Post-Black Friday Lull Predicted to End Soon
- UK retail footfall dropped by 0.9% after Black Friday
- Footfall decline of 5% in the week between 8-14 December
- Black Friday boosted footfall by 3.3% this year compared to a 5.4% drop last year
- Springboard predicts 5% growth in footfall between current and next week
- Footfall expected to peak on ‘Super Saturday’ with a 10% increase
- Annual footfall to fall by only 0.9%
UK retail footfall dropped by 0.9% after the Black Friday boost, according to Springboard’s latest figures. The week between 8 December and 14 December saw a 5% annual decline in footfall, in line with the anticipated ‘lull’ for this period. This contrasts sharply with last year’s 3.4% increase from the previous week and only a 0.1% drop on an annual level. Springboard attributes this difference to Black Friday’s success this year, which effectively removed the momentum built for Christmas shopping. Diane Wehrle, insights director at Springboard, said consumers took advantage of early discounts and are now waiting for deeper discounts closer to Christmas. Super Saturday is expected to be the peak trading day with a 10% increase in footfall on December 21st, while Monday and Tuesday offer last-minute shopping opportunities.
Factuality Level: 8
Factuality Justification: The article provides accurate information from a reliable source (Springboard) and presents it in an objective manner without any personal perspective or sensationalism. It also includes relevant data and predictions for future trends.
Noise Level: 3
Noise Justification: The article provides relevant information about the impact of Black Friday on UK retail footfall and makes predictions for future trends based on data from Springboard. It offers some analysis and insights into consumer behavior during the holiday shopping season. However, it could benefit from more context or evidence to support its claims and could explore the consequences of these trends on businesses and consumers.
Financial Relevance: Yes
Financial Markets Impacted: Retail industry
Financial Rating Justification: The article discusses the impact of Black Friday and Super Saturday on footfall in UK retail destinations, which can affect sales and revenue for retail companies, thus having financial relevance.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.
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