According to early data from GfK NOP’s annual Christmas Spending Study, it appears that retailers are in for a tough Christmas for the second year running, with even more people than last year planning to cut back on festive season spending.

The survey of 1000 UK adults (aged 16+) shows that one in five of us are planning to spend less on presents this year, compared to last year, with only a tiny 1 in 10 planning to spend more.

Not even close family members will escape the cut backs with the biggest savings planned for presents for nearest and dearest. Overall, the study suggests we’ll be spending 15% less on gifts this year.

However, a lot of advertisments for black friday appeared on the internet here and there, such as discount, deals, coupon code and so on. Thus, it is advisable to purchase your christmas gift before black friday with so many preference. The more you purchase, the more preference you will enjoy.

Tags: Christmas Spending Survey 2009