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.
-
Apr- 2018 -27 AprilAdvice
Top 3 reasons retailers might struggle to maintain footfall
In today’s competitive retail environment, driving footfall remains the bedrock of any successful brick-and-mortar store. With more big names announcing store closures since Christmas, getting shoppers through the door and ensuring that a visit converts into a sale has never been more important. What are the top turn offs for…
Read More » -
23 AprilOnline & Digital
Record online retail sales growth in March
Online UK retail sales grew by 18.9% year-on-year (YoY) in March, as the high street reported the steepest year-on-year drop in footfall since 2010. Weekly analysis revealed growth doubled to 27% in the final week over Easter, increasing from 13% the previous week. Both clothing, and beer, wine and spirits…
Read More » -
18 AprilOnline & Digital
Retailers miss out on £18k a year through ‘surf and turf’ shopping trend
New research by Barclaycard has revealed that UK shoppers each abandon an online basket worth an average of £29.37 every month. Furthermore, many vendors are missing out on the data or insights they need to tackle the online conversion challenge. The study found shoppers are more fickle when buying online…
Read More » -
17 AprilShopping Centres
Intu reveals ‘record retailer demand’
Shopping centre giant Intu has reported a record level of retailer demand in the first quarter of 2018. Some 60 long term leases have been signed (43 in the UK and 17 in Spain) for £10m of annual rent, 5% above previous passing rent. David Fischel, Intu CEO, said: “Our…
Read More » -
16 AprilHigh Street
March retail footfall sees steepest decline in eight years
Footfall in March decreased by 6%, compared with the positive rate of 1.3% seen in March 2017. There was no growth in footfall for any UK regions, and the most notable declines (year-on-year) were seen in Greater London, -7.5%, the South East, -6.5%, and in the East Midlands, -5.6%. Growth…
Read More » -
10 AprilHigh Street
Card Factory posts £14.6m drop in full-year profits
Card Factory has posted a £14.6m drop in its full-year profits which it has attributed to the weak pound and soaring wage costs. Pre-tax profits for the fiscal year ending January 31 were £72.6m, down 12.3% on the previous year. This is despite the card and gift retailer’s revenues increasing…
Read More » -
5 AprilShopping Centres
Hammerson delays Intu takeover amid Klépierre approach
Hammerson has delayed it acquisition of British rival Intu while the intentions of French shopping centre giant Klépierre “remain unclear”. In a trading update for Hammerson’s first quarter ending 31 March 2018, it said it does not intend to finalise shareholder documents in relation to the takeover of Intu while…
Read More » -
Mar- 2018 -28 MarchOnline & Digital
Online retail orders on the up
Online retail delivery order volumes were up 7% year-on-year in February, according to the latest data from the IMRG MetaPack UK Delivery Index. The month-on-month drop from January in terms of volume was expected, though the 21% decline was sharper than it has been over recent years. This sharp drop…
Read More » -
27 MarchHigh Street
Select seeks CVA putting 2,000 jobs at risk
Genus UK, the parent company of fashion retailer Select, is seeking a Company Voluntary Arrangement (CVA) that would allow it to slash rents in its 183 stores. While the group said it currently has no plans to close any stores, the CVA proposal includes an option for landlords to “take…
Read More » -
21 MarchHigh Street
Moss Bros shares plummet amid profit warning
Moss Bros has seen its shares plummet as much as 30% as it warned its full year profits would come in below expectations – the second such warning this year. At the time of writing the company has seen its shares recover slightly at a 22% decrease. The suit retailer…
Read More »
