Boxing Day shoppers in the UK are projected to spend £3.7 billion, marking a 3% decrease from the previous year, influenced by the overshadowing impact of Black Friday events and consumer budgetary concerns.
High household bills and the aftermath of last year’s cost of living crisis contribute to a cautious approach, with only 14.3% of consumers expected to participate in Boxing Day sales.
Major retailers like John Lewis, Waitrose, The Range, and Aldi plan to keep their doors closed on Boxing Day, and retail analysts predict a 15% decrease in in-person shopping compared to the previous year.
The shift to online shopping, the impact of blended families, and changing post-pandemic habits further contribute to the evolving retail landscape.
1. Boxing Day spending in the UK is expected to reach £3.7 billion, reflecting a 3% decline from the previous year.
2. Black Friday’s prominence and consumer budget concerns contribute to the subdued sales outlook.
3. Only 14.3% of consumers anticipate participating in Boxing Day sales or online purchases post-Christmas.
4. Major retailers like John Lewis, Waitrose, The Range, and Aldi plan to keep their doors closed on Boxing Day.
5. Retail analysts predict a minimum 15% decline in in-person shopping on Boxing Day compared to the previous year.
6. The shift to online shopping, accelerated by the pandemic, continues to impact traditional retail enthusiasm.
7. The clothing market faces challenges due to a mild autumn and the rising popularity of secondhand platforms.
8. The online retail sector experienced a 9% decline last year, but better delivery services may lead to a recovery in December.
9. Health and beauty products, electrical goods, and fragrance sales are performing relatively well in the current retail landscape.
10. Cautious consumer spending reflects low shopper confidence, with signs pointing to increased acceptance of secondhand gifts.
