Live updates

Advertisement

Advertisement

Report: UK shoppers spend over £2.7bn on Boxing Day

Fears of a slump in the holiday season proved to be unfounded as Boxing Day sales gave a boost to British retailers, The Telegraph reported.

According to the newspaper, shoppers spent over £2.7 billion in stores and online retailers all over the UK.

Security hold back shoppers in the Boxing Day sales at the Highcross Shopping Centre, Leicester. Credit: PA

Analysts have forecasted that shoppers would most likely spend £2.97 billion by Friday both in brick-and-mortar stores and online.

If the prediction comes true, the total will beat last year's figure of £2.8 billion, the report said citing data from the British Retail Consortium and the Centre for Retail Research.

Foreign shoppers spend 'four times more' than locals

International tourists were among the thousands hitting the high streets for today's Boxing Day sales, with retail experts saying foreign nationals spend on average four times more than domestic shoppers.

Shoppers wait outside Harrods for the start of the Boxing Day sales. Credit: Stefan Rousseau/PA Wire

While shoppers from Qatar spend the most per transaction - on average £1714, tax-free shopping company Global Blue said Chinese shoppers were more likely to return to the tills with more goods at an average of £1,367 a pop.

Sue West, retail director at Selfridges, said the Boxing Day sales are very important for its international customers.

"The Chinese market is hugely important to Selfridges. It's one of the fastest growing international markets that we have," she said.

Harrods offered queueing customers blankets and hot chocolates to keep warm. Credit: Stefan Rousseau/PA Wire

Chinese couple Wang Tianyi, 21, and Sun Yeting, also 21, were queueing outside Selfridges on Oxford Street in Central London from 4am and planned to head straight for the luxury items.

"We will buy the things we like," Mr Tianyi said.

Load more updates