sales alone.
Meanwhile market analysis firm Experian said yesterday was likely to be the “biggest and busiest ever” Boxing Day for online retailers, accounting for almost £500m of total sales.
Sales yesterday were described as “pleasantly robust” by retailers on the ground, but shops are predicting a strong showing from bargain-hunters on 27 December, the day after Boxing Day.
Jace Tyrrell, deputy CEO of the New West End Company, which represents more than 600 retailers across London’s West End, said Oxford Street was lined with “eager” bargain-hunters this morning.
“It was a good Boxing Day, but I think today and tomorrow will be even stronger,” he said. “We’ve had a lot of international visitors – I’d say three quarters of the street crowds were overseas tourists.”
He said visitors from China, the Middle East Nigeria were spending significant amounts of money on luxury items in big department stores.