Royal wedding fever set to boost retail spending by £195.5 million
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Retailers are expected to see shopper numbers increase by an average of 0.3% over the months to the end of August, according to Springboard.
In May alone, royal wedding fever will see consumers spend an estimated extra £93.1 million across UK high streets, shopping centres and out-of-town retail parks - and a further £102.4 million over the summer months of June, July and August.
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Hide AdWith the global spotlight on the UK, spending by tourists is expected to rise by £48.9 million over the coming months.
More than £41.1 million will be spent on wedding-related merchandise, Springboard has predicted.
Diane Wehrle, insights director at Springboard, said: "National celebrations have traditionally had a positive impact on both footfall and spending behaviour.
"Over the period of the royal wedding of the Duke and Duchess of Cambridge, footfall increased by 5% in the week of the wedding, and then by an average of 0.9% over the three months following the wedding as shoppers' spirits were lifted and their purse strings loosened.
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Hide Ad"Whilst we are anticipating a rise in sales, we are forecasting that this increase will be around a quarter of that forecast for the previous royal wedding - in part as a result of the poorer trading conditions we are currently experiencing.
"However, we are still anticipating that spending on food and drink will rise by £33.2 million, whilst non-food which includes fashion will reach £48.9 million as a result of the much talked about 'Meghan effect'."