To Shop or Not to Shop This Christmas
High street retailers have been suffering from the lack of shoppers visiting their stores this Christmas. The current economic climate has been a major factor for this, but more recently the weather has had a dramatic impact on the number of people venturing out of their homes to buy their Christmas presents. Not only have the high street stores suffered but so too have online retailers. Due to the weather they are warning that many gifts ordered online may not arrive in time for Christmas. Even with the introduction of Sunday deliveries many online stores are still behind schedule.
There is one retailer however which has broke the trend and this is John Lewis who have reported a leap in profits. They have attributed this to the introduction of cheaper product ranges. This gives hope to retailers than with the right business plan, they too can turn things around in the New Year.
