Brexit bonus for border shoppers at Newry’s Buttercrane

Posted by
info@newrytimes.com
Thursday, November 23rd, 2017
Business, Community

With sterling suffering under the cloud of Brexit uncertainty and Euro showing some muscle, Southern shoppers are set to save up to 43% on Christmas shopping, Buttercrane Shopping Centre Manager Peter Murray says.

Speaking to Newry Times, he stated, “Last year in December we saw our Euro customers reach almost 50% of total shoppers in the week prior to Christmas and this year we’re already starting to see a 10% rise each weekend as we edge closer to December.”

 

 

“Shoppers gain an average saving of 17 % on goods bought across the border and there are over 30% savings to be had on electrical products and phones.”

He added, “Recent research shows  as much as 40% can be saved on beer and chocolate gifts so our flagship stores M&S, Dunnes, Primark alongside Easons and our fashion, phone and toy retailers are preparing themselves for a Euro surge as consumers vote with their feet, making their money go further at the most expensive time of the year.”

John Gildea owner of The Bureau based in Buttercrane Shopping Centre, Newry is reporting a similar outlook. “Positive Euro data and upbeat talk from the continent seems to be positioning the rise of the Euro, the question is, how far can it go?

 

 

“The European Central banker Benoit Coeure said the recovery in the Eurozone is the strongest he’s seen in 20 years. The commission has revised estimates for growth in 2017 upwards of 2.2% from 1.7%.

“This, combined with the uncertainty in Brexit negotiations and the impact on sterling, suggests the Euro has the potential to hit 0.90 /0.91 before Christmas.

“In summary, we say get ready to use your Euros to maximum effect in the run up to the festive season as Brexit bodes big deals for Border shoppers,” John added.

 

 


Would you like to advertise your business on Newry Times and reach thousands of people every day? Contact the Newry Times office on 028 4062 6520 or email Paul: editor@newrytimes.com

Both comments and pings are currently closed.

Comments are closed

-->

This website does not share personal information with third parties nor do we store any information about your visit other than to analyze and optimize your content and reading experience through the use of cookies. You can turn off the use of cookies at anytime by changing your specific browser settings.

We are not responsible for republished content from this blog on other blogs or websites without our permission. This privacy policy is subject to change without notice and was last updated on 16/01/2017. If you have any questions feel free to contact Newry Times by emailing editor@newrytimes.com

Log in