Jenni Matthews, marketing and insights director at MRI Software, stated, "While many are taking to the shops ahead of Christmas Day, this may well be the last splurge before a big spending freeze sets in in the new year for consumers, meaning that retailers should be taking heed of these trends to plan accordingly for a challenging start to 2025."
Diane Wehrle, CEO of Rendle Intelligence and Insights noted, "It seems that my prediction for a 'cautious Christmas' for consumer spending is playing out. The subsequent two weeks trading since Black Friday suggests shoppers were simply not inclined to part with their cash this year, leading to overall declines in footfall and consumer confidence."
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