High-street to Benefit from Delayed Christmas Spending

The snowy weather earlier this month has delayed Christmas shopping this year, providing retailers with an opportunity to capitalise on a last-minute spending spree, Barclays has said. Research from Barclays predicts that total consumer spending over the Christmas period will reach £48.9 billion – an 8 per cent rise on last year. The survey also found three-quarters of money spent on debit cards this Christmas will be high-street sales, with just a quarter spent online. Barclays director of current accounts, Dan Wass, said that many customers have left their Christmas shopping late this year, due to bad weather conditions with sales expected to peak on 23 December. “The early snow this month meant that the start of December was a little quieter on the high street than expected. This ... »