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 -15 MarchShopping Centres
St Johns Shopping Centre store sales spike 32% in February
St Johns Shopping Centre in Liverpool has reported that store sales rose by 32% in February, compared with the previous year. According to management at the shopping centre, it has outperformed national and regional footfall trends, as total footfall rose 5.3% last month – ahead of the national average of…
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13 MarchClothing & Shoes
Zara owner profits surge by 28% in FY23
Zara owner Inditex has welcomed a “very robust” FY23 performance, as profit-before-tax surged 28.2% to €6.9bn (£5.9bn) while sales rose by 10.4% to €35.9bn (£30.7bn).Gross profits rose by 11.9% to €20.8bn (£17.8bn), and EBITDA increased 13.9% to €9.9bn (£8.5bn) as the group reported strong results both in stores and online. …
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11 MarchNews
UK footfall bounces back by 6.6% due to Mother’s Day weekend
MRI Software announced that the lead up to Mother’s Day and the peak Easter trading period significantly boosted week-on-week footfall across all UK retail destinations as footfall climbed by 6.6%. High streets led the charge with activity rising by 7.9% while shopping centres and retail parks also witnessed rises in…
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7 MarchClothing & Shoes
Charity Super.Mkt to open debut outlet store at Gloucester Quays
Charity Super.Mkt, the UK’s first-ever multi-charity shop, is set to open its next pop-up at urban outlet Gloucester Quays. The 4,000 sq ft store will launch at the outlet on 14 March, introducing its ‘second-hand department store’ concept to an entrance off High Orchard Street. Charity Super.Mkt will bring together…
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1 MarchNews
The O2 delivers ‘strongest start’ of the year with 25% sales increase
The Entertainment District and Outlet Shopping at The O2 have experienced their “strongest start” to a trading year with a 25% increase in sales compared to 2023. The O2 has welcomed over 1.5 million visitors from 1 January to 25 February, marking a 46% increase compared to the same period…
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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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