Consumers Forecast To Spend £6.52bn This Week

• Consumers set to spend £6.52bn in the build up to Christmas (16th-20th Dec) 
• 55.1m shoppers to hit the high streets to stock up on Christmas gifts as 31.7m shop online
• High street shoppers to spend £3.81bn with online shopping to reach £2.72bn 

In the week leading up to Christmas (16th-20th Dec), spending is predicted to hit £6.52bn as shoppers embark on some final Christmas shopping, a new report reveals. 

The VoucherCodes.co.uk Shopping For Christmas: The build up to Christmas and Boxing Day sales report predicts that spend across, Monday 16th through to Friday 20th December will account for almost half (49%) of all spending in the 10 days building up to Christmas.  

With the week leading up to Christmas being one of the busiest for the retailer sector, £3.81bn is forecast to be spent on the high street alone over the 5 days as 55.1m Brits brave the winter weather for a dash to the shops. A further £2.72bn is expected to be spent online by 31.7m shoppers.  

Forecast total sales and shoppers numbers for Monday 16th- Friday 20th December 2024. 

Of the five day period, Friday 20th December is set to be the day with the highest spend peaking at £1.49bn - this accounts for a whopping 11.2% of the entire ten-day Christmas build-up period. It's followed by Thursday 19th at £1.39bn.  

At the other end of the scale, Monday 16th December has the lowest total spend over the five days with consumers set to splurge £1.18bn, taking its proportion of spend to just 8.8%.

When it comes to online sales, they’re set to spike on Tuesday 17th at £0.75bn, with shopper numbers peaking at 8.9 million on the same day, as consumers rush to make the last delivery dates before Christmas Day. Friday 20th will be the most lucrative day for brick-and-mortar stores (£1.11bn), as 15.1m people flood the high street. 

Forecast online and offline sales and shopper numbers for Monday 16th- Friday 20th December 2024.

Anita Naik, Savings Expert at VoucherCodes.co.uk, commented: “After a year or two of economic uncertainty, Brits - while being a little cautious - are set to sleigh the pre-Christmas sales this year as spending remains high in the week leading up to Christmas. If you are someone who’s still not finished their Christmas shopping, you are not alone as over a quarter of Brits admit to leaving their shopping to the last minute (28%)1. 

“If you’re planning on shopping this week, make sure you check VoucherCodes.co.uk for discounts first. There you can find hand-tested discount codes on a range of Christmas essentials including gifts and party essentials, so you can get the most out of your money this festive season. You can also find a handy list of the last order dates for pre-Christmas delivery to make sure you get your gifts under the tree in time!”

Source : VoucherCodes.co.uk

Image : IR_Stone / iStock / 1355828207

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