Discounts of up to 75 per cent saw shoppers flood the high street over the weekend, prompting hopes that reluctance to spend because of the credit crunch may finally be easing. In central London, traffic was banned from Oxford Street and Regent Street on Saturday as part of West End VIP Day - an annual event to make Christmas shopping easier. Organisers believe the event attracted about 1.5 million people, up from around a million last year. Sales, however, were expected to be flat at about L100m, given heavy discounting.
It would be interesting to know how profitable last year was compared to this year, on equivalent sales.
The local Woolworths, which is in administration, had some eye popping bargains when I had a look around.
There were DVDs reduced by an epic 35p - from £9.99 to £9.64.
