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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Aug- 2023 -30 AugustHigh Street
Bank holiday boosts footfall by 10.5% on Sunday
Footfall on Sunday (27 August) was +10.5% higher than the week before, rising in all three destination types; by +9% in high streets, by +9.8% in retail parks and by +14.2% in shopping centres thanks to bank holiday Monday. According to the latest data from MRI Springboard, whilst footfall rose…
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30 AugustClothing & Shoes
Superdry shares suspended amid results delay
Fashion retailer Superdry has had its shares temporarily suspended by the Financial Conduct Authority (FCA) after delaying the publishing of its full-year results. The company stated that its results were not ready and therefore requested that trading of its Ordinary Shares be suspended. Superdry expects that its shares will return…
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22 AugustShopping Centres
Westfield sees global brands increase store footprint at UK centres
Unibail-Rodamco-Westfield (URW) has revealed continued growth in store upsizes at its UK centres, as brands increased their focus on creating “innovative store experiences”. Building on a trend established in 2022 at Westfield London and Westfield Stratford City, URW said both centres have seen a surge in demand from retailers seeking…
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18 AugustEconomy
Poor weather drags down retail sales 1.2% in July
Retail sales volumes are estimated to have fallen by 1.2% in July 2023 following a rise of 0.6% in June 2023 as poor weather is thought to have deterred shoppers, according to the latest figures from the Office for National Statistics (ONS). Food stores sales volumes fell by 2.6% in…
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15 AugustSupermarkets
Supermarket sales slow as inflation falls
Overall take-home grocery sales increased by 6.5% in the four weeks to 6 August 2023, down from 10.4% last month, as grocery price inflation fell by 2.2 percentage points to 12.7%, according to the latest results from Kantar. Kantar revealed that the prices of some staples like milk have edged…
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15 AugustHigh Street
Summer holidays sees high street footfall up 4.8%
Footfall across all UK retail destinations increased by 0.7%, driven by high streets where footfall rose by +4.8% from the week before, according to the latest data from MRI Springboard. The rise has been credited to the school summer holidays with coastal towns also seeing a 2.3% increase. In contrast,…
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14 AugustHigh Street
Tourist tax hits London spending despite rise in visitors
Despite tourist numbers continuing to recover in 2023, the spending gap has widened compared to pre-pandemic levels, according to new research from the New West End Company. The company said the data shows a situation that is “worsening quarter-on-quarter”, as awareness spreads on Britain’s tourist tax. It found that flight…
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10 AugustAnalysis
Greggs’ recipe for success
By May 2023, Greggs’ sales had shot up by nearly a fifth compared with the same time in 2022, as its offering of sausage rolls and pasties remained “compelling” to customers during the cost-of-living crisis. In the spring of this year, the country-wide chain of bakeries also revealed that hot…
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4 AugustEconomy
Retail sector accounted for 16% of UK administrations in 2023, study finds
The retail sector accounted for 16% of administrations in the first six months of 2023 – the highest industry in the UK, according to analysis by full-service law firm Shakespeare Martineau. A total of 759 businesses, 118 of which came from the retail sector, filed for administration between 1 January…
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3 AugustHigh Street
July footfall drops for the first time since 2009
Footfall across UK retail destinations declined by -0.3% over the month from June to July 2023, marking the first time it dropped in the month since 2009. According to the latest data from Springboard, there was a month on month decrease in footfall in high streets of -1.7%, whilst in…
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