High street sales suffer, but pubs cash in

Christmas sales suffer

Shopper numbers slid 9% year-on-year on Monday and Tuesday, according to Springboard data, dashing hopes that consumers would stage a late Christmas rush to stores. Insights director Diane Wehrle said about 2% of the decline was down to the timing of Christmas Day – one day later in the week than last year. In addition, mild weather and a switch to buying online have combined to create little demand for new coats, boots and knitwear. Black Friday in late November may also have eaten up sales which retailers might otherwise have hoped for this month. The big winners have been pubs and restaurants, with spending up 18% and 16.4% respectively.

 

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