It is the time for giving, which inevitably means it’s also a time for shopping.
New figures released have shown that many Londoners avoid the largest shopping districts, instead preferring to shop from the comfort of their own homes.
The figures show that UK online shopping has a 13.5 per cent market share, while the total number of physical stores is predicted to fall by 22 per cent.
Dan Freedman went to Oxford Street to find out more.
Richard Ashcroft from the Retail Gazette joined Wake Up London to talk more about Christmas shopping and why he still thinks the January sales are the place to pick up a bargain.
Tim Denison, director of Retail Intelligence at IPSOS, discusses the matter further and explains the difficulties facing high street retailers - including the price of parking.