Search:
 

High street humbug for Xmas

Companies: ASC    EBTM    KLZ   
06/12/2005

Online retailers have received a hearty slug of Christmas cheer with the news that web-based sales are expected to increase by £1.5 billion in the festive run-up.
Research from IMRB predicts that shoppers, unwilling to brave the particularly frosty high street pavements this winter, will prefer to peruse prospective presents from the comfort of their home computers.

Accountant Deloitte agrees, estimating a 50 per cent increase in the use of the internet for Christmas shopping, with the principal reasons for choosing particular sites being convenience, value for money and price.

Nevertheless, Deloitte believes consumers will tighten their purse strings and overall spending will fall by £400 million to £14.7 billion, from last year’s predicted gift spend of £15.1 billion. It calculates the average amount spent on gifts per person will be £310.
The Welsh will apparently be most generous and will part with an average of £359, compared to the famously frugal folk in Yorkshire, who are predicted to tighten their belts by 26 per cent and spend £276.

Likely winners among the AIM-listed internet retailers could be ASOS, the teenage-clothing venture, and Kleeneze, through its iwantoneofthose.com gift website. Internet retail consultants like e-retail could see business boom longer term.


Related Articles:
12/03/2008
03/03/2008
15/02/2008
07/02/2008
17/01/2008

People who read this article also read ...
09/02/2006
06/12/2005
06/12/2005
05/12/2005
13/08/2002

Sponsored Listings

Share We present absolutely free financial information and a superior financial search system.

Shares Looking for Shares? Review our comprehensive listings.

Get the Share Deals You Deserve Choose from a variety of the UK's favourite shares specialists. Great deals and all the latest prices.

Recent Articles

EBTM
20/06/2008

EBTM into the black
01/05/2008

Seymour Pierce
30/10/2007

Lowlifer joins EBTM
09/08/2007

Christmas bonus
09/02/2007

Announcements

Sector Articles

ASOS
18/11/2008

Green swoops on Moss Bros
12/11/2008

Dignity
10/11/2008

Dreaming of a gloomy Christmas
03/11/2008

Greggs
15/10/2008