Insurance Fred Heritage · 5 December 2016
Local retailers the preferred choice for stress-free Christmas shopping
More and more British consumers are turning to small local retailers for more enjoyable, relaxing Christmas shopping, new research has shown. According to a new study from insurer Axa, UK shoppers are expected to spend around 21bn on Christmas presents throughout December 2016, with 5.2bn to be spent in small shops. Large crowds were cited as the main source of worry for shoppers during the festive season. The study suggested that small retailers will benefit from people choosing to shop locally for gifts, rather than travel to city centers to visit larger stores. Local food and drink retailers are also expected to benefit from the change in Christmas shopping habits. The research concluded that across the UK these firms will receive a 2.3bn boost in 2016, from consumers preferring to shop locally. ‘small shops can offer an antidote to the manic buying seen elsewhere, explained Axa Business Insurance’s managing director Darrell Sansom. Christmas markets have taken off massively in recent years, and people are very open to community events at this time of year. When asked about their feelings towards Christmas shopping in general, stress was the overriding factor for most consumers. According to Axa survey respondents, 65 per cent of shoppers said they experienced a rush of stress when thinking about Christmas shopping, with just 34 per cent feeling excited. Small shops were voted as the best place for Christmas shopping, followed by Christmas markets and fairs. Just 23 per cent of the survey’s respondents said they preferred larger stores for their Christmas shopping, while 17 per cent said they didnt enjoy the activity anywhere. The research concluded that retailers which provide a distraction for shoppers in the form of entertainment are most likely to do well during the Christmas period.
ABOUT THE EXPERTFred Heritage
Fred Heritage was previously deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London.