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Boxing Day shopping falls flat once again
Retail parks saw a 6.9% rise in visitor numbers while UK high streets declined by up to 2.4%, as shoppers favored online and earlier sales, Barclays reported.
- On December 26, MRI Software's snapshots showed UK footfall was down 0.3% on last year by lunchtime, while Barclays forecast shoppers would spend 3.6billion, below last year's 4.6billion.
- Retailers' early discounting this season and the pandemic shifted habits, with many launching sales before Christmas and MRI noting snapshots omit online shoppers.
- Regional snapshots revealed retail parks rose 6.9% in visits year-on-year, coastal towns increased footfall by 10%, while central London locations fell nearly eight per cent.
- A Barclays survey shows fewer consumers plan to shop this year due to cost concerns, online spending is predicted to fall, and employers and retailers face higher wage and National Insurance costs.
- MRI's analysts noted evening shoppers rose 9.6% on last year, overall footfall gained 4.4%, and the retail sector may still end the year positively.
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20 Articles
20 Articles
Evening Standard+9 Reposted by 9 other sources
‘Bumper’ Boxing Day for UK retail destinations, analysts say
High streets enjoyed a 3.6% increase in footfall on last Boxing Day while retail parks saw an 8.8% uplift.
·London, United Kingdom
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Coverage Details
Total News Sources20
Leaning Left4Leaning Right2Center8Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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