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THE women of Ireland are counting the pennies and refusing to spend this Christmas , and a last-minute surge in shopping has done little to lift the gloom among retailers.
But there is going to be a massive spending spree from St Stephen's Day, retailers predict.
Footfall figures are up on last year but shoppers have been looking, not buying, in the run up to Christmas .
And comparisons with Christmas 2010 are to some extent meaningless, given the impact of last year's big freeze.
But it looks as though the sales, which start at all the major department stores on St Stephen's Day, will be the biggest in years.
Retail sales are up a marginal 0.68 per cent compared with December last year and Retail Excellence Ireland (REI) says it is clear that many customers have postponed fashion and big-ticket shopping trips until the sales.
But the retail stiff, which has carried out an exhaustive survey among 400 retail companies, has found it is women who are calling the shots this Christmas, shopping very cautiously and buying for function rather than fashion.
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