Super bumper retail season this black Friday

By Amjad Ali | Jan 11, 2017 10:08 AM EST
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Festivities always attract buyers, Markets filled and economy gear up. This Christmas, one Supermarket chain Morrison's reported 2.9 percent like-for-like sales in the market. Sales in the overall phenomena increased this December by 1 percent as compared to last December.

BBC quoted the Morrisons official as saying that this was there largest sale and income season in the last seven years. Other superstore chains and businesses are due to announce their sales and income statistics soon but the indicators reveal that there is a slight rise in the economic upward indications.

Hellen Dickenson, Chief Executive of the RBC told BBC that the Christmas week was a bumper week  and despite a slow start, sales exceeded all expectations. Dickenson was not sure to say goodbye to Black Friday yet. Traders and sellers are encouraged and more optimistic to say welcome to customers with discounts, according to reports, 40% more shoppers rushed to the markets in the last week of the December. However, Dickenson was hesitant to view 2017 as positive as 2016 because of the growing inflation, unemployment and upcoming market trends.

According to World Bank report, Stagnation, recession and subdued investments may extend the stagnation to the 7th year in 2017. But if the priorities are implemented in the major World economies, the global boost in economy may exceed all expectations.

fungglobalretailtech reported that retailers in the UK achieved a total of 3.5% sale rise in the last week of December. 3.5% increase in sales is equal to 2.5 billion British pounds and a total of holiday spending was recorded at 73 billion British pounds. But the departmental stores could not enjoy the full swing of the black Friday season despite the expectations of rise in demand for winter ware. According to reports, retail sales have increased in the UK after Brexit. Economists had predicted a nose dive for the British economy after European divorce but its improving and all the indications show positive gestures in the British economy.

© 2017 Mstars News, All rights reserved. Do not reproduce without permission.

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