Shop prices have continued to drop in October as retailers go head to head in a battle for consumers’ more limited spend.
New research has shown that retail footfall has dropped last week from the previous seven days across all UK retail destinations.
Consumer confidence has dropped in October for the first time since the height of lockdown in April, as fears grow over a double-dip recession.
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Tourist spending in central London is set to fall by £10.9 billion this year due to the Covid pandemic.
Marks & Spencer has said that searches for Christmas products on its website have skyrocketed as shoppers seek to spend early this festive period.
Shoppers have continued to increase their spending, with the amount of products bought increasing for the 5th straight month
Consumer confidence is heading for a double dip as concerns about personal finances and the wider economy deepen
Retailers had to spend more than £1 billion last year to accept payments from customers.
Retail footfall across the UK has dropped since the government’s three-tiered Covid restrictions were implemented late last..