Member Article

Mother’s Day spending spree on track to lift high street sales

New analysis from leading small businss provider Liberis shows that this Mother’s Day, British shoppers are predicted to shell out over £5bn in extra spending compared to last year.

Liberis also predicts high street retailers’ card transactions will on average increase by 8% compared to a normal weekend.

Florists in particular are predicted to win big, with an 18% increase in card takings on Mother’s Day compared to a normal trading week. Hair and beauty salons are also expected to benefit from an extra 8.5% on top of average weekly takings.

Bars, pubs and restaurants are looking forward to one of their busiest weekends of the year, with card payments set to reach 8.5% higher than a typical weekend.

Commenting on the spending predicttions, Rob Straathof, CEO, said: “Our data dispels the myth that consumers are falling out of love with the British high street. 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.”

Earlier this year, research from Liberis revealed that, despite the omnipotence of ecommerce, 46% of SME owners believe trading on the high street still has a positive future.

Through Liberis’ Business Cash Advance, an innovative form of funding, the finance provider links repayments directly to cash flow so businesses only repay when their customers pay them. To date Liberis has helped over 6,000 SMEs, advanced £200m in funding and supported over 24,000 jobs in the UK. Moving forward, the company aims to further empower small businesses, broadening customer reach through strategic partnerships and international expansion.

This was posted in Bdaily's Members' News section by Liberis .