More UK retailers in critical financial distress, as Boxing Day sales fall – business live
Rolling coverage of the latest economic and financial newsBoxing Day footfall down on UK high streets despite discountsGood morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.Cost-of-living pressures have been blamed for a drop in shoppers hitting the UK high street yesterday.The decline in Boxing Day activity may reflect a shift in consumer behaviour, influenced by the ongoing cost-of-living crisis.With footfall levels +18.1% higher in all UK retail destinations on Christmas Eve this year compared to Christmas Eve last year, suggesting that many shoppers concentrated much of their spending in a pre-Christmas rush.“The key thing about footfall numbers is that they don’t tell the whole story.Lots of shops are now closed on Boxing Day. It used to be just John Lewis, but now Next, M&S and most big supermarkets close.” Continue reading...
Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.
Cost-of-living pressures have been blamed for a drop in shoppers hitting the UK high street yesterday.
The decline in Boxing Day activity may reflect a shift in consumer behaviour, influenced by the ongoing cost-of-living crisis.
With footfall levels +18.1% higher in all UK retail destinations on Christmas Eve this year compared to Christmas Eve last year, suggesting that many shoppers concentrated much of their spending in a pre-Christmas rush.
“The key thing about footfall numbers is that they don’t tell the whole story.
Lots of shops are now closed on Boxing Day. It used to be just John Lewis, but now Next, M&S and most big supermarkets close.” Continue reading...
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