Black Friday Sales Drop Amid Cost of Living Squeeze

Black Friday sales saw a three percent drop in foot traffic, as consumers grapple with higher taxes and a cost of living squeeze. The close proximity of Rachel Reevess Budget to Black Friday likely influenced consumer spending, with many feeling less inclined to splurge on deals. Retailers outside of London, particularly in coastal and market towns, experienced the biggest declines. Consumer sentiment data also showed a decrease in appetite for discounts, with only forty-two percent expecting to spend more than budgeted.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.