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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Jul- 2020 -16 JulyComment
Intu the unknown: The future of the shopping centre
Saddled with unsustainable levels of debt and lacking rental income over the past two quarters due to Covid-19 restrictions, Intu finally announced its move into administration earlier this month. The shopping centre giant’s collapse left thousands of shops and livelihoods on the line and it represented a pivotal moment for…
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13 JulyCoronavirus
Footfall suffers despite June reopening
Footfall in June saw a “significant improvement” against the 73.3% decline reported in May, but was still less than half the level of last year, with an annual decline of 56.6%. According to the latest figures from Springboard, footfall fell by 65.1% in high streets and 62.3% in shopping centres,…
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10 JulyCoronavirus
Footfall decline eases amid ‘sluggish’ recovery
Footfall across the UK rose by 19% in June against the month prior, but was still down by 62.6% year-on-year, according to the latest figures from the BRC. In the first two weeks of the month, footfall decline averaged 77.1%, but this improved to 53.3% in the remaining three weeks…
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9 JulyCoronavirus
Frasers Group to stop rent payments until it can ‘freely trade’
Mike Ashley’s Frasers Group has reportedly told landlords that it will withhold rent payments until it is “fully able to freely trade as a business”. According to a letter seen by Estates Gazette, the Sports Direct owner said although it is willing to enter negotiations with landlords but said that…
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7 JulyClothing & Shoes
JD Sport welcomes ‘record’ results
JD Sport has welcomed “record” annual figures as it reported a 30% increase in revenue for the full-year period ended 1 February 2020. The retailer recorded revenues of £6.1bn, up from £4.7bn the year prior. It also reported “strong” total like-for-like sales growth of 12% in its global sports fashion…
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3 JulyFeatures
Reducing returns abuse without sacrificing customer experience
For merchants, delivering a great customer experience has always been high on their list of priorities. It’s essential for fostering customer loyalty, and increasing top-line revenue. A significant aspect of customer experience is how a merchant handles returns, as this can mean increased flexibility and convenience for consumers. Recent Forter…
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3 JulyNews
Landsec welcomes ‘encouraging’ return of footfall
Landsec has announced that its shopping centres, outlets and retail parks have welcomed “encouraging” levels of footfall since their reopening last month. The retail property giant said that as of 30 June, 79% of its retail units were once again trading. Since non-essential retail opened on 15 June in England,…
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2 JulyClothing & Shoes
Primark welcomes ‘encouraging’ trade after sales slump
Primark sales plunged by 75% to £582m in its third quarter of trading, while its year-to-date sales fell by 27% to £4.3bn. Its parent company, Associated British Foods (ABF), now estimates that its adjusted operating profit will fall between £300m and 350m for the full year, compared to the £913m…
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Jun- 2020 -30 JuneCoronavirus
Reopening is ‘no magic bullet’ for retail, says BRC
Reopening is “no magic bullet” for retail, the British Retail Consortium has warned despite UK footfall improving since lockdown restrictions were lifted earlier this month. The BRC’s footfall tracker found that UK footfall decreased 53.4% year-on-year during the second week of reopening in England and NI. This is compared to…
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26 JunePeople Moves
Card Factory CEO announces departure
Card Factory has announced the departure of CEO, Karen Hubbard, after four years in the role. During her time as CEO, Hubbard supported the transition of Card Factory from a recently listed company to an established plc. Prior to joining the card retailer, Hubbard held senior positions at B&M Retail,…
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