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 -28 AprilCoronavirus
Marks and Spencer suspends dividends, secures funding
Marks and Spencer has announced it will not pay a dividend for the 2020/21 financial year in its latest effort to “maximise its liquidity”. It expects the move to produce a cash saving of around £210m. The retailer revealed it has also reached an agreement with its lending banks to…
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21 AprilClothing & Shoes
Clothing and footwear market forecast to decline by £14bn
The UK clothing and footwear is anticipated to plummet in 2020, falling 26.1% versus 2019, a loss of around £14bn according to data analytics company GlobalData. The firm predicts that with clothing stores expected to gradually reopen in June, footfall will remain low as consumers will be “cautious” about visiting…
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20 AprilCoronavirus
UK retail footfall plummets in March
UK retail footfall decreased by 44.7% in March due to the mandatory lockdown, according to the latest BRC-ShopperTrak footfall monitor. The report said the figure is a record decline for the industry that saw “unprecedented challenges” during the month as the UK continues to battle the Covid-19 pandemic. In the…
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15 AprilCoronavirus
Retail footfall freefalls 83% over Easter weekend
Footfall across UK retail bricks-and-mortar destinations was 83.1% lower than Easter weekend last year and 14.5% lower than over the same four days in the previous week, according to the latest data from Springboard. The data and intelligence group said that the findings show the public adhered to government lockdown…
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7 AprilCoronavirus
Footfall nosedives by 81%
Footfall across bricks and mortar retail destinations declined by 75.1% in the week beginning 22 March, according to the latest data from retail intelligence experts Springboard. Their findings also found that footfall plummeted by 81.4% last week, suggesting the government-enforced lockdown is working. Whilst footfall continued to decline annually, the…
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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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