Posted 19th March

Footfall 'falls fast' in February, says BRC

19th March 2019 - 10:32am
money matters, brc, british retail consortium, springboard, footfall, uk, retail, shopping, high street, retail park, shopping centre, kitchen, bathroom, kbb, kbbdaily, ekbbusiness

Footfall declined by 2% in February, according to the latest British Retail Consortium – BRC – Springboard Footfall and Vacancies Monitor, marking a “significant” downturn compared with the same month in 2018, when it fell by 0.2%.

The BRC added that February marks the 15th consecutive month of declining footfall, as well as being the “weakest February” in five years. High streets saw a 1.9% drop in footfall, while retail park footfall declined by 0.8% and shopping centres saw a decrease of 3.4%.

“Consumers have been cautious in their spending, leading to the biggest drop in February footfall for five years,” said BRC CEO Helen Dickinson. “These figures echo the month’s poor retail sales figures, which saw weak growth, particularly in bricks-and-mortar stores.

“While real incomes have been rising over the last year, the uncertainty surrounding Brexit appears to be driving a needs-not-wants approach to shopping. Things could get a lot worse unless the Government is able to avoid a calamitous no-deal Brexit.

“Such a scenario would likely result in higher costs, higher prices and less choice for consumers – all of which would further harm struggling retailers. The Government must act to protect both consumers and retailers by ensuring there is no chance of a no-deal Brexit.”

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