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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Feb- 2024 -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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1 FebruaryNews
Today’s news in brief-1/2/24
Lloyds Pharmacy, now known as Diamond DCO Two Limited, entered voluntary liquidation, owing £293m to 514 creditors. The liquidation process will be handled by Martin Armstrong and Andrew Bailey of Turpin Barker Armstrong Accountants. The majority of the debt is owed to current and former owners, including Diamond DCO One,…
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1 FebruaryNews
Angel Central sales jump 16% in 2023
Islington destination Angel Central finished 2023 on a high, reporting a sales increase of 16% compared with 2022. The destination also had an increase in footfall of 6.4% compared to the national average of 2.9%, and transactions rose by 4%. The success comes as OFFICE, the fashion footwear specialist, recently…
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1 FebruaryNews
UK footfall falls 20.1% in January
Footfall across UK retail destinations in January has followed the traditional post-Christmas dip with activity declining by 20.1% from December 2023. Historically, this decline in footfall has averaged 22.6% in January from 2009 – which is when MRI Software first started publishing its footfall benchmarks – to 2020, therefore this…
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Jan- 2024 -26 JanuaryNews
Today’s news in brief-26/1/24
Superdry reported a challenging trading environment with half-year revenues down 23.5% to £219.8m. The wholesale division faced a significant decline of 41.1%, while the retail segment, though more resilient, was down 13.1%. Store revenue in the UK and Republic of Ireland saw a 10.2% decline due to unseasonal weather impacting…
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26 JanuaryNews
Rituals opens at two new locations
Luxury beauty and wellbeing brand Rituals has officially opened at Festival Place in Basingstoke, and Merry Hill in the West Midlands. The Dutch retailer offers a collection of body care, home fragrance, and skin care products, home items, and gift sets, to a range of luxurious bath and body products. …
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