Buyers TODAY will be spending more than a BILLION online on early Boxing Day sales – but the forecast is 12 percent lower than last year as people feel a pandemic
- Buyers are expected to spend £ 1 billion online over Christmas and £ 1.7 billion on Boxing Day
- In 2019, shoppers spent £ 1.2 billion shopping online on Christmas Day
- Total online and in-store sales are expected to decrease by 23% compared to the previous year
- Non-essential stores in Tier 4 areas will be closed after Christmas, impacting sales
Buyers are expected to spend over a billion euros on online sales on Christmas Day, a 12% decrease from the corresponding day last year.
The number of online sales has increased during the pandemic. 8.1 million shoppers are online and are expected to spend £ 1 billion online tomorrow and £ 1.7 billion on Boxing Day.
The numbers, however, are significantly lower than last year when the British spent nearly £ 1.2 billion on Christmas Day.
Shoppers are expected to spend over a billion euros on online sales on Christmas Day, but the number is expected to drop 12% year over year
Figures show that total sales between Christmas and the end of December will decrease by an average of 23% compared to the previous year.
In 2019, shoppers spent £ 1.2 billion online shopping on Christmas Day, while on Boxing Day, shoppers spent £ 4.3 billion on High Streets and online.
This year, shoppers are expected to spend £ 3.2 billion on High Streets and online on Boxing Day. In many parts of the country, "non-essential" businesses are closed as six million more people board Tier 4.
Last year the British spent nearly £ 1.2 billion online on Christmas Day, while in 2020 they are projected to spend a little over £ 1 billion
8.1 million shoppers chose to shop online this year – a 26% decrease compared to the 11 million in 2019
Boxing Day sales are expected to decrease for the third straight year, although online spending is expected to increase 56%.
The government's announcement of the new Tier 4 lockdown in parts of the country has had a negative impact on brick and mortar stores, with a general drop in sales over the Christmas season.
Tier 4 closings have impacted the retail outlook for non-food retailers, according to the Center for Retail Research's study of VoucherCodes, based on interviews with 50 major UK retailers and over 1,000 shoppers.
Anita Naik, Lifestyle Editor at VoucherCodes.co.uk commented: & # 39; Post-Christmas sales are always one of the busiest times for retailers, and while it still does, it's not surprising that sales for declining third year in a row, particularly due to new restrictions that apply to most of the country.
“At levels 1, 2 and 3, retailers can still trade, so the picture is mixed. However, the impact on spending in Scotland and Wales – both of which will introduce new lockdown measures from Boxing Day – as well as areas in England that are already in Tier 4 are severe.
“Of course, consumers can still get the most of their sales by shopping online, and the prospects look better here. For those looking for a bargain, DealFinder by VoucherCodes automatically finds and delivers the best discounts while you shop online, and is a quick and easy way to ensure you don't overspend. & # 39;
Huge parts of the country will enter Tier 4 after Christmas, with more to come