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High Street giants hit by 15% drop in sales shoppers
Daily Express
|December 28, 2023
STORES such as Next and Marks & Spencer saw their shares fall yesterday as Boxing Day high street sales proved to be a damp squib.
Figures yesterday showed the number of shoppers was up 4% on last year. But it was still nearly 15% lower than in 2019.
It lead to fears about festive trading and Jenni Matthews, at retail analysts MRI Software, said the longer-term fall was down to the rise of online shopping.
The firm said high streets were nearly 9% busier than December 26 last year after experts predicted Next and M&S to be among those that enjoyed a strong run-up to Christmas.
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