This year’s Black Friday was “a huge hit for online retailers, but did little to help the struggling bricks and mortar stores throughout the UK,” specialist tracking firm Springboard said on Monday morning.
Black Friday spending fell in the UK, according to one report, even though the number of items bought this year rose, suggesting consumers are bargain-focused and retailers might struggle to make a profit from the event.
The migration towards online shopping is set to present major challenges to the UK's under-pressure physical shops with visitor traffic to drop by 3.7% on Black Friday this year, according to Springboard.
A key monthly UK retail report for June seems to show that British shoppers are still turning away from physical stores and that a slight recovery seen in June in year ago was just a flash in the pan.
May offered up a mixed picture for UK retail with footfall still down, but the decline slowing. Retail parks were buoyant but shopping centres suffering disproportionately, which is bad news for the fashion sector.
The royal wedding underlines the economic potential of a sector that needs to embrace digital technologies and look for new markets and formats to face a fragmented landscape where millennials will reign supreme.
Footfall to UK stores was slow during April, despite the weather improving as the month wore on. The drop of 3.3% was a “significant decline” compared to the 1.6% hike in April 2017 when Easter flattered the figures.