Looks like traditional retail spending may be weakening further. (Have consumers run out of money? My locals were easily the quietest I have seen in 18 years last night. Quieter than an average Saturday - no queues in any pub and seats available everywhere. You used to have to fight to get through the doors. )
Sales fever hard to sustain as New Year approaches
Sunday January 1 2006
The Retail FootFall Index released today, shows a decrease of -12.4% during the period between Christmas and New Year compared with 2004.
Natasha Burton, marketing manager at FootFall comments, "Despite the fantastically busy first two shopping days after Christmas, normality seems to have returned with shopper numbers falling a disappointing -12.4% below 2004 for Monday to Friday combined. Shoppers really took advantage of the holiday days this year and early bird bargains were the watchword of the week. Numbers fell as the week progressed, people returned to work and had had their fill of bargain hunting for the week. With the majority of Christmas trading figures yet to be released, we will have to wait to see if the early sales boost helped retailer fortunes on the high street”
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