Don't open till Christmas (1984)
Slasher Classics Collection

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It's Christmas time in London - the season of good will to all men. A time for celebration, a time for family, a time for presents. This year, it's also time for a masked maniac to be let loose on the streets. His intended victims are chosen at random but they have one thing in common: they are dressed in the flowing white beard and bright red robes of Santa Claus.
The killer selects different methods to fulfill his grisly task. One Santa has his throat cut, another is axed to death, a third is held face down in a red hot brazier, a fourth is castrated and left to bleed to death. The police are baffled as the horrific death toll rises. Fourteen corpses, and only three killing days left until Christmas...