The market researcher Deloitte has predicted that this years Christmas consumer spend will be one per cent higher than last year.
According to Retail Week, the figures come from a survey that found that 71 per cent of respondents intended to spend more on gifts, while 79 per cent intended to spend more on entertainment and leisure.
“Each year, consumers tell us they will do whatever they can to enjoy Christmas and this year will be no different,” said Deloitte’s UK head of retail, Ian Geddes.
However, the rosy forecast is not expected to continue in to 2011, where Deloitte expects that the industry will not see any growth over the course of the year. This is reflected in the survey, which sees 38 per cent of respondents forecasting the economy to deteriorate.
Fancy taking part in PCR's Channel Survey? To have your say about the issues affecting retailers and resellers, click here.
Advertisement
Related Stories
- Daily deals websites get the Apprentice treatment May 23rd 2012 at 9:58PM
- Lenovo net profits soar by 73% May 23rd 2012 at 10:55AM
- iPad boosts April online sales to strongest in 18 months May 22nd 2012 at 10:53AM
- Dixons reports growth in UK sales in latest statement May 10th 2012 at 9:14PM
- TP-Link partners with Asda May 9th 2012 at 2:46PM
- Are you selling the Connected Home? May 2nd 2012 at 12:53PM
- Clare Rayner: Climb the 10 Steps to Retail Success May 2nd 2012 at 11:43AM
- Tesco sees UK profits fall Apr 18th 2012 at 10:51AM
