Now that we are well into April, the full extent of how bad UK retail was in March is becoming clearer. On Monday, Springboard released its definitive roundup of March footfall and said that it was down 6%.
Extreme weather across the UK has piled misery onto fashion retailers with a ‘perfect storm’ of negative factors denting footfall, causing stores to close and dampening consumer interest in warm-weather spring product.
Black Friday may have been expected to deliver a major boost to UK fashion stores but not only did it not do that, the race to buy online and general consumer caution meant that early December was weak too.
The UK’s Black Friday weekend got off to a strong start online on November 24, but early evidence suggests that physical store shopping was weaker and London's West End was hit by panic after a terrorist false alarm.
Black Friday store visits will drop this year for the first time since it became a key shopping day in 2013, a new study says. But another forecast says spending over the Black Friday period will rise above inflation.
More gloomy news just at the time retailers would normally be looking forward to the year’s biggest shopping frenzy.Visa's survey showed UK shoppers cut back spending more than ever last month with fashion hit hardest.