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In this episode we speak to Matt Dalton, consumer sector leader at Forvis Mazars. Matt discussed the biggest challenges facing the retail sector, from cost pressures and wage increases to polarised property markets and geopolitical shocks, and the ways in which retailers can best navigate these. We also explore how short-term cost-cutting could undermine long-term resilience, and how retailers can best remain agile and adaptable in unforecastable times.

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Unibail-Rodamco-Westfield, owners of shopping centre chain Westfield has reported a rise in footfall in July, with almost eight million shoppers visiting its London centres in Stratford and White City.

Westfield said it was “bucking the trend” in the retail market, as shopping centre footfall continues to fall, dropping by 3.1% last month, according to latest footfall figures from Springboard.

The company reported a 6.4% year-on-year increase in footfall for the six months to 30 June 2019, with 39.72 million visitors across both centres, sales also rose by 7.1% in the UK for H1.

A company statement said: “Following a record 81.8 million visitors in 2018 across our London destinations, Westfield London and Westfield Stratford City have continued to buck the wider industry trend, with a 6.4% year-over-year uplift in footfall for H1 2019 with almost eight million shoppers visiting the centres since the beginning of July.”

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