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Retail spending to hit £1 billion over the next three days

While the UK retail market has been under pressure, and continues to be, it is forecast that UK consumers will spend over £1 billion over the next three days with a raft of sales brought forward and many people looking for bargains. These are record figures for the UK retail market and while there will be a sudden drop-off when the sales end in January many businesses are hoping that the cash flow from the unprecedented retail spurge over the next few days will see them through until the New Year.

Everywhere you go at moment there seems to be a new sale, new promotion and more and more discounts both online and off-line. The off-line arena is struggling more than the online market due to the higher carrying costs associated with running an off-line business and the fact that stock seems to be moving quicker online. More and more consumers in the UK have moved online over the last 12 months to grab bargains galore and there is a feeling we have finally seen a shift from the off-line market to the online market.

It will be interesting to see who has benefited from the £1 billion sale of spurge expected over the next few days.

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