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Boxing Day sales to set a record
U.K. customers are ready to hunt as Boxing Day starts. According to estimates, U.K. customers will spend between £2.4 billion and £2.9 billion. The biggest shopping day of the year is expected to also set the record for online shopping. Certainly retailers will welcome shoppers with open arms as this year an increasing number of them is struggling due to tough economic conditions.
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UK retailers are facing closures
Many U.K. retailers are at risk of closure in 2013 as they are operating in tough economic conditions. According to an analysis, approximately 13,700 so-called “zombie” businesses are devastated by financial distress, with roughly 140 retailers in a “critical condition.” Especially bookstores, chemists and alcohol shops are among those which are in the worst situation.
