Posted 19th February

Retail parks continue to attract most footfall, says BRC

By KBBDaily on 19th February 2018 - 13:25pm
Money Matters

The latest British Retail Consortium – BRC – Springboard Footfall and Vacancies Monitor has found that retail parks continue to attract the highest rate of footfall across retail locations in the UK, with high streets and shopping centres seeing declines in visitors in January.

Overall, footfall last month decreased by 1.6% year-on-year, a “deeper decrease than the rate seen for January 2017 of 1.3%”, the BRC said. Retail parks saw a 0.9% growth rate in footfall, while shopping centre footfall fell by 3.1% and high streets saw a 1.9% drop last month.

“January painted a picture of divided fortunes with a slight improvement in town vacancy rates but decline in shopper footfall,” said BRC CEO Helen Dickinson. “The latter fell in line with the underlying trend of reduced customer activity in shopping destinations, compounded by the squeeze on discretionary spending. Meanwhile retail sales continue to be buoyed by inflation, masking the lack of real growth.”

Springboard marketing and insights director Diane Wehrle added: “Activity in retail parks continues to grow, with a shift in footfall from -0.4% in January 2017 to +0.9% this January; despite furniture and household appliance sales in January being the worst of all 13 categories.

“Retail parks clearly now fulfil a wider role for shoppers; yes, they are convenient and functional shopping locations, but are buoyed by the continuing growth in online spending. Not only are they efficient click-and-collect points, but their attraction is enhanced by a wider offer, embracing hospitality.”

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