UK re­tail­ers hope for Boxing Day bus­tle

The Pak Banker - - I Nternational -

LONDON: Bri­tish re­tail­ers are hop­ing for a Boxing Day boost as they slash prices in an af­fort to at­tract shop­pers to stores and make up the busi­ness back­log caused by the preChrist­mas cold weather.

Many shops on high streets and malls across are of­fer­ing heavy dis­counts and con­sumers are likely to be out in force to snap up bar­gains be­fore the VAT jumps on Jan­uary 4 to 20 per­cent from 17.5.

Large stores can only open for six hours be­cause Boxing Day this year falls on a Sun­day.

Peo­ple com­ing into London are hav­ing to con­tend with a Tube strike which has left sev­eral lines sus­pended com­pletely with oth­ers op­er­at­ing along only part of their route.

Busi­nesses ex­pect many peo­ple to shop on­line from the com­fort of their own home to avoid the freez­ing con­di­tions and travel prob­lems.

Com­par­i­son web­site mon- ey­su­per­mar­ket.com pre­dicted this year's ag­gre­gate Boxing Day sales could be the biggest ever, say­ing the UK is set to spend 323 mil­lion pounds on­line in a sin­gle day.

Sel­fridges ex­pects 80,000 peo­ple to pass through the doors of its Ox­ford Street store, where it is of­fer­ing dis­counts of up to 75 per­cent. More than an hour be­fore the flag­ship shop opened, the queue of peo­ple wait­ing to get in stretched more than 100 me­tres. -Afp

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