Cosmetics & clothes to be among top five Christmas gifts this year
20 Nov '06
3 min read
Christmas is the most significant event in the UK's retail calendar with many outlets making up to 60 percent of their annual turnover between November and January. This Christmas is no different and is shaping up as a vital time for the retail sector. Here's why:
It is estimated that £33 billion will be spent in December, an increase of 6 percent from 2005.
The amount spent in the two weeks leading up to Christmas is estimated to rise by 8 percent to over £15 billion.
The amount specifically spent on Christmas purchases is estimated to increase by 10 percent to just over £11 billion.
This year, each person will spend an average of £390 on Christmas gifts, up 18 percent on 2005. The most popular gifts this year are music and clothes, with gift vouchers, books and cosmetics and fragrances all making it into the top five. The top children's toy is predicted to be the "Bratz – Forever Diamondz".
On average, each household will spend approximately £163 on food and drink, up only 2 percent since 2005. This pushes the average cost of the Christmas lunch up to almost £14 per head from £12 in 2005.
It is estimated that more than 10 million turkeys will be sold this year, worth almost £400 million. The average will weigh 12lb and cost up to £60.
Christmas day costs approximately £975 per household. Based on a 12-hour day this works out at £1.35 per minute, and £81.27 per hour.
Approximately 7 million Christmas trees will be sold this year, worth an estimated £245 million.
marketing@alchempro.com
