According to a report by ShareCast.com, consumer confidence dropped to -17 from -13 in October as the UK struggles through the continued recession, unlike other European countries such as Germany and France, which have returned to growth. This comes after the CBI reported a fall in service sector sales during the past three months. Forty-eight per cent of business and professional services firms, including those in accountancy, law and marketing, reported a drop in sales. Similarly in the consumer services sector, including hotels, bars and travel firms, 48 per cent of businesses reported a fall in sales. So can etailers expect to fare any better? According to Sky news, online retailers are anticipating a huge spike in sales today, as consumers make a start on their Christmas shopping. Retail analyst Robert Clark explains: “This will be the biggest Christmas for online spending. Every year is the biggest Christmas, because each year [online retail] gets bigger and bigger.” Picture: source Related articles:Entrepreneurs tell us when the recession will end‘Tis the season for retailers?Online sales defy retail slump
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.