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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Apr- 2020 -6 AprilCoronavirus Featured Content
Coronavirus and the Retail Property Sector
Coronavirus continues to spread across the world and many countries have now established strict social distancing measures to halt its transmission. This includes government requirements in the UK that all non-essential businesses close their doors for the foreseeable future. While the effects of the virus can be felt in every…
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2 AprilNews
Frasers Group to cut bosses’ salary to £40k amid April pay pledge
Mike Ashley’s Frasers Group has reportedly reduced the salary of its executive team to £40,000 and has pledged to pay all his staff up until the end of April. According to The Times, the executive team has taken a voluntary pay cut in a “show of support towards securing the…
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Mar- 2020 -30 MarchAdvice
Covid 19: The future health of the high street
The health of the high street is up for debate now more than ever. If retailers were struggling before coronavirus set its sights on our shores, following last week’s forced government closure of non-essential brick & mortar stores throughout the UK, it’s likely that many will have pulled down their…
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26 MarchCoronavirus
Intu receives only third of rent
Intu revealed that it has received only 29% of its second quarter rent that was due from tenants on 25 March. For the same period last year, it had received 77% on the quarter day, and the group is now in discussions with its customers regarding the outstanding rents. In…
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24 MarchCoronavirus
Drop in footfall three times higher than worst recorded, says Springboard
Springboard has revealed that the annual change in footfall last week represented an “unprecedented decline” that was three times greater than the worst previously recorded. The retail intelligence company said that we are starting to see the “true impact” of coronavirus on consumer activity. It added the result for the…
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23 MarchDepartment Stores
John Lewis stores to close for first time in 155 years
John Lewis Partnership has announced the temporary closure of all John Lewis stores in light of the coronavirus pandemic. All 50 sites will cease trading today (Monday 23 March), after the “difficult decision” was confirmed by its board. It marks the first time in the group’s 155-year history that its…
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20 MarchHigh Street
Frasers Group issues profit warning and drops FY20 guidance amid Covid-19
Mike Ashley’s Frasers Group has issued a profit warning after revealing its board expects Covid-19 to cause a “significant disruption” to its business. The retailer said the impact, including customer footfall, will likely mean the group “will not achieve” its previous guidance of 5-15% EBITDA growth for the year ending…
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19 MarchAnalysis
Huge increase in online sales across Italy offers hope for struggling retailers in the UK and Ireland
Global financial markets continue to suffer from the impact of coronavirus, with economists predicting the slowest rate of global growth since 2009. However, the current lockdown taking place in Italy has actually instigated a significant boom in e-commerce sales. With people quarantined at home, and schools, universities, theatres, cinemas, museums,…
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18 MarchHigh Street
2,000 Mountain Warehouse jobs at risk as coronavirus impacts sales
Mountain Warehouse is considering cutting almost 2,000 jobs following a major slump in sales as a result of the coronavirus pandemic. According to the Guardian, the outdoor clothing and equipment retailer’s CEO and founder, Mark Neale, said the company was in a “battle for survival” after footfall at its stores…
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18 MarchClothing & Shoes
Superdry to miss 2020 targets amid coronavirus outbreak
Embattled clothing retailer Superdry has said it expects its online sales to decline and to miss its 2020 targets amid “unpredictable challenges” caused by the coronavirus outbreak. Superdry reported a 25% decrease in footfall week-on-week despite stores in the UK and the US “remaining largely open”. Prior to the outbreak…
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