Data: Christmas retail sales expected to reach £20bn

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Sales increased by 3.3% in the four weeks ending on 29 November, according to the latest figures from NielsenIQ (NIQ).

Retailers can expect an increase in sales over the upcoming weeks, with £5.7bn set to be spent during the week ending on 20 December.

The overall spend for Christmas shopping is expected to increase by 2.8% to around £20bn; however, consumers will still prioritise affordability.

The research also found that 40% of UK households plan to use loyalty points and vouchers for Christmas shopping, with 23% planning to buy based on prices and promotions.


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Mike Watkins, head of retailer and business insight at NielsenIQ, said: “Shoppers are looking for an affordable Christmas this year, and many have been holding back their spend, with unit growths across the total store down -0.8%.

“Instead, they are spending wisely and making focused savings on the weekly shop to be able to buy some treats and indulgences for the family in December.”

The fastest-growing categories were fresh foods and ambient foods, which experienced a 5.3% and 2.6% increase, respectively.

Additionally, frozen food sales and confectionary, snack and soft drink sales increased by 2.1% and 4.5%, respectively.

Ocado and Lidl continued to remain the fastest-growing retailers, with a 14% and 9.8% increase in sales.

M&S experienced a 9.2% increase, and Sainsbury’s sales grew by 5.2%. Retailers Waitrose and Tesco experienced a slight increase of 4.8% and 4.5%, respectively.

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Data: Christmas retail sales expected to reach £20bn

retail

Sales increased by 3.3% in the four weeks ending on 29 November, according to the latest figures from NielsenIQ (NIQ).

Retailers can expect an increase in sales over the upcoming weeks, with £5.7bn set to be spent during the week ending on 20 December.

The overall spend for Christmas shopping is expected to increase by 2.8% to around £20bn; however, consumers will still prioritise affordability.

The research also found that 40% of UK households plan to use loyalty points and vouchers for Christmas shopping, with 23% planning to buy based on prices and promotions.


Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning


Mike Watkins, head of retailer and business insight at NielsenIQ, said: “Shoppers are looking for an affordable Christmas this year, and many have been holding back their spend, with unit growths across the total store down -0.8%.

“Instead, they are spending wisely and making focused savings on the weekly shop to be able to buy some treats and indulgences for the family in December.”

The fastest-growing categories were fresh foods and ambient foods, which experienced a 5.3% and 2.6% increase, respectively.

Additionally, frozen food sales and confectionary, snack and soft drink sales increased by 2.1% and 4.5%, respectively.

Ocado and Lidl continued to remain the fastest-growing retailers, with a 14% and 9.8% increase in sales.

M&S experienced a 9.2% increase, and Sainsbury’s sales grew by 5.2%. Retailers Waitrose and Tesco experienced a slight increase of 4.8% and 4.5%, respectively.

General RetailNews

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