UK Retail Store Traffic Falls as Shoppers Opt for Holidays
- Footfall at UK retail outlets drops for 12th straight month
- Cost-of-living fallout continues to squeeze consumers
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UK retail traffic slumped for a 12th consecutive month in July as shoppers chose to spend on holidays and leisure activities over small-ticket items.
The number of people entering stores fell 3.3% in July from a year ago, according to data from the British Retail Consortium and Sensormatic IQ released Friday. That exceeded the 2.3% decline the month before.