Shoppers that are planning to complete their present-buying late in day do not expect to spend much in real terms, according to the third and final study of Christmas shopping trends by KPMG.
The study showed that 17% of shoppers plan to finish their Christmas shopping on Christmas Eve, up from 13%.
Helen Dickinson, head of retail at KPMG, said: ‘Despite the large number of people leaving it late, there is now a growing fear that much of the late shopping spree could be made up of small scale, low value, “top-up” shopping.
‘This means that any retailers banking on the last few shopping days before Christmas to rescue their season’s trading results could well be disappointed.’
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars