Boxing Day footfall up from 2021 but still far below pre-pandemic levels as cost pressures curb sales
• Retail footfall on Boxing Day 2022 was up 1.4% vs 2021 but still down 30% vs pre-pandemic 2019 levels • Several major retailers like John Lewis, M&S, Next, Poundland, Home Bargains stayed closed on Boxing Day • Shopper demand was mixed - long queues at some stores like Harrods, Primark, Lush but overall visits expected to be down 25% vs 2019 • Consumers have less disposable income due to inflation, rising interest rates, and savings from pandemic already spent • Retailers have spread out discounts before & after Christmas, making Boxing Day sales less important than before