Article 26QTD Brexit worries and online stores hit shopping centre sales

Brexit worries and online stores hit shopping centre sales

by
Katie Allen
from on (#26QTD)

Retail outlet footfall drops drastically as fewer shoppers make Boxing Day trips and prefer leisure experiences to spending on physical goods

Retailers are facing a tough close to the festive season amid signs that shoppers have ditched the traditional post-Christmas sales trip due to Brexit worries and the growing popularity of online stores.

Shopping centres had a particularly disappointing Boxing Day, suffering a 19.9% year-on-year drop in footfall - a measure of shopper numbers. High streets saw footfall decline 2.2% compared with 2015, and for out of town retail parks footfall was down 4.2%, despite earlier optimism, according to retail analysts Springboard.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments