The analysis shows a relative stability in footfall for London compared to the substantial declines seen in the rest of the UK, indicating its unique status.
London's stronger performance is likely due to its attractiveness as a tourist destination, which helps sustain higher visitor numbers despite overall trends.
The pandemic accelerated the shift to online shopping, a trend that retailers must adapt to as they face inevitable price increases and job losses.
As retailers brace for financial challenges in 2025, the impacts of rising costs and store closures are pressing concerns for the industry.
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