In Comparison To 2021, 63% Of Christmas Shoppers “Intend To Spend As Much This Year”

NEWSIn Comparison To 2021, 63% Of Christmas Shoppers "Intend...

According to a survey, 63% of UK households said their budget for food and drink (at home or dining out), gifts, and travel will be the same as the budget for 2021. This is despite cost-of-living pressures on household budgets, NielsenIQ, a provider of consumer and retail information services, said nearly two-thirds of Christmas shoppers plan to spend as much this holiday season as they did last year.

10% of customers intend to spend more this Christmas, while 27% of consumers anticipate spending less on these categories this year.

Christmas spending is anticipated to be on par with or lower than last year. 10% of the shoppers say they would raise their Christmas spending, while 27% say they would want to spend less money in these categories this year.
Of the 1,000 persons surveyed in September, more over half (54%) said that the emotional parts of the holidays, such as spending time with loved ones, are very significant.

“In our Christmas study, we’ve observed how much emotional significance the holiday has for consumers in the UK,” said Alwyn Venter, senior commercial business partner at NielsenIQ.

The majority want to continue with the customary traditions and lavish their loved ones and themselves with gifts and delectable meals.

“At the same time, most people’s holiday spending plans haven’t changed or have even shrunk.

Customers understand how crucial it is to maximize their budget, for instance by shopping early and taking advantage of special offers.

According to the survey, the top three food categories that consumers plan to spend money on this Christmas are cheese, bread, and chocolate.
Many people stated they are seeking for quality products in addition to deals and discounts, with 37% intending to purchase expensive cheese, fresh meat, and chocolate.

Latest news

The Critical Role of Personal Injury Lawyers Explained

A personal injury can change your life. Full of physical pain, emotional sorrow, and financial instability. If you ever...

Relive Spain’s Record-Breaking Euro Glory & England’s Thrilling Run

UEFA EURO 2024 provided no shortage of shocking results, dramatic late goals, and truly captivating storylines. From Spain cementing...

Top Credit Card Processing Solutions for Retailers

In today's competitive retail environment, having a reliable and efficient credit card processing system is essential for success. Retailers...

Captivating Paris 2024 Olympics Storylines Hook Readers

As a sports fan, you likely feel thrilled to see the 2024 Paris Olympics rising on the horizon. With...

How CPA Accounting Software Helps Avoid Errors in Accounting

Introduction Accurate accounting is crucial for any business. Errors can lead to financial losses, fines, and issues with tax authorities....

You might also likeRELATED
Recommended to you

Would love your thoughts, please comment.x