Almost half of all retailers expect rising revenues over the crucial Christmas trading period, despite the numerous challenges facing the high street.
Barclays’ Christmas Confidence Survey found 49% of retailers are predicting an increase in sales over the festive season and 71% expect their Christmas trading this year to be the same or better than last year.
Almost a third (32%) of UK retailers feel more confident, or far more confident, about 2017 Christmas trading compared to last year.
Barclays said that although the survey findings were more ‘subdued’ than they have been in previous years, retailers feel it is far from doom and gloom for the sector over Christmas.
However, it is in beauty, electricals and homeware where the bank expects to see the most sales growth, with food, clothing and DIY products lagging behind.