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Retailers face a tough year as Christmas sales slump 11.4%, with £7 billion in new costs looming.
This Christmas was tough for retailers due to the cost-of-living crisis, with footfall down 11.4% in the week before Christmas.
Despite a 5.5% rise in footfall on Black Friday, the British Retail Consortium warns of a potential spending squeeze in January as public confidence in the economy has dropped.
Retailers face a challenging year with low demand and £7 billion in new costs from the budget.
4 months ago
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