Posted Wednesday

Footfall ‘continues downwards trajectory’ in August

11th September 2019 - 15:32pm
money matters, brc, british retail consortium, springboard, footfall, uk, retail, shopping, high street, retail park, shopping centre, kitchen, bathroom, kbb, kbbdaily, ekbbusiness

The latest British Retail Consortium – BRC – Springboard Footfall and Vacancies Monitor has reported a 1.3% decline in footfall last month, with high streets and shopping centres seeing the worst of the downturn.

While retail parks saw a growth in footfall of 1% last month – above the 0.3% increase seen in the same month last year – high street footfall dropped by 1.9% and shopping centre footfall fell by 2.2%.

“Retail footfall continues its downwards trajectory this month, with high streets and shopping centres most affected,” said BRC CEO Helen Dickinson.

“The long-term trend, which has seen footfall decline by an average of 1.7% over the last 12 months, reflects the fact that increasingly cautious consumers are holding back on discretionary spending and not heading out to the shops. Only retail parks, with their combination of activities and shopping, were able to buck the trend.

“There is little sign that the stresses on retail will abate any time soon,” Dickinson added. “Stuck between weak demand thanks to Brexit uncertainty, and rising costs resulting from business rates and other public policy costs, many retailers are clearly struggling. The Government should take the opportunity to reduce the heavy cost burden holding back retail investment.”


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