Quote:
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Retailers are facing a tough close to the festive season amid signs that shoppers have ditched the traditional post-Christmas sales trip due to Brexit worries and the growing popularity of online stores.
Shopping centres had a particularly disappointing Boxing Day, suffering a 19.9% year-on-year drop in footfall – a measure of shopper numbers. High streets saw footfall decline 2.2% compared with 2015, and for out of town retail parks footfall was down 4.2%, despite earlier optimism, according to retail analysts Springboard.
(...)
(Diane Wehrle, Springboard’s insights director) highlighted signs that households are worrying about financial pressures, with the pound’s fall since the referendum stoking inflation by making imports to the UK more expensive. There were also concerns about more economic upheaval when the UK formally starts the process of leaving the EU.
“There is a note of caution around spending at the moment ... as we get towards the period when we are going to invoke article 50 that will start to impact confidence,” said Wehrle.”
“
Retailers are facing a tough close to the festive season amid signs that shoppers have ditched the traditional post-Christmas sales trip due to Brexit worries and the growing popularity of online stores.
Shopping centres had a particularly disappointing Boxing Day, suffering a 19.9% year-on-year drop in footfall – a measure of shopper numbers. High streets saw footfall decline 2.2% compared with 2015, and for out of town retail parks footfall was down 4.2%, despite earlier optimism, according to retail analysts Springboard.
(...)
(Diane Wehrle, Springboard’s insights director) highlighted signs that households are worrying about financial pressures, with the pound’s fall since the referendum stoking inflation by making imports to the UK more expensive. There were also concerns about more economic upheaval when the UK formally starts the process of leaving the EU.
“There is a note of caution around spending at the moment ... as we get towards the period when we are going to invoke article 50 that will start to impact confidence,” said Wehrle.”
https://www.theguardian.com/business...g-centre-sales
We have not left yet, and each and every time there is some worry that we might, the economy gets affected negatively. The effect of any impending Brexit is all single-sided and negative !
