Figures out today show only a slight rise in consumer sales over the festive period - up 0.3%.
Big stores like Debenhams, House of Fraser and John Lewis have reported a sharp increases. And, of course, online shopping saw a big boost.
But it has been a tough 12 months for retailers, with the loss of names like Game and Comet. So, what's the verdict in our high streets?
Charlotte Wilkins finds out, speaking to shopping centre manager Gill Buchanan, sales director Graham Russell, joint managing director Melanie Wakefield and shop owner Donna Camera.