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Fewer people visit UK shops on last Saturday before Christmas Fewer people visit UK shops on last Saturday before Christmas
(about 4 hours later)
Hopes for good trading before festive break dashed as visitor numbers fall 8% on last yearHopes for good trading before festive break dashed as visitor numbers fall 8% on last year
Saturday was not so super for retailers last weekend, as numbers visiting high streets and shopping centres fell by nearly 8% on the previous year. Saturday was not so super for retailers last weekend, as numbers visiting high streets and shopping centres fell by nearly 8% compared with the previous year.
With some retailers accepting online orders as late as Christmas Eve, shoppers now have many more choices about the way they shop and often hang on for last-minute bargains.With some retailers accepting online orders as late as Christmas Eve, shoppers now have many more choices about the way they shop and often hang on for last-minute bargains.
More than a third (36%) of Brits have left gift-buying until the last few days before Christmas, according to Argos. It said 10% more men than women leave gift-buying until very late, with the most popular gift bought in its stores on Christmas Eve last year being an electric toothbrush. More than a third (36%) of Brits have left gift-buying until the last few days before Christmas, according to Argos. It said 10% more men than women leave gift-buying until very late, with the most popular gift bought in its stores on Christmas Eve last year being an electric toothbrush. John Lewis expected novelty socks and gadgets such as airpods and smart speakers to be its most popular last-minute items.
The lower turnout on Saturday, traditionally one of the busiest shopping days of the year, came despite a flurry of discounts from retailers in an effort to tempt bargain hunters after a difficult trading year. Monday was expected to be the busiest day for food retailers with Waitrose expecting to sell 214,000kg of sprouts in the final days before Christmas and 250% more quails eggs than usual.
Industry experts said the plethora of promotions on offer since November, and particularly over the Black Friday discount period at the end of November, meant many had spent their money early or were unexcited by further price cuts. The lower turnout recorded by shopper monitoring firm Springboard on Saturday –traditionally one of the busiest shopping days of the year – came despite a flurry of discounts from retailers in an effort to tempt bargain hunters after a difficult trading year.
Industry experts said the plethora of promotions on offer since November, and particularly over the Black Friday discount period at the end of November, meant many had spent their money early or were underwhelmed by further price cuts.
Late last week Topshop and Miss Selfridge increased their discounts to up to 60%, from 40% and 50% respectively earlier in the week, while Jigsaw, Peacocks and House of Fraser increased their price cuts to 50%, matching Debenhams, Hobbs and Oasis, which had deepened their discounts.Late last week Topshop and Miss Selfridge increased their discounts to up to 60%, from 40% and 50% respectively earlier in the week, while Jigsaw, Peacocks and House of Fraser increased their price cuts to 50%, matching Debenhams, Hobbs and Oasis, which had deepened their discounts.
Marks & Spencer also added knitwear to its price-cutting pile, offering 40% off its key seasonal category, as well as a half-price on beauty gifts offer.Marks & Spencer also added knitwear to its price-cutting pile, offering 40% off its key seasonal category, as well as a half-price on beauty gifts offer.
The difficult trading is expected to bring further distress for retailers in early 2020 after numerous administrations and store closures this year. The number of retailers in financial distress in the final quarter of the year has risen 1.4% on the same period last year to 27,000, according to data from the corporate recovery firm Begbies Traynor. Fashion chains are among the worst affected, with the number in distress increasing by 21% in the past three years to 3,355.The difficult trading is expected to bring further distress for retailers in early 2020 after numerous administrations and store closures this year. The number of retailers in financial distress in the final quarter of the year has risen 1.4% on the same period last year to 27,000, according to data from the corporate recovery firm Begbies Traynor. Fashion chains are among the worst affected, with the number in distress increasing by 21% in the past three years to 3,355.
Online retailers are not immune to the slowdown, with the number in trouble up by 65% in the past three years, to more than 9,000.Online retailers are not immune to the slowdown, with the number in trouble up by 65% in the past three years, to more than 9,000.