The disappointing results, which come on the same day that we have learnt that the economy failed to grow between July and September, clearly reflect the ongoing cost pressures faced by households following a prolonged period of very high inflation. It appears this Christmas has been disastrous for retail, and a bad omen for 2025.
Even on Super Saturday - the final Saturday before Christmas Day which is typically the peak shopping day of the year - footfall was only +4.1% higher than on Saturday 14th December, and virtually flat on 23rd December 2023 with a rise of just +0.9%.
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