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 -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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4 AugustHigh Street
Mandatory face coverings sparks ‘modest’ uplift in footfall
Footfall across all UK retail destinations saw a “modest” uplift last week, with footfall up by 2.8% against the week prior. According to Springboard, this may have been boosted by the mandatory use of face coverings in shops, after footfall was up by 4.4% the weekend the rule was introduced. …
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3 AugustCoronavirus
Hammerson taps investors for cash
Hammerson has confirmed that it is holding advanced discussions regarding a possible disposal of a stake in a European arm of its business, after suffering from unpaid rents amid the coronavirus crisis. The shopping centre landlord is now looking to sell a 50% stake in VIA Outlets to joint venture…
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Jul- 2020 -31 JulyTips
What to know about business interruption insurance claim
With the current healthcare pandemic affecting all retail businesses across the UK, it’s clear that times like these are especially challenging for those looking to bounce back. As footfall rates continue to drop and hit all-time-lows, most businesses are now amid a critical period outlined with more challenges. Despite the…
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30 JulyHigh Street
Waterstones set to axe HQ roles
Waterstones is reportedly set to make a number of redundancies at its Piccadilly-based head office. According to the Bookseller, the group said it was “currently in consultation” with those affected by the cuts, but declined to confirm the number of jobs at risk. In addition, a spokesperson confirmed the group…
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28 JulyCoronavirus Featured Content
Automation: How it helps retailers cut costs and remain agile
Retail operations are more expensive to run in a post-Covid world due to the extra demands of cleaning throughout the day and managing access to achieve the maximum occupation numbers. And on top of all of all of this, lower footfall and sales than usual. As the old saying goes,…
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28 JulyHigh Street
Card Factory performance ‘exceeds’ expectations
Card Factory’s performance has “exceeded” initial expectations since the reopening of its estate, with like-for-like sales down only 21.6%, against its anticipated reduction of 50% in the first month of reopening. Despite a decline in in-store transactions, the average spend has increased by 24.9% since lockdown. According to the group,…
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22 JulyHigh Street
Covent Garden owner offers rent relief for embattled tenants
The owner of Covent Garden, Capital and Counties (Capco), has offered to support its tenants through restructured lease agreements. Capco said that for certain tenants which are experiencing short-term cash flow issues, rental agreements will be linked to turnover for the second half of the year in exchange for other…
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22 JulyCoronavirus
Turn high streets into housing hubs, says think-tank
High street units left unoccupied in the wake of the pandemic should be converted into “hundreds of thousands” of new homes, a think-tank has argued. According to the Social Market Foundation, the collapse of traditional high street shopping is “inevitable”, and the government must now “focus less on slowing that…
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