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Consumer confidence brings Christmas cheer
Industry analyst predicts increased spending for Christmas 2014.

By Christina Williams

30 October 2014

Consumers will spend £2.3bn more over Christmas this year in direct comparison with the same period last year, according to industry analyst Verdict. Improvements in the housing market and rising confidence are tipped to contribute to the increase in spending, which would be representative of a 2.6 per cent rise in comparison with last year. 
 
Furthermore, clothing, footwear, health and beauty are the sectors that will see the biggest increases, according the report. Specifically, Verdict predicts that clothing and footwear will see a rise of 3.5 per cent, although retailers are urged to ensure that their omni-channel offer is primed to take advantage of increased demand for click and collect and premium delivery services. 
 
Consumer spending is tipped to reach £90.7bn, with almost 60 per cent of that spend directed towards the non-food sector in 2014.


 
 
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