'Busiest' online shopping day

Online retailers are braced for their busiest day of the year as consumers take part in the annual pre-Christmas shopping spree dubbed Cyber Monday.

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Retailers set to lose over £1 billion during festive season

Retailers in the United Kingdom are expected to lose £1 billion over Christmas as a result of shoplifting, dishonest employees and vendor or distribution losses, according to a new study released today by the Centre for Retail Research.

Experts are predicting that over £1bn will be lost over Christmas Credit: Clive Gee/PA Wire

The report, funded by an independent grant from Checkpoint Systems, suggests that the losses incurred by the retail industry over this period could add an extra £38.09 to each UK family's shopping bill.

The report found that UK retailers could lose £522 million through shoplifting, £431 million through employee theft, and £47 million through vendor and distribution losses.

In total, the losses could represent a 3.4% per cent increase over the same period last year.

Retailers predict busiest day of year for online shopping

  • Amazon.co.uk have predicted that Cyber Monday will be its biggest single day, with orders set to peak at 9.20pm.
  • Marks & Spencer also said it was prepared for what it expects to be its busiest day of the year.
  • Online analyst Experian expects UK consumers to make 115 million visits to retail websites on this year's Cyber Monday, an increase of 36% on last year.
  • Asda Direct says it is expecting to see a 50% spike in traffic to its electronic equipment retail section, compared with a normal Monday.
  • CD sales are also expected to increase by 70%, while some popular DVD titles are due for a 50% rise, the retailer said.
  • John Lewis have reported a record week for its online sales, soaring to £37.9 million, and the third best ever week for John Lewis department stores, topping £124.2 million.

Retail giants call for Sunday trading laws to be relaxed

High street retail giants, including Tesco, Sainsbury's and Topshop, have called for Sunday trading laws to be relaxed on December 23 to give stores a financial boost, reports the Daily Mail.

The high street will be most busiest two days before Christmas Credit: Dominic Lipinski/PA Wire

The busiest shopping day on the high street often falls two days before Christmas Day, with the weekend of December 22 and 23 expected to draw peak numbers of shoppers this year.

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Cyber Monday 'busiest online shopping day of all time'

On Mega Monday, people across the UK will go online and use their Visa cards to make 6.8 million transactions, the most in a single day in UK history.

That's 21% more than in 2011, signalling that consumers are becoming increasingly accustomed to the advantages of shopping online for everyday purchases and special items, especially in the lead-up to Christmas.

– Visa Europe commercial director Dr Steve Perry

Festive online shoppers 'to spend £1bn on Cyber Monday'

Brits could spend a record-breaking £1billion online today Credit: Adam Peck/PA Wire

Experts predict that this year the nation’s consumers will shed their austerity shackles in a massive buy now, pay later splurge.

Online retailers brace for busiest day of year

Online retailers are braced for their busiest day of the year as consumers take part in the annual pre-Christmas shopping spree dubbed Cyber Monday.

Retailers are bracing themselves for a pre-Christmas online onslaught Credit: Ben Birchall/PA Archive

Recent years have seen online shopping figures consistently peaking on the first Monday in December, probably explained by most UK consumers having just received their last pay cheque before Christmas.

Visa Europe predicts £320 million will be spent on its cards alone as online transactions top 6.8 million, an increase of 21% on last year, making December 3 the busiest online shopping day in history.

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