Households set to spend €2,654 in Christmas spree

Christmas shoppers are to benefit from falling prices, with retailers set for a bumper festive spending period.

The average household is set to shell out €2,654 on the festivities as the tills ring out for Christmas - writes

This is up almost €70 on last year, and €870 more than a normal month, according to Retail Ireland, part of the Ibec lobby group.

Intense competition in the retail sector is set to see shops continuing to cut prices.


The signs are that this festive season will set a spending record for the Irish retail trade, director of Retail Ireland Thomas Burke said.

This is despite a rise in consumers crossing the Border in search of bargains due to the Brexit-induced fall in the value of sterling.

Mr Burke said retailers are approaching Christmas with an air of confidence not seen in many years.

"As we move into the busy Christmas shopping festival, intense competition within the market means Irish retailers will likely continue to cut prices to drive footfall and sales," he said in a report.

"These falling prices, combined with rising disposable income, means consumers stand to benefit from even greater spending power."

He said retailers have seen sales volumes rise all year.

However, at the same time, the value of sales has fallen. This is evidence of ongoing deep discounting and price competition in the Irish retail market, the report states.

Online sales are set to top €16bn for the year by the end of December, it predicts.

Internet sales are growing six times faster than those in physical retail outlets.

But e-commerce only accounts for 10pc of total retail sales.


Consumers and shops were benefiting from a 5.4pc rise in disposable income in the first half of the year.

Shoppers are continuing to gain from falling consumer prices, which were down 2.2pc in the first 10 months.

Food, clothing and furniture prices are the main items seeing price decreases.

Read more news of Dublin on our site.
Households Christmasspree
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
3 views in september
I recommend
No recommendations yet


Comments are designed to communicate and discuss the features of an enterprise or event, as well as to find out the interesting questions on it.

ESB Networks says 39,000 homes, farms and businesses are still without power this morning after StormAli crossed the country yesterday. Repair crews workedthrough the night, but 1,600 individual faults remain on the network. It says it hopes to restore power to everyone affected today. ESB Networks Operations Manager Derek Hynes said most repairs are in the Cavan/Longford, Monaghan and Mayo areas. He saidcrews need to get to 1,600 locations today andwarned...
Minister for Children and Youth Affairs Katherine Zappone has said she hopes to bring a memo to Government "in the coming weeks"regarding the next steps to be taken at the site of the former Mother-and-Baby-Home in Tuam, CoGalway. Following a public consultation process earlier this year, a total of five different options are under consideration. These range from a full excavation of the burial ground, where "significant quantities of human remains"have be...
The National Ploughing Championships resumed this morning in Tullamore after being closed to the public yesterday over damage caused by Storm Ali. Work wasongoing throughthe night to repair the damage to tents, exhibitions and other infrastructure on the site. The event openedto the public at9am. It will also be opened for an extra day tomorrow. Storm Ali brought gusts of almost 100km/h to the site of the National Ploughing Championships at Screggan outsid...
The Department of Justice has confirmed to RTÉ's Morning Ireland that an estimated 20 people have been refused accommodation in Direct Provision centres over the past two weeks because they are at capacity. A number of asylum seekers have been left homeless as a result and at least one has been forced to sleep on the streets. The Department of Justice saidthe number of people arriving in Ireland applying for international protection has increased over the...
Storm Ali has left many in north Dublin without water after taking out the ESB mains that pumps were running off. Five areas in North Dublin are without water today - although some of those outages were planned for maintenance work. Sutton, Castleknock, Balbriggan, and Garristown have all been affected. You can see the areas below. Water outage in Balbriggan, Wednesday 19th September 2018 due to ESB power outage to pumps at Balrothery - Water off until 6pm...
Charlie Flanagan has vowed to probe how security firms carry out High Court Orders after the eviction of housing protesters. The Justice Minister also insisted balaclava-clad gardai policing last week’s incident in north inner city Dublin were only doing their jobs – and subjected to horrible abuse - writes Mr Flanagan was speaking yesterday after criticism of officers wearing ski masks as they assisted a security firm removing protesters. H...
The mystery of how many people attended the Papal Mass in Dublin’s Phoenix Park has finally been solved. The Office of Public Works revealed yesterday it was almost certainly just under 152,000 – more than 300,000 less than the 485,000 expected. The OPW had counting systems in place for health and safety reasons on day two of the visit last month. The OPW said its best estimate of how many came in this way was “in the order of 20,000”. After the visit on A...
The Luas green line remains partially closed this morning after cable damage from Storm Ali. The ferocious storm caused serious disruption to travel across Dublin and is continuing to do so into Thursday morning. At the moment the green line Luas is operating from Brides Glen to Cowper and Dawson to Broombridge. However there is no service between Cowper and Dawson. Tickets are valid on Dublin Bus and services on the green line and reduced this morning. Co...
Two children from the same family with the same diagnosis have had a very different experience of disability services, writes RTÉ’s Joan O’Sullivan. The Dollard family from Portlaoise in Co Laois, are veterans of children's disability services. Their son Ross, now 17, was diagnosed with epilepsy when he was three years oldand autism when he was four. His parents, Martin and Sarah-Jayne, say he received excellent early intervention services that had an imme...