Retail Ireland expects Christmas spending to rise to 2008 levels

Industry group Retail Ireland is predicting the country's biggest December spending spree since Christmas since 2008.

Retail Ireland expects Christmas spending to rise to 2008 levels

Industry group Retail Ireland is predicting the country's biggest December spending spree since Christmas since 2008.

They reckon people will spend more than €4bn this month, compared to €3.9bn last year.

Irish households will spend an average of almost €2,500 this December, €600 more than the average monthly spend.

Despite the sales boom, prices are 4% lower than this time last year.

Thomas Burke of Retail Ireland says events like "Black Friday" are driving prices down.

He said: "While it is a relatively new phenomenon, last year was the first year we saw any real sign of it on the Irish high street, it certainly seems to have been successful this year.

"I think Irish retailers will continue to discount in the coming weeks in order to drive footfall into their stores."

more courts articles

Stephen Bear ordered to pay back profits from sharing private sex tape Stephen Bear ordered to pay back profits from sharing private sex tape
Gary Glitter victim seeking six-figure sum in damages, court told Gary Glitter victim seeking six-figure sum in damages, court told
Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited