The ongoing eurozone crisis led to much trepidation about what Christmas 2011 might bring for retailers. In fact, EU-27 retail sales were flat over the festive season, a similar outcome to the previous year, which was neither a resounding success nor as bad as some had feared. But there were major differences by country with retail sales falling in southern Europe whilst retailers in much of Central and Eastern Europe (CEE) enjoyed a mini boom. The Nordics and the UK had a solid Christmas season but sales were disappointing in Germany and France. As last year, an increasing number of consumers turned to the internet to do their Christmas shopping.
Source : CBRE