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Footfall slumps on New Year's Day

Footfall fell by 9.7% on New Year's Day against the previous year according to Experian.

Experian said the figures were somewhat skewed because New Year's Day fell later in the week than last year. On Monday this week, footfall was up 17.9% on teh same day last year, which was New Year's Eve.

Anita Manan, senior analyst at Experian Business Strategies said: "The Sales will not be able to continue for too much longer and this weekend will be critical for retailers as they focus on shifting stock. It will be difficult to avoid January blues, but it will be survival of the fittest as retailers withstand from becoming insolvent."

"Consumers will also become more focussed on purchasing necessity products, limiting the numbers purchasing luxury items to the carefree consumers with disposable income. Alongside limited footfall, retailers are also faced with the competition of channels available for shopping."

Readers' comments (1)

  • I was shopping in The Trafford Centre yesterday and the place was packed. Because I guess retailers were offering shoppers great deals ie. SALE. Sharp Retailers who continue to give Customers what they want-the right product at the right time and, most importantly, at the right price-will survive and thrive. Margins will be under great pressure, as will costs. Sharp Retailers will be looking at ways cutting costs and getting the best deals with e.g. procurement of retail supplies, equipment etc. Suppliers of such commodities will need to be keen with their prices and completely on the ball!

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