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Retailers prepare for record Christmas as shoppers keep spending
Volumes were up compared with November 2019 despite Covid restrictions
18 December 2020 • 3:56pm
Shops could see out 2020 in style with record Christmas sales, economists predict, giving some welcome relief at the end of a painful year for the high street.
Families spent keenly in November despite a national lockdown in England, raising hopes of a bumper spree now shops have reopened in most areas.
“Retail sales will rebound in December, probably to a new record high, as people undertake their pre-Christmas shopping over a narrower time period than usual,” said Samuel Tombs at Pantheon Macroeconomics.