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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Mar- 2024 -1 MarchNews
Oxford Street revamp to deliver £2.8bn in sales by 2033
The upcoming £90m Oxford Street Programme is set to deliver up to £2.8bn in total additional sales to the West End between 2027-2033, New West End Company has revealed. The significant public and private investment into Oxford Street’s public realm coincides with a wider evolution in mix across the street,…
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Feb- 2024 -29 FebruaryNews
Today’s news in brief-29/2/24
UK retail destinations saw a decline in footfall by -2.2% overall for the month. The start of February was marked by rail strikes and disruptions, though footfall initially rose by +2.9%. The half-term holiday in the third week contributed to a rise in footfall of +8.3% from the previous month,…
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29 FebruaryShopping Centres
Hammerson rental income jumps 6% amid footfall boost
Hammerson has reported a 6% increase in like-for-like gross rental income following a record year of leasing with 306 deals. As a result, Hammerson also saw a 11% increase in its adjusted earnings growth to £116m. Footfall across its retail locations was also up 3% with LFL sales in the…
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29 FebruaryHigh Street
Half-term boost fails to save Feb footfall
Half-term failed to save footfall figures in February as it declined by -2.2% across UK retail destinations for the second consecutive month, largely driven by a drop in footfall of -3.5% in high streets, according to the latest figures from MRI Springboard. MRI said the start of the month was…
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28 FebruaryElectrical
Halfords issues profit warning as core markets weaken
Halfords has announced that it now expects its full year PBT to be in the range of £35-40m, down from the £48m and £53m it previously expected. This comes as a result of three of the company’s four core markets weakening resulting in a significant drop in like-for-like revenue growth.…
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13 FebruaryNews
Today’s news in brief-13/2/24
Yodel has been rescued by rival company Shift, marking a significant development in the logistics sector. Yodel, acquired by YDLGP Limited, backed by Shift and other investors, is set to merge with Shift, known for successfully revitalising the Tuffnells brand. The merger aims to create a robust logistics platform catering…
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13 FebruaryHigh Street
Wet weather sees footfall slump 5.2%
Heavy rain and snow across some parts of the UK saw footfall drop 5.2% across all retail destinations when compared with the previous year, according to the latest data from MRI Springboard. Footfall declined 7.9% in high streets with many office workers choosing to work from home where possible, with…
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9 FebruaryHigh Street
EE opens new Gateshead store amid £6m investment
EE has announced the opening of its latest Experience store in Gateshead, the fourth of 10 planned openings. The announcement comes as EE commits to investing £6m in the British high street in the next 12 months. The company has launched new store formats including its flagship Studio store in…
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9 FebruaryHigh Street
Waterstones pre-tax profits plummet amid tech issue
Waterstones revealed that pre-tax profits fell to £11.2m in the year ending 29 April 2023 from £50.6m reported last year, as a technical issue led to a backlog of orders from bookshops. Waterstones has attributed its performance to a technical issue at its central distribution, following the introduction of a…
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5 FebruaryNews
The Lexicon to welcome three new leases
The Lexicon has announced a trio of high profile new lettings, after reporting rising footfall levels and increased consumer spending during 2023 across Bracknell town centre’s retail destination. Nationwide bar and cafes chain Lounges, known for its eclectic interior decoration and atmosphere, will occupy a 3,400 sq ft space. Meanwhile,…
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