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Weekly Edition - 6 March 2015

 

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Cash Converters prepares for Mother's Day rush as Brits spend more on mum's than partners

MUMS across the North West are preparing to be spoilt this Mother's Day as people admit to spending more on their mum than they do on their lover on Valentine's Day.  Also the research by Cash Converters has shown that showed that Brits spend 79% more on Mother's Day compared to Father's Day, with more men likely to buy a Mother's Day gift than a Valentine's Day present. David Patrick, chief executive at Cash Converters, commented:- "Mother's Day is always a popular time of year at Cash Converters, as we stock a huge range of potential gifts. We always used to see a rise in the sale of jewellery around Mother's Day, but more and more people are coming through our doors looking for alternative presents. Increasingly, customers are asking for tablets and smart phones to make the perfect gift, and these are very expensive if bought new."  The increasing use of places like Cash Converters is extremely worrying as well.  Cash Converters is the UK's number one retailer of buying and selling pre-owned goods and a financial services provider, with 224 stores in the UK and over 750 worldwide.  The growth of this firm and others like it is a worrying.  It shows the lack of cash within the economy.

 

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