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December sales provide little cheer for retailers

7 January 2025
in World
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December sales provide little cheer for retailers
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Despite a 3.2% growth in December retail sales, boosted by Black Friday, overall sales for 2024 only increased by 0.4%, making it a lackluster year for retailers. The British Retail Consortium warned of challenges in 2025 due to rising taxes and wage costs, with firms like Next already planning to raise prices. Footfall in stores also declined for the second year in a row, with Boxing Day and New Year sales seeing fewer visitors.

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