Late spurt saves Christmas retail
TT/The Local · 30 Dec 2008, 09:43
Published: 30 Dec 2008 09:43 GMT+01:00
- Christmas shoppers to boost flagging clothing sales (23 Dec 08)
- Swedish shoppers undeterred by world crisis (07 Dec 08)
- Twenty years of Christmas gift joy and tears (13 Nov 08)
"We are still forecasting a 2.5 percent increase in retail turnover to almost 61 billion kronor ($7.8 billion)," said HUI's Lena Larsson.
"The calendar effect, with Christmas Eve falling on a Wednesday has boosted the whole retail sector."
The analysis is backed up by retailers.
"Right up to the days before the Christmas holiday weekend we were a couple of percent behind last year's record sales. But we experienced strong sales on the days before Christmas Eve so our figures will be almost in line with December last year," said Joakim Forsell at retail firm Åhlensgruppen to news agency TT.
Toy giant Top-Toy, which owns the BR and Toys 'R' Us chains reported very weak sales during December up to the week before Christmas.
"The weekend before Christmas Eve and the days running up to Christmas Eve we had a great many people in our stores," said Jan Nyberg, sales director at Top Toy.