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U.S. online holiday sales reached a record $11.8 billion on Black Friday, a 9.1% increase from last year, driven by deep discounts, AI shopping tools, and mobile commerce. Consumers are spending more despite economic uncertainties, with a shift toward online shopping and buy now, pay later plans.
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The UK is promoting Small Business Saturday to encourage local shopping and support for small firms, with increased spending expected this year. Simultaneously, authorities launch the Winter of Action to improve public safety amid rising crime, including targeted patrols and knife crime reduction efforts.
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UK food prices for Christmas are up 5% overall, with some items rising sharply. Supermarkets are countering inflation with increased promotions, especially Aldi and Lidl, offering a full festive meal for less than £12 for eight people. Despite inflation, some prices, like potatoes and Yorkshire puddings, have fallen.
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Recent data shows UK consumer spending slowed in December amid economic uncertainty and upcoming tax increases. Retail sales growth remains subdued, with online sales rising but overall confidence low. Black Friday saw strong online activity, but shoppers remain wary of the economic outlook.
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Retail sales in Scotland grew just 0.4% in December, below the three- and twelve-month averages, with inflation-adjusted sales declining 0.2%. Footfall was weak across the UK, with declines in shopping centres and retail parks, reflecting ongoing economic pressures and changing shopping habits.
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UK pub companies reported varied Christmas sales, with some experiencing strong growth despite rising costs and government rate hikes. While some chains posted record festive sales, others faced a downturn amid economic pressures and subdued consumer confidence. Industry support measures are anticipated.