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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Dec- 2023 -5 DecemberNews
Lounge opens pop-up at Liverpool One
Underwear brand Lounge has launched its Christmas pop-up store on Liverpool One’s South John Street that will run until December 23. The 4,000 sq ft store delivers a premium shopping experience showcasing the brand’s range of lingerie, loungewear, and nightwear. Championing its ‘Comfort Made Sexy’ tagline, the store offers fully…
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1 DecemberNews
Today’s news in brief- 1/11/23
Matthew Moulding, the founder of THG, has acquired a 3.2% stake in Kelso Group, a shareholder critical of THG’s business leadership. Moulding’s investment of approximately £300,000 comes amid Kelso’s consistent claims that THG is undervalued, advocating for the separation of its divisions. Kelso, launched in 2022, raised £3m to invest…
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1 DecemberHigh Street
Early signs of footfall recovery ahead of festive trading, BRC finds
The retail sector experienced early signs of footfall recovery in November as total UK footfall decreased by 0.7% in November(YoY), an improvement on -5.7% in October, according to the latest data from the BRC. High Street footfall decreased by 1.7%, an improvement on -4.6% in October, whereas Retail Parks again…
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Nov- 2023 -30 NovemberNews
EG Group EBITDA falls to $345m in Q3 following Asda acquisition
EG Group, the global food services and petrol forecourts operator, has revealed that its EBITDA dipped 18% to $345m (£272m) in Q3 2023. The group attributed the decline to the impact of lower fuel volumes and a competitive environment in the quarter, as well as comparisons with the exceptional fuel…
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28 NovemberEconomy
Falling inflation under threat in 2024, BRC warns
The British Retail Consortium (BRC) has warned that the current trend of falling inflation could be under threat in the New Year in the face of new headwinds such as rising business rates and new regulations. This comes despite Shop Price annual inflation having decelerated further to 4.3% in November,…
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27 NovemberNews
Footfall jumps 7.9% during Black Friday
Black Friday footfall jumped by 7.9% against the week previous across all UK retail destinations, providing retailers with a much needed boost during the Golden Quarter, according to the latest figures from MRI Software. Much of the uplift was driven by Black Friday itself, with destinations benefiting from increased footfall…
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24 NovemberFeatures
Better than forecasted: how is Black Friday 2023 doing?
According to last week’s release from MRI Software, Black Friday 2023 is going to be underwhelming for retailers compared to pre-pandemic levels. Does this still hold true? Can you expand further? At MRI Software what we predicted last week was that Black Friday would weaken compared with previous years and…
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24 NovemberShopping Centres
Julian Charles opens Castle Quarter store in Norwich
Bedroom furnishings retailer, Julian Charles, has signed a new five-year lease for the 1,800 sq ft unit at Norwich city centre destination, Castle Quarter. The new arrival further diversifies the offer at Castle Quarter, which in recent years has pivoted towards social, leisure and lifestyle to enrich its traditional retail…
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21 NovemberNews
Today’s news in brief-21/11/23
AO World has reported a significant turnaround in its financials for the six months ending September 30. The company posted a profit before tax of £13m, marking a notable improvement from the previous year’s loss of £12m. AO World has adjusted its profit guidance for the fiscal year, now anticipating…
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21 NovemberNews
Footfall improves ahead of Black Friday
Footfall edged up 0.4% in the week before Black Friday across all retail destinations, new data from MRI Software suggests. High streets recorded the strongest performance where footfall rose 1%. Shopping centres also witnessed a modest rise in footfall of 0.6%, however retail parks saw footfall decline by 1.3% from…
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