Christmas is upon us yet again, meaning it0s time to show friends and family how much they are loved by the exchange of gifts, which is good news for the retail sector. Unfazed by the recent credit crunch, a new survey by professional services firm Deloitte shows that consumer spending on Christmas presents in the UK is likely to increase 7% from last year, from 0662 per person to 0706, despite consumer pessimism towards the state of the economy.
Furthermore, The Annual Christmas Retail Survey, released this week and available at the Deloitte website, predicts that this Christmas the most prominent trends in shopping are the increased use of the internet and demand for high-tech items.
The survey, which gathered, information from 1000 respondents, found that twice as many are expected to buy their gifts online compared to last year0s 14%. The survey also found that only one in 10 will spend a full day on the high street. This trend was aided by consumers becoming more familiar and confident with shopping online and improved customer service from e-tailers. The advantage of the internet as a shopping resource is obvious 0 consumers can avoid queues and […]

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