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DEVELOPING: Boxing Day Sales PLUMMET! Retail Crisis Deepens.

BREAKING: Boxing Day sales are plummeting across the UK. Footfall in high streets and shopping centers is significantly down compared to last year.

New data reveals high street visits dropped 2.2% and shopping centers 3.5% by midday. Retail parks saw an increase, but not enough to offset the overall decline.

Barclays forecasts Boxing Day spending to reach £3.6 billion, a sharp decrease from last year's £4.6 billion. Online spending is also expected to fall.

Analysts say cost-conscious consumers are spending less despite increased budgets for those who are shopping. The Boxing Day sales are losing their traditional appeal.

This is a developing story. Further updates will be provided as they become available.

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This article synthesizes reporting from multiple credible news sources to provide comprehensive, balanced coverage.

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