Christmas ‘disastrous’ for retailers as households battle ongoing …

This Christmas appears to have been “disastrous” for retailers as households battle with ongoing cost-of-living pressures, figures suggest. Retail footfall was 11.4% down on last year over the ...

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Christmas ‘disastrous’ For Retailers As Households Battle Ongoing …

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Christmas ‘disastrous’ For Retailers As Households Battle Ongoing …

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3 days ago · Christmas ‘disastrous’ for retailers as households battle ongoing cost pressures Retail footfall was 11.4% down on last year over the final full week before Christmas, …

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UK Retail Spending Rises Ahead Of Christmas 2023

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3 days ago · The spending uptick is also reflected in households benefiting from increased disposable income, which surged by 10.5% in November—a trend observed for six …

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This Christmas Has Been ‘disastrous’ For Retailers

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4 days ago · This Christmas appears to have been “disastrous” for retailers as households battle with ongoing cost-of-living pressures, figures suggest. Retail footfall was 11.4% down on last …

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Are retailers facing a 'disastrous' Christmas?

Retailers have been hit with a "disastrous" Christmas as the cost-of-living crisis continues to hold back household spending, new figures suggest. Data from Rendle Intelligence and Insights reveals that retail footfall plummeted by 11.4% compared to last year in the crucial final week before Christmas. ...

Are warning signs threw the fate of the holiday retail season into doubt?

Still, some warning signs threw the fate of the holiday retail season into doubt. Credit card debt climbed to a record high in the third quarter of 2023, surging nearly 5% from the previous quarter and leaving a growing share of borrowers late on payments, a Federal Reserve report last month showed. ...

How did retail footfall compare to last year?

Data from Rendle Intelligence and Insights reveals that retail footfall plummeted by 11.4% compared to last year in the crucial final week before Christmas. Even on Super Saturday, which is usually the busiest shopping day of the year, there was only a marginal increase in shoppers. ...

How has Black Friday impacted shopper visits?

Shopper visits, a metric used to assess in-person sales, rose 4.6% compared on Black Friday compared to a year ago -- a rate that nearly doubled the average overall increase in foot traffic this year up to that point, retail data firm Sensormatic Solutions said. Shoppers visit the Christmas Village in Philadelphia, Dec. 13, 2023, in Philadelphia. ...

How much has shopping risen over the holidays compared to last year?

Buying among shoppers rose 3.1% over the holidays compared to the same period last year, according to data released on Tuesday by Mastercard SpendingPulse, which measures in-store and online purchases from Nov. 1 to Dec. 24 across all forms of payment. The data is not adjusted for inflation. ...

How has Black Friday impacted retail sales?

By contrast, the data showed, in-store purchases grew at a sluggish pace of 2%. The majority of purchases took place in person, resulting in the 3.1% overall growth rate, Mastercard SpendingPulse said. The rush of holiday shopping aligns with a burst of optimism among observers following robust sales on Black Friday. ...