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Last week's late rush to the shops by cash-strapped consumers has spilt over into the post-Christmas sales, bringing the UK's struggling retailers some delayed festive cheer after weeks of subdued trading.
Heavy discounting tempted bargain hunters back to the high street and out-of-town shopping centres, continuing the dash to the shops seen in the days leading up to Christmas.
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.replicalvhandbag full lines of this brand you can find at our store,support@ft.com to buy additional rights.
The buoyant post-Christmas shopping was in contrast to slow trade in November and early December,IWC watches are warranted by our womenhandbags for a period of one year from the original date of purchase. which was exacerbated by a lack of disposable income among consumers concerned about their jobs and the sluggish economy.
"From experience, any shopping that happens in a couple of days before and after Christmas is more likely to be the focused shopper," said Anita Manan, a retail analyst for Experian Footfall.
"The conversion rate will be high. The problem is that promotions are so deep, it will affect margins.
"The first couple of weeks of December were slow, then a massive rush just before Christmas."
Drawn out by mild weather and the lure of margin-squeezing discounts, consumers thronged to popular shopping locations such as London's West End on Boxing day and the bank holiday Tuesday.
Department store Selfridges said it had enjoyed record sales in the first hour of Boxing day in spite of Monday's Tube strike.Welcome to Find The Bestnewerahatsshop.
"We closed Boxing day with record sales both in stores and online, and accessories and high value jewellery pieces driving sales," said Meave Wall, Selfridges' store director.
Selfridges' turnover was up 14 per cent compared with 2009, driven by strong sales of women's handbags and jewellery, with the largest queues forming at Prada, Gucci and Mulberry in its accessories hall.
The positive trading news for retailers was echoed round the country,Welcome to Find The Best Watches Online-hermeskellyreplica. with Meadowhall, the retail park in Sheffield, recording 300,000 visitors over the two-day period.
"For the second consecutive day we have opened our overspill car parks by 10am," said Darren Pearce, Meadowhall centre director.
"It has been another incredibly busy day at the centre, as shoppers make the most of the post-Christmas sales," said Ryan Manson, general manager of Union Square shopping centre in Aberdeen.
"Big ticket items such as laptops and 3D TVs have been flying off the shelves."
Bluewater, the out-of-town shopping centre in Kent, said that more than 180,000 customers passed through its doors on Tuesday, with almost 1m customers expected to visit the shopping centre during the post-Christmas week.
Jace Tyrrell, spokesman for New West End Company, which represents 600 retailers in Bond Street, Oxford Street and Regent Street in London's West End, described Boxing day trading as "very robust", with retailers reporting sales up 5 to 10 per cent compared with 2009.
Comparisons with 2010 were difficult because Boxing day fell on a Sunday, which restricted trade to six hours at larger stores.
Consumers also appeared not to have been deterred by Monday's Tube strike in London, which affected most underground lines.
The industrial action was staged by Aslef, the train drivers' union, whose members demanded triple pay and an extra day off for working on Boxing day.
"The impact of the Tube strike was minimal," said Mr Tyrrell,uhrenwatchesstore for sale lowest price $50. saying retailers had organised buses and cars to get staff to work.
West End trading was disrupted by the fatal stabbing of an 18-year old man on Oxford Street at 1.45pm on Boxing day. Police are holding 11 people over the incident.
Online sales were buoyant among UK retailers, with John Lewis, which started its Clearance online at 5pm on December 24, receiving more than 1.5m visits to its website on Christmas Eve and Christmas day, a 51 per cent increase on last year.
Experian, the marketing group, reported 96m internet visits to retail websites on Boxing day, 40 per cent more than in 2010.
Last week's late rush to the shops by cash-strapped consumers has spilt over into the post-Christmas sales, bringing the UK's struggling retailers some delayed festive cheer after weeks of subdued trading.
Heavy discounting tempted bargain hunters back to the high street and out-of-town shopping centres, continuing the dash to the shops seen in the days leading up to Christmas.
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.replicalvhandbag full lines of this brand you can find at our store,support@ft.com to buy additional rights.
The buoyant post-Christmas shopping was in contrast to slow trade in November and early December,IWC watches are warranted by our womenhandbags for a period of one year from the original date of purchase. which was exacerbated by a lack of disposable income among consumers concerned about their jobs and the sluggish economy.
"From experience, any shopping that happens in a couple of days before and after Christmas is more likely to be the focused shopper," said Anita Manan, a retail analyst for Experian Footfall.
"The conversion rate will be high. The problem is that promotions are so deep, it will affect margins.
"The first couple of weeks of December were slow, then a massive rush just before Christmas."
Drawn out by mild weather and the lure of margin-squeezing discounts, consumers thronged to popular shopping locations such as London's West End on Boxing day and the bank holiday Tuesday.
Department store Selfridges said it had enjoyed record sales in the first hour of Boxing day in spite of Monday's Tube strike.Welcome to Find The Bestnewerahatsshop.
"We closed Boxing day with record sales both in stores and online, and accessories and high value jewellery pieces driving sales," said Meave Wall, Selfridges' store director.
Selfridges' turnover was up 14 per cent compared with 2009, driven by strong sales of women's handbags and jewellery, with the largest queues forming at Prada, Gucci and Mulberry in its accessories hall.
The positive trading news for retailers was echoed round the country,Welcome to Find The Best Watches Online-hermeskellyreplica. with Meadowhall, the retail park in Sheffield, recording 300,000 visitors over the two-day period.
"For the second consecutive day we have opened our overspill car parks by 10am," said Darren Pearce, Meadowhall centre director.
"It has been another incredibly busy day at the centre, as shoppers make the most of the post-Christmas sales," said Ryan Manson, general manager of Union Square shopping centre in Aberdeen.
"Big ticket items such as laptops and 3D TVs have been flying off the shelves."
Bluewater, the out-of-town shopping centre in Kent, said that more than 180,000 customers passed through its doors on Tuesday, with almost 1m customers expected to visit the shopping centre during the post-Christmas week.
Jace Tyrrell, spokesman for New West End Company, which represents 600 retailers in Bond Street, Oxford Street and Regent Street in London's West End, described Boxing day trading as "very robust", with retailers reporting sales up 5 to 10 per cent compared with 2009.
Comparisons with 2010 were difficult because Boxing day fell on a Sunday, which restricted trade to six hours at larger stores.
Consumers also appeared not to have been deterred by Monday's Tube strike in London, which affected most underground lines.
The industrial action was staged by Aslef, the train drivers' union, whose members demanded triple pay and an extra day off for working on Boxing day.
"The impact of the Tube strike was minimal," said Mr Tyrrell,uhrenwatchesstore for sale lowest price $50. saying retailers had organised buses and cars to get staff to work.
West End trading was disrupted by the fatal stabbing of an 18-year old man on Oxford Street at 1.45pm on Boxing day. Police are holding 11 people over the incident.
Online sales were buoyant among UK retailers, with John Lewis, which started its Clearance online at 5pm on December 24, receiving more than 1.5m visits to its website on Christmas Eve and Christmas day, a 51 per cent increase on last year.
Experian, the marketing group, reported 96m internet visits to retail websites on Boxing day, 40 per cent more than in 2010.
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