If Springboard reports are anything to go by, then Boxing Day in the UK hasn’t been good for retail sector.
Yes, it was expected because of the severe restrictions imposed by the Government across the UK. But the fall in the footfall has been shocking!
The overall slump in the footfall – all across the UK – has been around 60 per cent and that’s alarming.
Talking of Tier-4 areas, which saw all non-essential retailers, including those selling apparels and fashion accessories, closed, the footfall was 77.3 per cent lower than what it was on the Boxing Day of 2019.
It’s been same in Tier-2 and Tier-3 as well! The non-essential retailers were open on the Boxing Day in Tier-2 and Tier-3, yet the footfall, as per reports, fell by 38.2 per cent and 42.5 per cent, respectively.
The poor footfall was a distinct indication that people preferred to stay indoors owing to severe restrictions.
E-commerce sales, however, rose but that was expected, though the exact numbers are still not available.
However, The Centre for Retail Research had estimated that around £1.79 billion will be earned through e-commerce sales on the Boxing Day.
Poor footfall has at least made one thing clear that whatever the final Christmas and Boxing Day sales number will be, it is surely not going to sound good for the retail sector.