Footfall likely to increase less than in previous years as shoppers struggle with cost of living crisis, say analysts
The UK retail industry is braced for a muted end to the Christmas shopping period as poor weather and strikes weigh further on consumers whose spending is already under pressure from the increased cost of living.
Analysts at the data company Springboard said they expected the number of shoppers at retail destinations across the UK to rise by 4.5% in high streets, 5% in retail parks and 10% in shopping centres in December compared with November. However, those footfall increases would be smaller than previous years.
Footfall likely to increase less than in previous years as shoppers struggle with cost of living crisis, say analystsThe UK retail industry is braced for a muted end to the Christmas shopping period as poor weather and strikes weigh further on consumers whose spending is already under pressure from the increased cost of living.Analysts at the data company Springboard said they expected the number of shoppers at retail destinations across the UK to rise by 4.5% in high streets, 5% in retail parks and 10% in shopping centres in December compared with November. However, those footfall increases would be smaller than previous years. Continue reading…
