Record-Breaking Pre-Xmas Sales Predicted for 16 and 17 December
- Shoppers expected to spend £3.31bn during the ‘panic weekend’
- Spending is forecasted to rise by 15.3% compared to last year
- 38 million people will shop in-store or online on 16 and 17 December, 3.8 million more than last year
- 16 December predicted to have the highest sales at £1.76bn
- 12.7 million people to hit high street spending £1.15bn (19% more than last year)
- 6.8 million consumers will shop online, spending £61m
- 10.3 million Brits to spend £86m in stores on 17 December
- 8.2 million people to shop online, spending £68m
- Sunday 17 December with the second highest spend at £1.55bn
A new report by VoucherCodes.co.uk predicts a significant increase in pre-Christmas shopping spending, with the ‘panic weekend’ on 16 and 17 December expected to see £3.31bn spent. This is a 15.3% rise compared to last year’s £2.87bn. The report attributes this to 38 million people shopping in-store or online, 3.8 million more than the previous year. The 16th of December is expected to see the highest sales at £1.76bn, with 12.7 million people hitting the high street and spending £1.15bn (up 19% from last year. Additionally, 6.8 million consumers will shop online, spending £61m. On the 17th, 10.3 million Brits are predicted to spend £86m in stores, while 8.2 million people will shop online for £68m. Sunday the 17th is expected to have the second-highest spend at £1.55bn.
Factuality Level: 8
Factuality Justification: The article provides accurate information from a reputable source (VoucherCodes.co.uk) about Christmas shopping trends and forecasts spending patterns during the ‘panic weekend’. It includes relevant data and quotes from an expert in the field. However, it could be improved by providing more context on the methodology used for the report and including sources beyond the company’s own research.
Noise Level: 4
Noise Justification: The article provides some relevant information about Christmas shopping trends and forecasts for sales, but it is mostly focused on reporting the findings of a specific report without much analysis or context. It lacks in-depth discussion of the reasons behind these trends and does not offer any actionable insights or new knowledge for readers.
Financial Relevance: Yes
Financial Markets Impacted: Retailers and online shopping platforms
Financial Rating Justification: The article discusses the expected increase in consumer spending during the ‘panic weekend’ before Christmas, which will impact retailers and online shopping platforms. This has financial relevance as it affects their sales and revenue.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no mention of an extreme event in the text.
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