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- 2020 -25 AugustHigh Street
UK footfall accelerates fourfold
Footfall in UK retail destinations rose by 4.1% last week against the week before, marking a “significant” acceleration in the prior week’s rise of 0.8%, and 1.8% rise in the same week last year. According to the latest data from Springboard, this was largely driven by rises in footfall of…
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18 AugustComment
How retailers can tap into the growing power of influencers
Retailers across the globe have been pulling advertising from Facebook (and Instagram) . The social media platform is under heavy criticism for its failure to tackle hate speech. Retailers have taken a stand – along with about 1,000 other brands and agencies – in protest and have withdrawn from advertising.…
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14 AugustHigh Street
River Island set to axe 350 jobs
River Island is reportedly set to axe almost 350 store management and sales roles as it continues to weather the coronavirus pandemic. According to an internal memo sent to staff, which was seen by Drapers, CEO Will Kernan said: “We are now in the process of restructuring our retail teams…
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14 AugustClothing & Shoes
New Look to secure £40m of funding
New Look has agreed a deal with its creditors to secure an additional £40m of funding to help ride out the covid-19 pandemic. Under the terms, New Look said it will have funding to provide a sustainable platform for post-Covid trading and enable the group to invest in, and deliver,…
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10 AugustHigh Street
WH Smith seeks rent cuts
WH Smith is reportedly seeking rent cuts from its landlords as it looks to cut costs. According to The Sunday Times, the retailer has drafted in advisers Gerald Eve to negotiate with landlords across its portfolio of over 1,000 UK stores located on the high street and at travel hubs. …
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7 AugustCoronavirus
Poor July sales rock high street recovery
Poor in-store sales through the month of July have “dampened hopes of a recovery” across UK high streets, according to the latest High Street Sales Tracker from BDO. In-store like-for-like sales decreased by 39.4% last month, down from a marginal base of 0.1% that was reported the year before. According…
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6 AugustShopping Centres
Hammerson seeks £825m to ride pandemic
Shopping centre owner Hammerson has announced it plans to raise £825m through fundraising and disposals as it looks to survive the impact of the coronavirus pandemic. The announcement comes as Hammerson reported that net rental income dropped by 44% to £87.3m during the first half of the year. For the…
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6 AugustCoronavirus
July footfall bolstered by hospitality reopening
Footfall in retail destinations across the UK was down by 39.4% in July, according to the latest figures from Springboard. Nonetheless, this marked an improvement of nearly a fifth from June, with the month ending with the best result recorded since February. Footfall was reportedly boosted by the reopening of…
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5 AugustHigh Street
WH Smith to axe 1,500 roles
WH Smith has launched a collective consultation that could see around 1,500 roles across the business axed in a bid to restructure the business. It comes as the group said it expects to deliver a full-year loss of between £70m and £75m following impacted sales. The retailer said that the…
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5 AugustCoronavirus
River Island considering CVA as Covid-19 hits sales
Fashion retailer River Island is reportedly considering a CVA proposal as it attempts to weather the coronavirus pandemic. According to Retail Week, River Island is considering launching a CVA proposal or another form of administration in order to reduce rents or close some of its stores that have seen lower…
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