M&S open from midnight, Christmas Eve, but why?
Filed under: Shopping & Deals
Gareth Fuller/PA Wire
But do we really need this, and is this the beginning of the 24 hour Christmas shop?
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Opening early
Sacha Berendji, director of retail, said in a statement: "We know that the days leading up to Christmas are some of the most hectic for our customers. Due to Sunday trading rules, we can only open for six hours on one of the busiest days of the year. We hope that these early bird hours on Monday will ease the pressure and give busy shoppers a bit more time to pick up Christmas food orders or last minute presents."Unspoken
Behind this statement are four things that Berendji isn't saying. The first is that retailers had been lobbying hard to get the government to relax Sunday trading laws on 23 December. According to Retail Week, the success of longer opening hours during the Olympics gave them optimism.However, this hope was crushed this week, as the government made it clear that the Olympic changes were not designed to open the floodgates. This announcement is therefore partly a response to the government.
The second issue is that Christmas shopping has become a 24 hour business already, as we spend more and more of our Christmas budget in supermarkets, which stay open around the clock. The high street is coming to terms with the fact that if it wants to compete - especially for Christmas groceries - it needs to offer similar flexibility.
The third is that the high street is in a bitter battle with online shopping outlets. According to Deloitte, this Christmas 48% of people will buy their shopping online. They are leaving the high street in droves. Given that they can order online at any time of the day or night, you have to ask why they would work around restrictive hours on the high street. Shops have to open longer and find a way to fit around our lives or we will vote with our feet.
And the fifth issue is that Christmas grocery spending is falling, so the retailers are fighting over the scraps. According to moneysupermarket, we are spending less than ever on Christmas. The bill for festive food has come down from £204 in 2001 to £152 today. With less money to fight over, the retailers have to work harder.
Slippery slope?
So is this the start of a trend towards round-the-clock high streets? Clearly we can already buy the vast majority of the things we want for Christmas at any time of the day or night - because so much of the Christmas shop is done at the supermarket and online.However, this is the next step - where the high street steps up a gear. According to the Telegraph, Waitrose will also open earlier on Christmas Eve - and over two thirds of its branches will open from 7am to 6pm.
So is this a good thing? Are you happy to have such flexibility, or is there a risk that there's no let-up in the festive spending frenzy, and no time to sit down, put our feet up and remember that Christmas isn't supposed to be entirely about shopping? let us know in the comments.
10 biggest companies in the world
- 1. Walmart<p> Wal-Mart Stores, or Walmart, is an American retailer that runs chains of discount department and warehouse stores around the world.</p> <p> The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and first traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas and has around 8,500 stores in 15 countries, under 55 different names.</p>

- 2. Royal Dutch Shell<p> Royal Dutch Shell, more commonly known as Shell, is a global oil and gas company headquartered in Holland, but with its registered office in London.</p> <p> With operations in more than 90 countries, it is active in every area of the oil and gas industry, including exploration and production, refining, petrochemicals, power generation and trading.</p>

- 3. ExxonMobil<p> Exxon Mobil Corporation, or ExxonMobil, is an American oil and gas corporation formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas.</p> <p> With 37 oil refineries in 21 countries, Exxon Mobil Corporation is the largest refiner in the world.</p>

- 4. BP<p> BP is yet another global oil and gas company, this time headquartered in London. It has operations in more than 80 countries, produces about 3.8 million barrels of oil per day and has 22,400 service stations worldwide.</p> <p> The name BP is derived from the initials of one of the company's former legal names, British Petroleum.</p>

- 5. Sinopec Group<p> Sinopec Group is one of the major petroleum companies in China, headquartered in Beijing.</p> <p> Its business includes oil and gas exploration as well as the production and sales of petrochemicals and chemical fibres.</p>

- 6. China National Petroleum<p> China National Petroleum Corporation is a state-owned fuel-producing corporation and the largest integrated oil and gas company in China. It has its headquarters in Beijing.</p> <p> CNPC - the parent company of PetroChina - was created in 17 September 1988 when the government decided to disband the Ministry of Petroleum and create a state owned company to handle all Petroleum activities in China.</p>

- 7. State Grid<p> State Grid Corporation of China is the largest electric power transmission and distribution company in China, once again headquartered in Beijing.</p> <p> It has subsidiaries in Northern China, Northeastern China, Eastern China, Middle China and Northwestern China.</p>

- 8. Toyota Motor<p> Toyota Motor Corporation, more commonly known simply as Toyota, is a multinational automaker headquartered in Toyota, Japan.</p> <p> The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father's company Toyota Industries. Its brands include Toyota, Lexus and Daihatsu.</p>

- 9. Japan Post Holdings<p> Japan Post Holdings is a state-owned Japanese company that deals with mail delivery and financial services.</p> <p> It is headquartered in Tokyo and was founded on January 23, 2006.</p>

- 10. Chevron<p> Chevron Corporation is an American energy company headquartered in San Ramon, California.</p> <p> It is active in more than 180 countries and is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production, and power generation.</p>










