Search News

Results: 1-10 of 1059


Start again

21 Feb 2024

The latest quarterly State of the Industry survey from the National Hair & Beauty Federation (NHBF) shows that the recovery of the sector was slow and steady through 2023 and into January...

21 Feb 2024

The UK has voted for its favourite pun-based shop name, and 'Sew It Seams' - a clothing alteration store in Belfast - has been awarded the top spot. 

21 Feb 2024

Businesses in the Devon town of Ottery St Mary have praised their local council for initiatives designed to help support them and boost trade.

19 Feb 2024

A new ranking of the most popular independent coffee shops in the world has put three UK cafes in the top 10.

19 Feb 2024

Older people could be the financial shot in the arm needed for Britain’s high street, according to research commissioned by the University of Stirling. 

8 Feb 2024

The ACS (the Association of Convenience Stores) has celebrated the crucial role that rural shops play in thousands of communities across the UK in its 2024 Rural Shop Report.

8 Feb 2024

New research reveals that Apple Pay and contactless payments have overtaken cash payments by a landslide as our favourite ways to pay in-store.

5 Feb 2024

The Federation of Independent Retailers (the Fed) has expressed alarm at new figures that show shoplifting at its highest level in 20 years.

5 Feb 2024

A brand-new festival is being launched next month is “all about community and breathing life into the High Street”, according to Mark Kacary, managing director of The Norfolk Deli in...

5 Feb 2024

The retail sector has been responding to government plans to ban disposable vapes as part of plans to tackle the rise in youth vaping.

Back to news menu

Mixed picture on consumer spending plans for Christmas

Posted on in Business News

New survey data from Deloitte has shown a seven percentage-point rise in the number of UK consumers - from 19% in 2022 to 26% in 2023 - who intend to spend more in the last three months of 2023, partly because of prioritising any savings they’ve made for their Christmas expenditure.

Christmas Shopping

However, this is balanced by the almost three in 10 UK consumers who say they plan to spend less in the festive period this year than last year, reflecting the impact of the ongoing cost-of-living crisis.

Deloitte said many UK consumers are looking to spread their spending across the quarter, with 32% saying they will buy most of their gifts in November, making the most of Black Friday and Cyber Monday promotions.

It said 50% of respondents this year also said they plan to buy their presents in-store, up from 47% in last year's survey.

"The Black Friday and Cyber Monday weekend promotions are critical for retailers, and we expect overall spending to increase again this year as consumers try to make the most of the available sales on offer," Oliver Vernon-Harcourt, head of retail at Deloitte, said.

Deloitte's findings on the number of UK consumers planning to spend less this Christmas are similar to an earlier survey from PwC.

So far this year, despite high inflation and other pressures on the cost of living, UK consumer demand has generally held up. Industry data published earlier this month did show consumer spending lost pace in September, with warm weather hitting sales of autumnal clothing, knitwear and coats.

Back to news menu

Useful links

If you have any other queries please contact us.