Boxing Day in Focus for UK, Canadian Retailers

Today is Boxing Day. Never heard of it? Well it is a national holiday in the UK, Ireland, Canada, Australia and a host of other counties. Boxing Day is traditionally the day after Christmas and supposedly got its name because a ‘Christmas Box’ is a name for a Christmas present in Britain and was a day off for servants and the day when they received a ‘Christmas Box' from their masters. It also happens to be a busy shopping day.

This Boxing Day could bring with it deep discounting. The U.K.'s Guardian reported that retailers are expected to cut prices by the largest amount since the collapse of Lehman Brothers in 2008. It is estimated that Boxing Day sales could reach nearly EUR 3 billion in the U.K. alone. Australian's are seen spending $2.1 billion this year, up from last year's $1.9 billion.

Stocks that may be impacted from Boxing Day sales include: Hudson's Bay Company (HBC.TO), Macy's (NYSE: M), LVMH Moet Hennessy Louis Vuitton SA (OTC: LVMUY), Tiffany & Co. (NYSE: TIF), Marks & Spencer Group plc (OTC: MAKSY), PVH Corp. (NYSE: PVH).

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