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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Mar- 2023 -16 MarchEconomy
Retailers welcome budget but ‘missed opportunity’ for rates reform
Retail has welcomed the support for households in the face of the cost of living crisis in the chancellor’s Spring Budget but some have criticised it as a “missed opportunity” for business rates reform. Headline measures announced by the chancellor included an increase in corporation tax to 25% for businesses…
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16 MarchClothing & Shoes
Strikes cause 11.1% decrease in retail footfall, reports Springboard
Footfall declined 11% yesterday as a result of the UK-wide strike action, according to a new report by MRI Springboard. Springboard said that this decline is even “more significant” than usual as it comes on the back of reduced footfall last Wednesday (8 March 2023), when customer activity declined by…
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15 MarchShopping Centres
Liverpool One hails sales performance
Grosvenor has revealed that Liverpool One has “bucked national trends” since the start of 2023, with a 16.5% uplift in sales compared with the same period in 2022. The year-on-year rise outperforms the national picture, with an average increase of 5.2% in sales being recorded across the country according to…
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14 MarchHigh Street
Severe weather sees footfall drop 7%
Footfall across UK retail destinations declined by -7% last week due to “severe” weather conditions, a far greater decline than in the week before last when footfall had dropped by a modest -1.1%, according to the latest figures from Springboard. Springboard revealed that high streets were by far the hardest…
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9 MarchShopping Centres
Hammerson earnings surge 60% amid rental income boost
Shopping centre owner Hammerson has revealed that its FY22 adjusted earnings increased 60% to £105m, boosted by a positive income rental performance. It confirmed that its net rental income increased 29% as it said “occupiers pivot to best-in-class destinations”. This comes despite group portfolio value falling 5% to £5.1bn (2021…
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8 MarchHigh Street
TK Maxx eyes further London expansion
TK Maxx is reportedly looking to expand its presence in London, the Evening Standard has reported. As the capital continues to bounce back from Covid restrictions and with the recent ONS analysis regarding a boost in footfall levels, TK Maxx is reportedly among the companies keen to open more shops…
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7 MarchFeatures
History of Subway: how a small sandwich shop became worth $10bn
Subway is a well known sandwich shop that sells subs. It’s a staple of most British high streets and at one point was the most ubiquitous fast food store in the world with even more sites than McDonalds. However, in recent weeks reports have emerged that the owners Doctor’s Associates…
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2 MarchHigh Street
Footfall falls by 5.3% following half-term boost
Footfall across UK retail destinations declined by -5.3% last week from the week before when it surged +7.6% thanks to school half-term. Over the three days from Monday to Wednesday footfall declined by an average of -12.6% in response to an average rise of +16.8% over the same three days…
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1 MarchFeatures
What tenants need to know as Covid rent arrears support ends
The Government’s support for commercial tenants with rent arrears from the pandemic has ended, giving landlords the opportunity to take action for non-payment of rents. Fuelled by the cost-of-business crisis, the financial situation for businesses and tenants is more precarious than ever, making it vital to prepare for a potential…
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Feb- 2023 -27 FebruaryClothing & Shoes
Primark owner raises guidance after better than expected trading
Primark owner Associated British Foods (ABF) has announced that it is raising its full-year guidance after Primark traded unexpectedly well. The company stated that its adjusted operating profit and adjusted earnings per share were now expected to be broadly in line with the previous financial year. Total sales at Primark…
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