The National - News

UK stores hope for pre-Christmas ‘Super Saturday’ to boost ailing sales

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British retailers are hoping a last-minute rush to the shops before Christmas will help boost the United Kingdom’s ailing retail sector after a weaker than expected lead up to the festive trading period.

Shoppers are expected to spend £1.4 billion (Dh6.9bn) on “Super Saturday”, the last Saturday before Christmas Day, which is tomorrow.

Estimates by retail analysts ShopperTra­k expect Britain’s high street stores to be up to 65 per cent busier than average.

“With fears [that] online orders will not reach consumers before Christmas Day, shoppers will step out from behind their screens and take to the high street to finish off their festive gift buying in physical stores,” said Steve Richardson, UK and Middle East and Africa director at ShopperTra­k.

Sunday trading laws in the UK mean larger stores usually close around 4pm London time and so shopper traffic will be busier on Saturday. But Christmas Eve is still expected to be up to 35 per cent busier than an average day.

High street stores are hoping for an extraordin­ary weekend after a cold snap last weekend kept many consumers at home.

British retailers have seen a “weaker than expected” Christmas season this year, according to the Confederat­ion of British Industry (CBI).

“Notwithsta­nding the sales growth seen in the last couple of months, underlying trading conditions are tough for retailers,” said CBI economist Alpesh Paleja. “We expect the squeeze on real pay for households to last a while longer, so retailers will still face challengin­g conditions ahead.” The UK’s economy has slowed in 2017, in part due to the rise in inflation following the result of the 2016 Brexit referendum, with stalling incomes putting a squeeze on household budgets.

British retailers have felt the impact of the Brexit vote too; a weak pound has led to higher import costs, forcing stores to make the choice between absorbing higher prices themselves or risk alienating consumers by rising prices. Traditiona­l department stores such as stalwarts of the British high street John Lewis and Debenhams are also struggling, raising the possibilit­y of further redundanci­es in the retail sector in 2018.

“Department stores are in for a poor Christmas because of the structural pressure they’re under,” Tony Shiret, an analyst at Whitman Howard, told the Financial Times.

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