Newry shops enjoy welcome boost over Christmas

Posted by
declan@newrytimes.com
Thursday, December 29th, 2011
Business, News
Shoppers in Newry did not have their spirits dampened by the bleak economic climate this Christmas, as shops in the city appear to have enjoyed the festive period with The Quays Shopping Centre claiming to have had a “very positive” Christmas. Centre Manager for The Quays, Cathal Austin said, “Despite the current economic climate Christmas week saw an influx of last-minute shoppers with a number of centre retailers reporting double digit sales increases year on year.” He continued, “We are delighted to say that retailers at The Quays have had a very positive Christmas season. While we have seen an increase in cross-border trade in recent months it would appear that the vast majority of business in the last week has been from local shoppers which is a very positive sign.” It appears that the boost in sales has also been experienced throughout the UK with retail analyst Experian reporting that the number of people shopping on Boxing Day has increased by 21.5% from last year and the number of people shopping online on Boxing Day rising by 40%. Speaking about the influx of shoppers, Richard Dodd from the British Retail Consortium said, “It has been a strong start to the post-Christmas sales. It was probably the biggest Boxing Day in terms of number of retailers starting sales, the number of shoppers and the amount spent.It must be seen in the context of margin squeezing discounts driving the sales. It is very welcome and will help retailers make up sales but does not mean unfettered spending bonanza.”

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