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Southern shoppers are seeing savings in Newry

Tuesday, 21 November 2017

Southern shoppers are seeing  savings in Newry thumbnailSANTA turned on the Christmas lights at the Buttercrane this past week.

UNCERTAINTIES over Brexit show no sign of clearing, and as a consequence, the consistently strong Euro means that southern shoppers can still make significant savings shopping in Newry this Christmas.

Peter Murray, the manager of the Buttercrane Shopping centre, has said that shoppers from across the border are set to save up to 43 percent on Christmas shopping.

Last year, in December, we saw our Euro customers reach almost 50 percent of total shoppers in the week prior to Christmas and this year we re already starting to see a 10 percent rise each weekend as we edge closer to December, said Mr Murray.

Shoppers gain an average saving of 17 percent on goods bought across the border and there are over 30 percent savings to be had on electrical products and phones.

Recent research shows as much as 40 percent can be saved on beer and chocolate gifts so our flagship stores M&S, Dunnes, Primark alongside Easons and our fashion, phone and toy retailers are preparing themselves for a Euro surge as consumers vote with their feet, making their money go further at the most expensive time of the year .

John Gildea owner of The Bureau based in Buttercrane Shopping Centre, Newry is reporting a similar outlook.

Positive Euro data and upbeat talk from the continent seems to be positioning the rise of the Euro, the question is, how far can it go, said Mr Gildea.

The European Central banker Benoit Coeure said the recovery in the Eurozone is the strongest he's seen in 20 years.

The commission has revised estimates for growth in 2017 upwards of 2.2 percent from 1.7 percent. This, combined with the uncertainty in Brexit negotiations and the impact on sterling, suggests the Euro has the potential to hit 0.90 /0.91 before Christmas.

In summary, we say get ready to use your Euros to maximum effect in the run up to the festive season as Brexit bodes big deals for border shoppers, Mr Gildea added.

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