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Last year, retailers navigated rising costs, ever-evolving consumer habits and unreliable temperatures, alongside a new government, and sweeping legislative and tax changes. Businesses pinned their hopes on a buoyant Christmas, but the all-important festive trading failed to end the year on a high for many.
While Next's stellar peak performance bucked the trend, many retailers have reported “subdued” sales, and “lacklustre” Christmas trading brought fewer shoppers to all locations, across all four nations of the UK in December, leading footfall for the month of December to drop 2.2% year on year, the latest BRC-Sensormatic data shows. It capped a difficult year for fashion retail, when total footfall for the 12 months was down 2.2% on 2023, marking the second year in a row of footfall in decline. Read our analysis of Christmas sales here.
As attention now turns to 2025, the retail industry still faces myriad challenges. The largest private sector employer in the UK, providing around 2.8 million
3 months ago