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.
-
Oct- 2020 -9 OctoberProperty
British Land welcomes ‘encouraging’ rent collections in latest quarter
British Land has welcomed “encouraging” rent collection since lockdown, with 69% of rent collections received on its September quarter day. The rent collected comprises 91% of office rent and 50% of retail rent, compared to the collection rate of 36% for retail reported in the week after the June quarter…
Read More » -
8 OctoberCoronavirus
New Covid-19 restrictions hit city-centre hospitality hardest
The impact of schools starting and government Covid-19 restrictions hit city centre hospitality and retail the hardest, a study has found. According to Springboard, a retail and hospitality research company, footfall rebounded in September having dropped by 28.2% in August. The recent slump in footfall is a consequence of the…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »
