Economics
Almost Half of U.K. Shoppers Spent Less at Christmas This Year
- Brexit-led inflation, tight incomes keep lid on spending
- Two-thirds of British consumers shopped online, many at Amazon
The Death of the Department Store
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Many Britons seem to have tightened their belts this festive season in an early sign that retailers won’t have received much of a boost from the holidays.
Forty-seven percent of consumers said they spent less on Christmas this year than last, according to a survey by Retail Economics. A quarter said they wouldn’t shop in after-Christmas sales because they had already spent their money during Black Friday promotions.