mobanmarketResearch by business analysts Deloitte has indicated British shoppers are not concerned about the global economy and will continue shopping the High Street this Christmas.Total retail spending will be 7% higher this Christmas with average expenditure per person at £706, up from £662 last year, according to a report. Deloitte said there was “little evidence” of growing consumer caution.
The BBC stated Deloitte warned that the current global financial instability could affect confidence in the coming weeks, but overall, Deloitte painted a positive picture of the High Street’s likely fortunes over the crucial festive period. It said its research suggested that consumers had not been persuaded to spend less by general economic concerns or the recent financial crisis at Northern Rock.
More and more shoppers will be turning to the internet to buy goods this year, Deloitte suggested.
Its research concluded 66% of consumers will research or buy goods online this Christmas, compared to 51% last year.
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