Wednesday 7 March, 2018
British shoppers are expected to spend an extra £5bn on Mother's Day this year compared to 2017, according to spending analysis from Liberis, a leading small business finance provider.
With an 8% increase in high street retailers' card transactions compared to a normal weekend, it is shaping up to be one of the busiest yet, particularly for the hair and beauty sectors.
Salons nationwide are expected to benefit from an 8.5% increase on top of average weekly takings, while florists are predicted to benefit on a whopping 18% increase. Pubs, restaurants and bars will also profit, with card payments set to reach 8.5% higher than a typical weekend.
Commenting on the findings, Rob Straathof, CEO of Liberis, said: “With Mother's Day right around the corner, business is booming for florists, restaurants and beauty salons. Brits looking to spoil their mothers are not afraid to spend on the high street, splashing out on presents ranging from flowers to luxurious spa sessions.”