Consumers to spend more on food and drink but less on gifts this festive season

Rob Clapp

An overview of expected consumer spend this festive holiday season.

Consumers are expecting to spend more on food and drink this festive holiday season but less on gifts, home goods, furnishings and travel, according to data from Kantar.

A quarter (23%) of consumers said they expect to spend more on food and drink this festive season when compared to previous years, with 17% saying they expect to spend less. This increase is largest for households with children (31% spending more), compared to single adult households (11%).

For other categories, the share of consumers spending less is larger than those spending more. For example, while 16% say they will...

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