High Street Retailers Set for a Blooming Business

  • £5bn expected to be spent on Mother’s Day compared to 2017
  • 8% increase in card transactions for high street retailers
  • Florists predicted to see a 18% increase in takings
  • Hair and beauty salons expect an extra 8.5% in sales
  • Bars, pubs, and restaurants anticipate 8.5% rise in card payments

Liberis, a leading small business finance provider, predicts that British shoppers will spend over £5bn on Mother’s Day compared to 2017. High street retailers are expected to see an 8% increase in card transactions compared to a normal weekend. Florists may witness a 18% rise in card takings compared to a regular trading week, while hair and beauty salons anticipate an additional 8.5%. Bars, pubs, and restaurants are gearing up for one of their busiest weekends with card payments set to increase by 8.5% over a typical weekend. Rob Straathof, CEO, stated that Liberis data debunks the myth about declining love for the British high street as consumers are willing to spend on Mother’s Day gifts like flowers and spa sessions.

Factuality Level: 8
Factuality Justification: The article provides relevant information about expected spending increases for various businesses during Mother’s Day compared to normal weekends and includes a quote from the CEO of Liberis. It also mentions previous research on SME owners’ opinions about high street trading. However, it lacks direct sources or links to the data mentioned in the article, making it difficult to verify its accuracy.
Noise Level: 3
Noise Justification: The article provides relevant information about expected spending trends for Mother’s Day and how it benefits certain businesses. However, it lacks in-depth analysis or exploration of long-term trends or consequences of these decisions on those who bear the risks.
Financial Relevance: Yes
Financial Markets Impacted: High street retailers, florists, hair and beauty salons, bars, pubs and restaurants
Financial Rating Justification: The article discusses the expected increase in spending for Mother’s Day and its impact on various businesses, which is related to financial topics as it involves consumer spending and business performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.

Reported publicly: www.retailsector.co.uk