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On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

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Footfall weakened in July to -14.2% below 2019 from -12.3% in June 2022 with the month’s performance also highlighting the growing divide between the north and south of the country, according to the latest data from Springboard.

July saw a -17% decline compared with 2019 in high streets, a -18.6% decline in shopping centres and a -3.5% decline in retail parks.

Springboard revealed that in the third week of the month footfall dipped to -16.4% below the 2019 level, from -12.9% in the week before due to the extreme heatwave. In that week the uplift from 2021 also narrowed in the third week; to +11.3% from +18.2% in the previous week.

Meanwhile, it said a north-south divide is emerging in terms of the recovery in footfall; in July footfall in Greater London was +27.4% above the 2021 level versus just +8.9% in North and Yorkshire, +7.2% in Northern Ireland and +9.2% in Scotland.

It added the north-south divide in footfall recovery stretches back to July 2021, and has “increased significantly” over recent months; by July the gain in footfall from 2021 of +8.9% in the North and Yorkshire was only around a third of the +27.4% gain in Greater London.

Springboard added it anticipates that in August footfall will plateau or even drop away marginally by circa -1% from July, followed by a decline of around -3% over the months between August and September.

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