UK Black Friday shopper numbers decline, according to MRI Software analysis
UK Black Friday Shopper Numbers Decline: According to MRI Software, Black Friday shopper numbers in the UK dropped 1.6% year-on-year, despite a week-on-week increase of 11.8%.
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Consistent Footfall Increases: High streets, shopping centers, and retail parks all experienced consistent rises in footfall during the week, as reported by MRI Software.
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Mixed Performance for Black Friday Week: Throughout the Black Friday week, overall shopper numbers rose 7.9% compared to the previous week and increased modestly by 2.0% year-on-year.
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Cautionary Consumer Sentiment: The subdued Black Friday figures reflect a cautious consumer sentiment, with the global event appearing less vibrant compared to previous years.
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Retailers Banking on Black Friday Boost: UK retailers were relying on Black Friday to spur spending after a lackluster October, marked by an unexpected drop in retail sales volumes.
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Economic Climate Concerns: The subdued Black Friday performance adds to concerns about the economic climate, with retailers closely monitoring consumer behavior as the holiday season unfolds.