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Clothing & footwear retailers set to benefit this year

02
Apr '07
Easter 2007 – Spending Statistics:
• Easter 2007 is estimated to be worth £7.8 billion to UK retailers, a 4% rise from 2006.
• An estimated £4.3 billion will be spent in the week running up to Easter, with approximately a further £3.5 billion spent over the Easter weekend.
• In Easter week (up to and including Easter Saturday), consumers will spend £832 million more than in an average week in April.
• On average, each household will spend £350 over the Easter weekend.
• Clothing and Footwear retailers are set to benefit this year, with an estimated £670 million being spent over the holiday weekend.
• An estimated £94 million of Fair Trade chocolate will be bought this year, with consumers spending £75 million on Fair Trade chocolate Easter eggs.
• Consumers are likely to spend £3.1 billion on food & drink in the week up to and including Easter Saturday, a little over £100 million more than last year.

BRC Director General, Kevin Hawkins, commented: "Easter generally marks the end of the toughest quarter in the retail calendar. After using the first few months in the New Year to service post-Christmas debt and consolidate savings, consumers tend to feel a bit more relaxed about splashing out over Easter.

"Easter isn't just a good time for confectioners and stationers. The four-day break provides plenty of shopping opportunities and, with good weather, we expect to see summer clothing and footwear lines start to move well."

"Easter is also the unofficial start to the DIY and gardening season and a lot of us will be looking to make a start on all those jobs we've been putting off over winter, particularly if we get three or four days of sunshine."

British Retail Consortium


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