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| Friday, 14 December, 2001, 00:02 GMT UK shoppers shun economic gloom ![]() Many people could do some help from Father Christmas Few people have plans to rein in their Christmas spending this year despite concerns about economic downturn and fears over job security, a survey has said. One third of consumers, in fact, plan to splash out more this Christmas than they did last year.
British men are the most optimistic, with 35% planning to spend more this Christmas than last. According to a survey by Mintel, a market analyst, about half of British shoppers plan to spend the same as last year, while only 17% plan to spend less. Just 14% said they were less inclined to spend as much on Christmas shopping due to current global events - and the attacks on 11 September. Shopping spree Mintel found that on average people plan to spend �376 this Christmas and will buy on average eleven presents for members of their family and friends.
Thirty per cent of consumers will spend �400 or more, and over one fifth of adults are prepared to spend �500 on gifts. Not surprisingly, those families with children are likely to spend 25% more than those without. Thirty eight percent find Christmas shopping a chore. But 16% of shoppers felt they were likely to go into debt this Christmas - and a quarter of those in the age group 20-24. Men are more likely than women to keep some money back for the January Sales at 42%. Dominque Allport, retail consultant at Mintel said that this was comforting news for retailers, who fear that consumer spending will dry up after in the new year. He said: "The fact that over 40% of British shoppers plan to keep some money back for the January sales, will come as a great relief to retailers as it has been predicted that the situation in the economy could begin to bite shortly after Christmas 2001." Regional trends There are regional differences in the way people will shop this Christmas. London has the highest percentage of people who plan on spending less than �100. But London and the western regions, including Wales and the South West, plan to spend the most. In these regions, 15% of people plan to spend �600 or more this Christmas
A bumper Christmas could be in order in the western regions of England, according to the Mintel data. These areas have the highest proportion of people who say they spend "a lot more" this Christmas. However, one reason maybe because they are the most prone to do last-minute shopping. In contrast, only 1% of Scots said that they will spend more - and they are the most organised, according to the survey. |
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