BRC tagged posts

Lack of Christmas cheer as UK’s High Street retailers face uncertain future

Father-Christmas-looks-at-0With just two more shopping days to go before Christmas Day, there’s evidence that the UK’s high street retailers are in panic mode over generating sales as nearly 75% are holding sales or promotions in a last-ditch attempt to attract shoppers.

The average discounts rose to 46% compared with 42% last week and 44% in the same week last year, according to the accountancy firm PwC.

Today, Marks & Spencer is planning to extend 30% discounts across all its non-food product lines and has already introduced 30% reductions on its knitwear as well as beauty items, nightwear and Per Una clothing range...

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