Belfast Telegraph

Christmas sales growth will slow

By Alan Jones

Christmas sales in the UK are expected to increase by 1% - less than a third of last year's growth, a new report has predicted.

Internet retailing is set to play a crucial role in propping up retail growth in the festive season, research by online shopping comparison website Kelkoo showed.

Christmas sales are expected to rise by £680m to £69.09bn, compared with an increase of 3.2% last year, said the report.

Online sales will rise by 16%, or £1.88bn, to £13.4bn this year, half the rate of last year's growth, said Kelkoo.

Chris Simpson of Kelkoo said: "The peak weeks of Christmas trading are critical for retailers, as many will earn up to 50% of their profits during this period."

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