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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Jan- 2024 -26 JanuaryClothing & Shoes
Superdry reports ‘challenging’ trading amid new CFO announcement
Superdry has revealed its half-year revenues are down 23.5% to £219.8m due to a “challenging” consumer retail market as it also announces the appointment of a new CFO. The wholesale division is down 41.1%, meanwhile the retail segment proved “more robust” in the first half but has also underperformed expectations…
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25 JanuaryNews
Today’s news in brief-25/1/24
Halfords reported that its Q3 total revenues were up 1.6%, with a 2.0% increase on a like-for-like basis. However, December sales were weaker than expected due to mild and wet weather impacting demand for winter products and footfall in stores. While October and November showed strong sales, the weaker December…
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25 JanuarySport & Leisure
Halfords maintains FY guidance despite weak December sales
Halfords has maintained its full-year guidance despite December sales being “much weaker” than expected. In its third quarter, total revenues were up by 1.6%, and 2.0% on a like-for-like basis. According to the group, stronger sales in Motoring and needs-based categories were partly offset by weaker spend in discretionary areas…
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24 JanuaryShopping Centres
Manchester Arndale to secure more leasing transactions in 2024
Manchester Arndale shopping centre is set to add to its retail, leisure and eatery line-up this year, following a successful 2023 that saw footfall grow by 6.3%. During the past 12 months, joint asset managers M&G Real Estate and Global Mutual secured over 106,042 sq ft of leasing transactions which…
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23 JanuaryNews
Today’s news in brief-23/1/24
Boohoo has changed its leadership as Shaun McCabe has stepped down as CFO, and Stephen Morana has been appointed as the new CFO. Morana, known for his ecommerce expertise, will assume the role on 19 February 2024. Boohoo highlighted Morana’s experience, including leading businesses through IPOs and creating significant shareholder…
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23 JanuaryNews
Merry Hill signs 65 new leases in 2023
Retail and leisure destination Merry Hill has completed 65 leasing deals covering more than 330,000 sq ft in 2023. The destination also increased its sales – 2023 exceeding 2022 by 7%, and December up 6.5% year-on-year – while footfall rose by 9.4% in the 12 month period. In total, the…
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23 JanuaryHigh Street
Storm Isha dampens early week footfall
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…
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19 JanuaryNews
Today’s news in brief-19/1/24
In December 2023, the Office for National Statistics (ONS) reported a significant 3.2% drop in retail sales volumes in the UK. This decline marked the most substantial monthly decrease since January 2021, following a modest 1.4% increase in November 2023. On an annual basis, sales volumes in 2023 fell by…
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19 JanuaryDIY
DFS downgrades sales guidance for FY24
DFS has downgraded its sales guidance for the year, after reporting that gross sales dropped 5.6% year-on-year during the 26 weeks ended 24 December 2023. The sofa retailer has attributed its muted performance to “the record hot weather in September and early October when footfall and demand proved to be…
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19 JanuaryNews
Retail sales drop 3.2% in December, ONS says
Retail sales volumes are estimated to have fallen by 3.2% in December 2023, from a rise of 1.4% in November 2023, the ONS has revealed. December’s decrease was the largest monthly fall since January 2021, when Covid-19 restrictions affected sales. Looking at the quarterly picture, sales volumes fell by 0.9%…
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