Decline in Physical Store Visits on Boxing Day

Decline in Physical Store Visits on Boxing Day

"Did you know UK shoppers are set to spend a staggering £3.7bn this Boxing Day?"

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Online Shopping Surge
This Boxing Day, UK shoppers are expected to spend £3.7bn, a slight increase of 1.3% from 2023. The convenience of online shopping is driving this trend, with more than 11 million people anticipated to shop online on Christmas Day.

Decline in Physical Store Visits
High streets are predicted to be less busy as shoppers prefer to buy beauty and technology deals online. The decline in physical store visits is partly due to some major retailers, like John Lewis and Marks & Spencer, choosing to remain closed on Boxing Day.

Impact of Inflation and Cost of Living
Last year's Boxing Day sales saw a 7.5% increase from 2022, driven by a 9% rise in online sales. This year, eased inflation and pay rises have softened the cost of living crisis, allowing more room for spending on treats.

Trends in Beauty and Technology
Beauty sales are thriving thanks to social media promotion, driving interest in premium skincare and cosmetics. Technology sales, including LED face masks, are also on the rise as people return to offices and social events.

Fashion Sales Decline
Despite the overall increase in spending, fashion sales are expected to drop due to heavy discounting prompted by a mild autumn.

Boxing Day vs. Black Friday
Boxing Day has lost some of its appeal to US-inspired Black Friday and Cyber Monday sales. By the time Boxing Day arrives, many shoppers have already completed their Christmas shopping.

Future Spending Predictions
Analysts predict that consumer spending will strengthen next year as disposable income rises, leading to increased spending on travel, dining out, and electronics.

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Hashtags
#BoxingDay #ShoppingSpree #UKRetail #OnlineShopping #HolidaySales #BeautyDeals #TechBargains #RetailTrends #ConsumerSpending #BlackFriday

Link
(https://www.theguardian.com/business/2024/dec/26/uk-shoppers-boxing-day-sales-deals)