A Reasonably Good Christmas for Retailers, Says Mintel

  • UK retail sales predicted to grow 4% in December
  • Non-food retailers expected to reach £23.5bn, food retailers £18.6bn
  • Online sales from physical stores estimated at £4bn, total online sales £11bn
  • Mintel predicts overall growth due to consumer confidence and momentum

Global market research firm Mintel predicts that UK retail sales will reach £47.7bn in December, a 4% increase from last year’s £45.8bn. Non-food retailers are expected to generate £23.5bn (including £4bn from online sales through physical stores), while food retailers could see sales of £18.6bn. Online sales from physical non-food and food stores are estimated at £5.4bn, combined with the £5.6bn generated by internet pure players, resulting in a total online sales worth £11bn. Richard Perks, director of retail research at Mintel, believes that while there may be some concerns about the impact of online retailing on High Street stores, physical shopping still dominates. He expects retail sales growth to continue with a 4% increase in Q4 and December.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information from a reputable source (Mintel) about the predicted retail sales for December. It includes relevant data and quotes from an expert in the field. However, it could be improved by providing more context or background information on the factors affecting consumer confidence.
Noise Level: 3
Noise Justification: The article provides relevant and accurate information about the predicted growth in retail sales for December based on research from Mintel. It also includes a balanced perspective from Richard Perks, director of retail research at Mintel, discussing both potential challenges and opportunities for retailers. The article stays on topic and supports its claims with data.
Financial Relevance: Yes
Financial Markets Impacted: Retail industry
Financial Rating Justification: The article discusses predictions for retail sales growth and its impact on the retail sector, which is a financial topic as it relates to company performance and market trends.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article

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