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Boxing Day Shopping Sales Bonanza Upto 90% Discounts

Personal_Finance / Money Saving Dec 26, 2008 - 01:33 AM GMT

By: Nadeem_Walayat

Personal_Finance Best Financial Markets Analysis ArticleDistressed retailers sitting on unsold stock are slashing prices to the bone in an attempt to generate turnover, this will result in many shops running sales of 50% with some goods priced at discounts of 90%. In many stores the sales have already begun and expected to intensify today.


Boxing Day Sales 2008

  • WH Smith - up to 75% off - Already started
  • Tesco - 70% off clothes - Already started
  • Matalan - Already started
  • New Look - Already started
  • B&Q - up to 75% off - Started Christmas Eve 6pm.
  • Boots - Up to 50% off, online only - Started Christmas Eve
  • John Lewis - Started 6pm Christmas Eve
  • Super Drug - Up to 90% - Started Online Christmas Eve, 25th in store.
  • M&S - Started midnight Christmas day
  • Debenhams - Started Online 25th December, 26th in store.
  • Selfridges - Up to 50% off, 26th in store.
  • PC World - 26th Dec in store - can reserve earlier online
  • House of Fraser - Up to 70% off - 26th in store.
  • River Island , 26th in store.
  • Boots - Up to 50% off, 26th in store.
  • Argos, 26th in store.
  • River Island
  • Top Shop upto 75% off
  • Harrods, 27th in store.

The Sales of 50% discounting and more is not going to generate much profit for retailers, which means despite the surge in turnover there will be little to celebrate for retailer in the new year. Earlier analysis suggested that the fall in sterling will result in much higher high street consumer prices during 2009 as those retailers that have not gone bust seek to replenish stocks at much higher prices during 2009. This again suggests that the January Sales for Britons may prove to be more illusionary than real as the fall in sterling has already soaked up corporate margins, which again confirms that those UK shoppers seeking to make large purchases are probably better off to do so sooner rather than later.

Inflation Deflating

The fall in sterling is highly inflationary, however at the same time we are experiencing the crash of the UK economy which is highly deflationary, this coupled with the crash in commodity prices such as crude oil falling from $147 to $33 in less than 5 months ensures that the immediate trend is for deflation i.e. falling prices, but primarily in terms of asset prices. Meanwhile the risk of all of the money printing that the Labour government is undertaking is stoking future inflation. A full depth analysis of UK deflation and inflation prospects during 2009 is under way, to receive this in your email inbox on the day of publication subscribe to our always free newsletter. Also due to be published this month is the in depth housing market analysis and forecast for 2009 to 2011 which is an update to what has proved to be the highly accurate analysis of August 2007 - UK Housing Market Crash of 2007 - 2008 and Steps to Protect Your Wealth, that forecast a 15% fall minimum and 25% fall for London.

UK Retail Sales Deflation, Many Retailers expected to go bust during January & February 2009.

By Nadeem Walayat
http://www.marketoracle.co.uk

Copyright © 2005-08 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 150 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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