Christmas keeps credit crunch away - PC Retail

Christmas keeps credit crunch away

Fears fail to materialise as shoppers cause surge over October figures
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The November Retail Traffic Index figures from SPSL reveals a better than anticipated retail footfall, despite fears over the global credit crunch.

Footfall on the UK High Street has fallen by just 0.8 per cent compared with the same period last year, but up 2.7 per cent on October. This is in spite recent news that electrical retailers have begun to see a fall in sales of large value items such as white goods and computers.

Commenting on the figures Dr Tim Denison, SPSL's retail psychologist, said: "It's lovely to be able to bring some good news to the party this month, as pressures build in the run-up to Christmas.

"We had forecast that retail traffic would fall by 1.7 per cent in the month against last year, so the decline of just 0.8 per cent shows that activity on the High Street has held up well in November.

"2007 has been an altogether quirky year for UK retailing. It has been difficult to predict right from the onset. Retailers have struggled to get into any rhythm over what is selling and what's not; hard trends have simply not emerged."

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