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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Oct- 2023 -16 OctoberNews
Covent Garden welcomes 16 new retail brands in six months
Shaftesbury Capital has signed 16 new retail brands across its Covent Garden estate in the last six months, cementing the area as one of central London’s leading retail destinations. Recently HOKA, the running shoes and apparel brand, and Balibaris, the international menswear label, opened their first ever retail location in…
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11 OctoberNews
Today’s news in brief-11/10/23
Travis Perkins has revised down its full-year earnings forecast due to challenging market conditions and a significant slowdown in new build housing and domestic renovations and maintenance (RMI) activity in Q3. Group revenues fell by 1.8% in the quarter, with like-for-like sales also down by 1.8%. Pricing declined by 3.1%,…
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11 OctoberDepartment Stores
Selfridges losses narrow as consumers return to department stores
Selfridges has revealed that losses at the company have narrowed for the year ended 28 January 2023 to £38.3m, down from £83.9m the previous year, as consumers made more trips to the department stores. As a result, the company, which operates four stores in the UK and an online store,…
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6 OctoberNews
UK footfall decreases 2.9% in September, BRC says
Total UK footfall decreased by 2.9% in September (YoY), down from -1.6% in August, according to new data from the BRC. High street footfall decreased by 1.7% in September, down from -0.9% in August, meanwhile retail parks footfall decreased by 2.4%, remaining the same in August. Shopping centre footfall decreased…
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3 OctoberNews
Today’s news in brief-3/10/23
Next announced the retirement of its CFO, Amanda James, after 28 years of service. This transition is aligned with James’ long-standing plans and is set for September 26 2024, following the release of interim results. Jonathan Blanchard of Reiss is slated to succeed her, bringing over three decades of financial…
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3 OctoberEconomy
Sustainable retail could boost local economies by £100m, Landsec finds
Brands in a sustainable retail destination could see revenues increase by up to 13% over the next 10 years, leading to a potential boost of up to £100m for local economies, Landsec research has found. According to the research, this would come from overall footfall for such destinations could see…
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3 OctoberNews
Footfall forecast to drop in run-up to Christmas
Christmas for retailers and the hospitality industry will be challenging due to rising bills that will have started to bite since September, the retail intelligence experts at MRI Software, formerly Springboard, are forecasting. It found that this year, footfall across all UK retail destinations will decline on a month-to-month basis,…
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Sep- 2023 -22 SeptemberNews
Retail sales recover in August, says ONS
Retail sales have risen 0.4% in August compared to a slight fall of 1.1% in July, according to new data from the Office for National Statistics (ONS). When compared with their pre-covid level in February 2020, total retail sales were 17.3% higher in value terms, but volumes were 1.5% lower.…
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8 SeptemberClothing & Shoes
Ann Summers plans expansion amid strong FY results
Ann Summers has seen its turnover rise by 7.4% to £100.1m in the year ended 25 June 2022, with plans to open more stores following the strong full-year results. In its latest Companies House filings, the group also reported that sales were up by 7.6% against the prior year, and…
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4 SeptemberNews
Reiss opens new location at centre:mk
Reiss, the premium international fashion brand, has opened its brand-new store and key regional site in centre:mk, one of the UK’s top ten retail and leisure destinations. The 1,884 sq. ft. store, situated on centre:mk’s premium Silbury Arcade, features Reiss’ attainable-luxury collection of modern menswear, womenswear, accessories, and childrenswear. Fitted…
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