Christmas isn't cancelled this year

In spite of the current economic turmoil, 57% of UK consumers say they intend to spend the same this Christmas as they did last year, according to the 14th annual Christmas Retail Survey, published today by the business advisory firm Deloitte.
Tarlok Teji, head of retail at Deloitte, said: “Although this Christmas may be one of the toughest in decades, retailers have been toughing it out for most of the year. We think the talk of Christmas being cancelled is overplayed. Whilst total planned spend including socialising may be down, the majority of consumers intend to spend the same as last year. Retailers will need to understand their consumers better than ever and offer relevant products to take a share of the Christmas wallet.”
Read the full report at the Retail Bulletin online.