Consumers in the UK are predicted to spend £3 billion less across the Christmas period this year but online is likely to enjoy a boost.
Subscriptions were all the rage during the pandemic but the demand for such recurring-revenue products has fallen back.
Retailers have been moving towards delivering increasingly frictionless experiences to customers in their stores including the first cashier-less shops but such strategies are potentially being setback by the rising levels of shoplifting and other crimes.
The announcement by WH Smith that it will not open any more high street stores dealt further blows to the state of the physical retail landscape.
British luxury brand Burberry has reopened its flagship store in London with a new look minimalistic design