Footfall
This coverage explores footfall trends and their impact on the UK retail sector. Reporting includes data on shopper visits, analysis of high street and shopping centre traffic, seasonal fluctuations, and the effectiveness of initiatives to drive in-store engagement. Designed for retail executives and managers, it offers insights to inform operational planning, marketing strategies, and store performance evaluations.
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May- 2024 -24 MayNews
Today’s news in brief-24/5/24
In April, retail sales volumes dropped by 2.3% following a 0.2% decline in March, primarily due to ongoing wet weather, as reported by the Office for National Statistics (ONS). Non-food stores experienced a significant 4.1% fall, equalling the largest drop since January 2021, with clothing, sports equipment, and furniture retailers…
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24 MayEconomy
Retail sales slump 2.3% in April amid wet weather
Retail sales fell by 2.3% in volume over April, following a fall of 0.2% in March, as the retail sector was hampered by ongoing wet weather over the period. According to the Office for National Statistics (ONS), sales volumes were down across most sectors, with non-food stores particularly “doing badly” as…
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21 MayNews
Today’s news in brief-21/5/24
Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths are diverging. This acquisition excludes Cooplands bakery, certain Starbucks outlets, and EG’s electric vehicle charging business, Evpoint, with the deal expected to conclude by late June. Additionally, Zuber Issa is…
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21 MayDIY
Topps Tiles sees profits and sales fall amid ‘weak market’
Topps Tiles posted a loss before tax of £1.5m for the 26 weeks ended 30 March 2024 as it faced a “challenging” tile market. The group also saw revenues decline 5.8% to £122.8m, down from £130.3m the previous year. It said this was impacted by lower footfall which led to…
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3 MayNews
Today’s news in brief-3/5/24
Asda, following strong FY23 financial results, has successfully refinanced £3.2bn of debt, pushing maturities into the next decade. This included issuing significant high-yield bonds and extending its revolving credit facility to October 2028. The refinancing reflects Asda’s robust performance and investor confidence after Moody’s recent upgrade. The Works has completed…
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3 MayHigh Street
Retailers face slow start to Spring as footfall declines 7.2% in April
Retailers experienced a slow start to Spring as total UK footfall decreased by 7.2% in April (YoY), down from -1.3% in March, according to the latest figures from the BRC. However, the BRC revealed the figures were slightly distorted due to the earlier Easter which led to tough comparables. High…
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2 MayNews
Oliver Bonas to open new shop in Angel Central
Oliver Bonas, the independent British lifestyle brand, has selected Angel Central to open its newest store in Islington. Angel Central will see the arrival of a 2,856 sq ft store for Oliver Bonas, neighbouring anchor brand H&M as well as Flying Tiger. Opening on 11 May, the new space will…
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1 MayProperty
Network Rail annual retail sales surpass £800m
Network Rail has revealed that retail sales reached over £800m in the past 12 months across its retail portfolio of 19 managed stations in Great Britain. It said that over 600,000 sq ft of prime retail space is managed by Network Rail within major city centre locations, with footfall climbing…
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1 MayLuxury Goods
Mulberry revenues decline 4% in FY24
Mulberry Group revenues fell by 4% in the year ended on 30 March compared to the previous year against a backdrop of challenging macroeconomic conditions and a decline in luxury consumer spending. Losses for the full year will be impacted by the additional operational costs of new stores in Sweden…
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Apr- 2024 -22 AprilNews
Gloucester Quays footfall rises 7% in FY24
Gloucester Quays has revealed a record period of sales and footfall performance up 11% and 7% respectively. The outlet is also celebrating its 15th anniversary, going from a new destination in the South West when it launched in 2009, to establishing itself as the dominant retail and leisure hub in…
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