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UK Bargain Hunters Out In Force Early For Boxing Day Sales

LONDON (Alliance News) - Boxing Day bargain hunters were up early queuing outside stores as the ...

Alliance News 26 December, 2018 | 11:20AM
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LONDON (Alliance News) - Boxing Day bargain hunters were up early queuing outside stores as the post-Christmas sales saw prices slashed by as much as 70%.

December 26 is the most popular day to shop during the Christmas sales period, according to Barclaycard, with three in 10 people planning to take advantage of the deals.

Stores have swapped their festive windows for huge signs promising hefty discounts.

Shoppers queued outside stores around the country before first light, and people were pictured inside with armfuls of half price clothes, while more than half a million people are expected to descend on central London.

Jace Tyrrell, chief executive at New West End Co, representing businesses in Bond Street, Oxford Street and Regent Street, said: "Over half a million visitors expected in the West End today with GBP50m expected to go through the tills.

"Up to 70% off as retailers pull out all the stops to clear as much stock as possible before the critical year end and Q1 costs come through."

Boxing Day still remains a key shopping day – twice as much money was spent on Boxing Day than Black Friday last year – while the period between Christmas Day and New Year generated GBP12 billion in sales, according to ShopperTrak.

High street retailers had already cut prices after trading on the busiest shopping day of the year, dubbed "Super Saturday", failed to lure shoppers to stores.

It has been a torrid year for retailers with notable high street names such as Poundworld and Maplin falling into administration, Marks & Spencer and Debenhams announcing plans to shutter stores, while Superdry, Carpetright and Card Factory issued profit warnings.

High street retailers have been battling higher costs, low consumer confidence as shoppers rein in spending amid Brexit uncertainty and people increasingly shop online rather than visit bricks-and-mortar stores.

John Lewis shoppers will not even have to wait until Boxing Day, with clearance having already started online at 5pm on Christmas Eve.

The sales will start in most shops on Thursday December 27 but its stores in the Trafford Centre, Heathrow and St Pancras are open on Boxing Day.

Argos will be starting its sale on Christmas Day online, as it did last year.

Debenhams is starting its sale online and in stores on Boxing Day, and will continue with the deals until the New Year.

However, the department store has been running significant sales before Christmas even arrived, with up to 50% off on designer womenswear and beauty and fragrance.

Tech giant Currys PC World is set to slash its prices, with last year's deals including bargains on laptops, TVs, washing machines and fridge freezers.

Samsung TVs were reduced by GBP700 and the price of the Lenovo IdeaPad was slashed by GBP220.

High street stalwart M&S is offering up to 50% off for Boxing Day shoppers.

By Press Association Reporters

source: Press Association

Copyright 2018 Alliance News Limited. All Rights Reserved.

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