Popular now
Debenhams sublets US warehouse to cut costs

Debenhams sublets US warehouse to cut costs

Virgin Wines downgrades profit forecast as inflation hits margins

Virgin Wines downgrades profit forecast as inflation hits margins

Whole Foods Market opens new grocery store in St James

Whole Foods Market opens new grocery store in St James

Storm Isha dampens early week footfall

Storm Isha dampens early week footfall

On this episode of Talking Shop we are joined by Phil James, founder and Creative Director of the contemporary heritage clothing brand &SONS. Phil began his career behind the lens as a commercial advertising photographer, working with global brands to hone a distinct visual language. But in 2016, he decided to step out from behind the camera to build a brand of his own.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

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.”

 

Previous Post
Morrisons nears £2.5bn sale of forecourt business

Morrisons nears £2.5bn sale of forecourt business

Next Post
Merry Hill signs 65 new leases in 2023

Merry Hill signs 65 new leases in 2023