Home / Knowledge / News / Apparel/Garments / Clothing shoppers in for nasty surprise this Christmas
Clothing shoppers in for nasty surprise this Christmas
01
Dec '09
Christmas shoppers in UK may be in for a nasty surprise this December, when they embark on their Christmas and New Year shopping. After having provided huge discounts in the last Christmas period and the best part of 2009, retailers are planning to cut discounts in this season.

Last year around the same time, over 90 percent of UK retailers were trying to outdo each other by offering huge discounts to consumers who were shirking the markets, in the aftermath of the economic turmoil which had begun from the US and slowly gripped other countries.

According to a analysis conducted by PricewaterhouseCoopers (PwC) only 43 percent of city-centre based retailers were offering discounts or ran promotional campaigns last week, compared with 63 percent who offered the same last year in the same period.

According to Richard Dickinson, CEO of the New West End Company, the organisation which represents retailers in central London's main shopping district, “There's much less blanket discounts this year and only 40 percent of central London retailers are planning pre-holiday discount days this year”.

Last year, the biggest clothing retailer Marks & Spencer had conducted two, one-day special discounting days, in which it had offered discounts on most of its products of up to 20 percent, which is unlikely to be repeated this year, said the Chairman, Mr Stuart Rose.

Though, not everyone agrees that the holiday will see growth in UK retail sales. Verdict Research forecasts a 0.7% drop. Deloitte expects Christmas sales to be a 'whisper' up on last year, only to fall by 1.5% in 2010 because of a planned increase in value-added tax in January and potential rises in interest rates and unemployment.

Fibre2fashion News Desk - India

Must ReadView All

Information Technology | On 28th Mar 2017

Intex Consulting signs partnership with Kawan Era Baru

Germany based Intex Consulting GmbH has entered into a strategic...

Courtesy: Kraig Laboratories

Textiles | On 28th Mar 2017

Kraig gets certificate for silk production in Vietnam

Kraig Biocraft Laboratories, Inc., a leading biotechnology company...

Courtesy: Creora

Textiles | On 28th Mar 2017

Hyosung holds Creora workshops in China, HK & Taiwan

South Korean specialty fibre producer Hyosung held a series of...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search