• Brits spend up to twice as much on presents as other Europeans

        • British consumers are planning to spend £388 each, on average, on presents over the festive season which, according to a new survey, is significantly more than their counterparts in other European countries, including Switzerland.

          The study also revealed that some age groups are willing to spend more than £500 to treat loved ones and will purchase the majority of their Christmas presents online. Among the most popular items when shopping online are CDs and DVDs, books and ebooks, toys and games or food and sweets.

          Key Findings

          • British consumers will buy the majority of their Christmas presents online this year (52%)
          • Consumers aged 30-39 are particularly likely to make most of their festive purchases online (57.4%)
          • Despite current economic uncertainty, British consumers are planning to spend more money on Christmas presents those in other European countries such as Germany and Switzerland, one of the richest nations in the world
          • 30-39 year olds are the biggest spenders, with £505 going on presents on average. The same age group usually spends £214 on their entire online shopping bill each month, including groceries, games, betting and other online spending, while the average value across all age groups is £169.

          Other findings included that men and women in Great Britain are planning to spend roughly the same amount as each other on presents for friends, family and colleagues (£399 and £377 respectively). In other European countries such as Germany and Austria, the gap is much bigger. In Germany, men will spend about 45 per cent more than women (£250 compared to £172). In Austria, the average amount spent on presents will total £320 (men) and £258 (women). In real terms, British men are planning to spend £149 more on Christmas presents than men in Germany, while British women are going to spend more than twice as much as German women (£377 / £172). Even in Switzerland, one of the ten richest countries in the world, men and women will spend less (£366 / £287) on Christmas presents than their British counterparts.

          Udo Müller, CEO of paysafecard said, "clearly, Christmas spending habits differ across Europe, with British men and women being the biggest spenders. Consumers across Europe are now purchasing the majority of presents on the internet, putting brick-and-mortar shops under pressure. However, competition online is also tough so offering the widest range of payment options is important to ensure as many consumers as possible can make a purchase, leaving no Christmas shopper put out at the check-out.”

          1,000 British men and women aged between 16 to 69 years took part in the pan-European survey which was conducted by Marketagent on behalf of paysafecard, part of Paysafe Group plc.

        • Stay up to date - Click here and register for FREE OEN online membership and enjoy unlimited access to a host of benefits including the exclusive members area of the website, downloadable business tools, current and back issues archive, priority breaking news alerts, weekly e news summary and the OEN app

        • Related Articles

        • Financial services and utilities industries lead investment trend in collaboration tools

          Financial services and utilities industries lead investment trend in collaboration tools

          Monday 8th Mar 2021 by clareb
          Almost 60 per cent of business leaders in sectors including Financial Services, IT and Digital, Hospitality and Telecommunications are readying for hybrid-working becoming the long-term norm and expect investment in audio equipment to increase over t...Read More...
          Making school safety a priority with smart technology

          Making school safety a priority with smart technology

          Tuesday 23rd Feb 2021 by clareb
          With pupils set to go back to school on 8th March, there are a number of safety measures schools need to implement to ensure the health and wellness of the staff, students and school communities.  The first lockdown and closure of schools broug...Read More...
          Omnichannel contact centre needs further transformation post-pandemic

          Omnichannel contact centre needs further transformation post-pandemic

          Tuesday 23rd Feb 2021 by clareb
          For organisations operating contact centres, now is the time to plan for a more settled future where consumer and worker habits are permanently changed from how they were before. This is according to TelcoSwitch, a provider of unified communications ...Read More...
                • About Us

                  OEN is the leading source of business news and information for buyers of office equipment, supplies and services within mid tier and up sized organisations. Our multi-platform approach delivers relevant, engaging and focussed content via our main printed magazine, bespoke guides and supplements, website, digital editions, apps, and newsletters with an unrivalled reach across the industry. A highly trusted and respected brand for many years, the print version of OEN last year celebrated its Diamond anniversary.

                  For our latest Media packs and more details on our range of services click here

                • View Latest Issue