Shoppers on Oxford Street during Boxing Day sales in central London, Britain, December 26, 2019. REUTERS/Henry Nicholls
LONDON (Reuters) – UK shoppers sheltered at home on Thursday, with the numbers hitting post-Christmas sales set to drop significantly for a fourth year in a row, initial data showed.
Footfall up to 12 p.m. on Dec. 26, known in Britain as Boxing Day and a key date for retailers, was down 10.6% compared with the same period a year ago, market research company Springboard said, adding that bad weather had deterred shoppers.
High streets were most affected by the rainy weather with consumers reluctant to go out in the morning, Springboard said.
Black Friday sales in November and a growing number of people shopping online have reduced Boxing Day footfall in recent years.
“Boxing Day is indisputably a less important trading day than it once was,” said Diane Wehrle, Insights Director at Springboard, adding that the Boxing Day footfall was 10.9% lower than during Black Friday morning.
Barclaycard, part of Barclays Bank PLC (BARC.L), has said Britons were set to spend £3.7 billion ($4.8 billion) in the post-Christmas sales — £200 million less than last year — partly due to environmental concerns, including about the impact of so-called “fast fashion”.
Reporting by Maria Kiselyova; Editing by Kirsten Donovan