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Retailers optimistic about Christmas trading

More than half of UK retailers expect sales in the run-up to Christmas to be up on last year.

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A total of 60% of retailers are more confident about Christmas this year and 53% think customers will spend more than in 2015, according to Barclays’ Christmas Survey 2016.

The optimism comes despite speculation that the EU referendum vote might pose challenges for the Christmas trading period. Of those surveyed, 63% of retailers said Brexit will have no impact on Christmas spending this year.

When asked what factors they expect to have a positive impact on consumer spending, 42% said more shoppers staying in the UK this Christmas is a potential boost to sales and just under half of those surveyed (48%) expect the weaker pound to boost tourist spend.

Just over half (51%) expect Black Friday sales to increase on last year’s figures and fewer retailers said they were participating this year - 24% of those surveyed said they did not hold a promotion last year, and 27% said they would not participate this time around.

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