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Diane Wehrle CEO at Rendle Intelligence and Insights joins Simon for their monthly chat about footfall trends.August retail sales dipped 4.8% year-on-year despite stable footfall, with fashion and general retail taking significant hits. Consumers are demonstrating caution by making fewer transactions while spending slightly more per purchase, reflecting broader economic uncertainty and diminished confidence

• Consumer confidence remains low at -19 according to GFK's Consumer Confidence Index
• The savings ratio has reached its highest level since COVID, indicating people are saving rather than spending
• Mortgage approvals have dropped 2.4% compared to last August's 15.5% rise
• Upcoming November budget, rising unemployment, and global conflicts all contribute to consumer caution
• Q4 forecast predicts October sales down 3%, November down 1%, but December up 1.5%
• Food and drink remains strong at 25% of town centre sales
• Health and beauty continues to perform well, showing opportunity for retailers

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