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- 2020 -6 OctoberHigh Street
Curfew and poor weather leads to second week of footfall decline
Overall, retail footfall across all destinations is 31.4% lower than last year Footfall has declined by 3.5% in the latest figures, and is attributed to both the 10pm curfew and heavy rainfall. According to retail experts Springboard, excessive rain from Wednesday onwards hit shopping patterns. Sunday and Tuesday…
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6 OctoberLuxury Goods
Watches of Switzerland raises guidance as sales surge
Watches of Switzerland has announced that revenue for the first 10 weeks of Q2 has been “stronger than expected” at £202.7m, up 20.2% in constant currency and 18.3% in reported terms against the prior year. The group also reported sales to date of £145.1m, up by 12.6% against the prior…
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5 OctoberClothing & Shoes
Mulberry swings to full-year loss
Mulberry has announced that group revenue fell by 10% to £149.3m in the full-year ended 28 March 2020, in light of a “challenging” UK market and the impact of the pandemic towards the end of the financial period. The group also swung to a pre-tax loss of £14.2m, down from…
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Sep- 2020 -29 SeptemberHigh Street
New restrictions see high street footfall drop 6.6%
The government’s new restrictions seemingly took its toll on the high street last week with high street footfall falling by 6.8%, according to the latest figures from Springboard. The new data also shows that footfall across all UK retail destinations declined by -3% last week from the week before, driven…
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23 SeptemberClothing & Shoes
Joules welcomes ‘encouraging’ performance despite lower sales
Joules has announced that revenue performance was “ahead of expectations” at £39.6m in the 13 weeks ended 30 August 2020. Overall group revenue was down by 18% in the period, however, reflecting the impact of store closures, as well as the disruption seen across its wholesale business. While retail revenue…
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22 SeptemberHigh Street
Footfall rises despite ‘rule of six’
Footfall across all retail destinations in the UK rose by 2.4% over the last week, despite the government’s new ‘rule of six’ social distancing measure, according to data from analytics company Springboard. High street retailers saw a footfall increase of 5.2%, while shopping centres and retail parks saw a decrease…
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21 SeptemberCoronavirus
Government launches £95m recovery fund for high street
A new £95m government-funded scheme will support 68 “historic” high streets in England to recover from “declining footfall” and the impact of the pandemic. The initiative, High Streets Heritage Action Zone (HSHAZ), will work with local authorities to convert disused buildings into new shops, workplaces and community spaces. HSHAZ will…
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21 SeptemberComment
The window of opportunity for pop-ups
The Coronavirus pandemic and subsequent events of this year have exacerbated the ongoing decline of the British high street, with footfall falling by 81% in April and 48% in July, according to the British Retail Consortium. From John Lewis to Carphone Warehouse to House of Fraser, it seems that no…
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18 SeptemberShopping Centres
Westfield owner announces £8.1bn ‘reset’ plan
Westfield owner Unibail-Rodamco Westfield (URW) has announced an €9bn (£8.1bn) ‘reset’ plan which will see it attempt to raise £3.2bn in capital and make a number of European disposals. Along with capital raising URW said it will be limiting cash dividends through scrip and/or a lower payout ratio, resulting in…
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18 SeptemberCoronavirus
Mayor of London urges government to extend business rates holiday
The mayor of London, Sadiq Khan, and London Councils have joined together to urge the Government to extend the business rates holiday and help protect thousands of jobs in London and across the country. Businesses in the retail, hospitality, leisure and childcare sectors are currently benefiting from 100% relief from…
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