Boxing Day sales: Shoppers staying away from High Street, early data suggests

The decline in foot traffic and the increase in online shopping suggests a negative outlook for traditional retail stocks during this transitional phase. Companies heavily reliant on physical stores may struggle as costs rise and consumer habits shift. Brands that focus on e-commerce will likely continue to perform better.

Retail parks performed better with only a 3.3% decline in visits, implying that locations catering to larger shopping experiences may still attract consumers. Businesses in these areas might have a slightly more positive outlook compared to their counterparts in high streets.

Given the reduced footfall and ongoing changes in consumer spending habits, sectors focused on online services and e-commerce could benefit. This is evident with a larger share of holiday spending shifting online.