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Retailer tactics that shone online and over the Christmas trading period

18 Jan 2019

Reports and insight into tactics that worked for retailers online and across the sales channels in the recent months with a particular focus on the Christmas period.
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Local shops supported by Welsh assembly members

18 Jan 2019

Assembly members were able to pledge their support for their local shops at the National Assembly for Wales.
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Can discounting have a negative impact?

14 Jan 2019

This year may mark the most brutal Christmas and New Year's for retailers ever.
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Future High Streets Fund

9 Jan 2019

The launch of Future High Streets Fund is there to modernise high streets and town centres.
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Decline in Boxing Day footfall

9 Jan 2019

The footfall numbers from Boxing Day have declined for the third consecutive year.
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UK not ready to go cashless yet

9 Jan 2019

The Access to Cash Review published a report suggesting that the UK is not ready to go cashless yet.
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Government plans to extend plastic bag charges

9 Jan 2019

The Government plans to extend the charge of plastic bags to small retailers by 2020, with plans to increase the charge from 5p to 10p.
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Making Tax Digital pilots and webinars available

8 Jan 2019

Making Tax Digital (MTD) is to come into effect on the 1st of April 2019, find out what you need to do and more helpful tips.

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APPCG meeting on latest updates from Manchester and London

7 Jan 2019

The APPCG hope you can join their next meeting on the latest updates from Manchester and London.
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20-70% correction in retail properties

18 Dec 2018

Fidelity is predicting a 20-70% correction in retail property as the sector gets de-rated due to rent cuts.
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Decline in Boxing Day footfall

Posted on in Business News

Boxing Day's footfall in decline by -1.3%.

boxing day 

Boxing Day falls just weeks after Black Friday and the 22nd of December, the peak trading day before Christmas.

According to Springboard , the last few years have found the footfall on Boxing Day to be 10.0% lower than that on Black Friday. A figure that has remained consistently around 10.0% since 2016, with 2018 demonstrating a 10.7% lower footfall than Black Friday.

Although, 2018 marked a year with a footfall decline that was less than the previous two years by a smaller drip in high street footfall (-0.3%) compared to 2017 (-6.2%) and 2016 (-3.6%).

Both the Association of Convenience Stores (ACS) and Springboard state that the continuous discounting over the year is to amount for the decline in footfall on Boxing Day.

Interestingly, Boxing Day is one of the days in the year with the highest discounts on consumer products yet the footfall is still religiously declining. This could correlate to the growth of exclusive discounting online rather than in-stores which affects the footfall.

Springboard suggests that the decline in footfall is an indication of the importance of Boxing Day as a trading day.

This year, a lot of the footfall that was accounted for on Boxing Day would have been from consumers taking part in a wider variety of leisure experiences including food and drink.

High streets have become so much more than just shopping destinations but destinations of leisure. In parallel to this evolution, the online market space for retail and other forms of leisure, including food and drink, have become more and more prominent within today's society. This could explain the decline in footfall across the UK's high streets as consumers are balancing their time between both in-store purchases and online purchases. This could also account for why the online retail market numbers are rising while the high street footfall numbers fall, consumers are latching onto the lifestyle, be it in-store or online, that works for them.

We'd like to know if you were open on Boxing Day? How was footfall for your business on Boxing Day and over the Christmas period? Let us know in the comments below. 

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