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Storm Isha dampens early week footfall

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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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Battering winds from Storm Isha hit retail over Sunday and Monday with footfall across all UK retail destinations down -4.6% on the week previous and down -5.1% on 2023 levels, according to the latest data from MRI Springboard.

Against 2023 levels, footfall on UK high streets slumped by -14.4% on Sunday with the drop in Central London hitting -20.8%.

MRI revealed Scotland and northern parts of England have been most impacted by Storm Isha. With major travel disruption experienced across Scotland, footfall yesterday dropped by -18.2% against the week previous in Scotland.

Jenni Matthews, head of Marketing and Insights at MRI Software, said: “As Storm Isha battered northern parts of the UK, footfall fell by -5.1% yesterday (Monday 22nd January) from last year across all retail destinations with high streets witnessing the steepest drop at -6.4% compared to -2.4% in retail parks and -4.7% in shopping centres.

“Regionally, Scotland’s footfall dropped by -18.2% week on week and by -19.7% year on year signalling the severity of the storm in this region. This was closely followed by the South West where footfall declined by -5.9% week on week and -8% year on year.”

She added: “As the day progressed, MRI Software’s Central London ‘Back to Office’ benchmark improved from witnessing a drop in footfall of up to -6.2% week on week up until midday to rebounding to +1.2% for the full day. This suggests that travel disruptions in Southern parts of England were temporary and many commuters likely delayed their journeys into the city.

“Compared with pre-pandemic levels, footfall remained -17.8% lower across all UK retail destinations. In Scotland this reached -29.4%, with high streets reaching -37.3% which further highlights the severity of the storm.”

 

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