THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Retail footfall down 4.6% in January

Retail footfall was down 4.6% in January as the snow in the second half of the month deterred shoppers from visiting high streets, shopping centres and out-of-town retail parks.

GENERAL MERCHANDISE

Retail footfall down 4.6% in January

Retail footfall was down 4.6% in January as the snow in the second half of the month deterred shoppers from visiting high streets, shopping centres and out-of-town retail parks.

This is the weakest footfall figure since April 2012 when shopper numbers declined by 6.9%.

Figures from the British Retail Consortium/Springboard Footfall and Vacancies Monitor reveal that out-of-town locations saw the greatest percentage fall in numbers in the month at 7.2%, followed by shopping centres at 5.2% and high streets at 3.3%.

Helen Dickinson, BRC director general, said: "This steep drop in footfall is obviously a cause for concern but, as our sales figures showed last week, fewer shoppers on the streets doesn't seem to have dented sales growth in January. The mid-month snow took its toll on numbers of people out braving the elements, especially when making journeys to out-of-town retail parks, but it seems that many of us stayed one step ahead of the big chill and bought more on fewer shopping trips."

Diane Wehrle, research director at Springboard, added: "What is unusual – particularly in the winter – is that the high street fared better than shopping centres which recorded a decline in footfall of -5.2%. One possible reason for this is the greater diversity of high streets which provide a wide ranging offer and a greater representation of independents."

The national town centre vacancy rate in the UK was 10.9% in January 2013, down from 11.3% in October 2012.

Wehrle said: "The key finding here is that vacancies in particular regions have increased significantly over the past three months, e.g. an increase from 15.1% to 17% in Wales which may be a reflection of the impact of the recent closure of key high street names.

"The premise that high vacancy rates tend to perpetuate low footfall appears to hold true with a decline in footfall of -10.1% in Wales alongside an increase in a vacancy rate of 1.9% from October compared with an increase in footfall in the West Midlands of 5.3 percentage points alongside a vacancy rate that has fallen over the last three months by 0.7%."


 

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process