‘Panic Saturday’ to witness record retail sales during Christmas in UK

UK shoppers are expected to spend £1.2bn on the last Saturday before Christmas. Researchers are calling it “Panic Saturday”. Some 13m consumers will be shopping for gifts and groceries, said the Centre for Retail Research (CRR).
Consumer analyst Sue Hayward said: “People are starting to get a little more money in their pockets. We are seeing things like petrol and food prices slightly down.
“It is important for the retailers that they entice people into spending this money rather than obviously paying off their mortgage which may be the sensible option.”


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