"The BRC cautioned that the Easter uplift, which arrived earlier than usual this year, fell short of what retailers had been banking on, leaving many in no mood to celebrate as April's cost pressures begin to bite."
"Andy Sumpter, retail consultant at Sensormatic, suggested that March would have recorded a decline altogether were it not for the Easter effect, pointing to a worrying cocktail of falling consumer confidence, geopolitical uncertainty, and rising living costs."
UK footfall increased by 2.4% year-on-year in March, driven by an early Easter. However, the British Retail Consortium cautioned that this uplift may be temporary. Retailers had anticipated a stronger boost, but the actual increase fell short. Shopping centres and retail parks performed better than high streets. Manchester experienced the highest footfall recovery, while London exceeded the national average. Experts warn of declining consumer confidence and rising living costs, which may hinder future shopping activity.
Read at Business Matters
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