Following Britain’s vote to exit from the European Union (EU), negative sentiments have been visible among shoppers with footfall in June declining 2.8% year-on-year. This is the sharpest decline in footfall since February 2014.
Of all the segments in retail the high street witnessed maximum decline in traffic at 3.7%, while shopping malls saw a 2.3%. Traffic at retail parks declined 1%, indicate the British Retail Consortium and intelligence firm Springboard.
A weekly analysis indicates that footfall fell 0.4% during the first week of June, plummeting further to 4.6% during the week of the referendum. Among the areas West Midlands, Greater London and Scotland saw the sharpest footfall declines in June.
On the other hand, Wales was the best performing region with a 0.9% rise in footfall.
“The results are shaped by a political and economic storm against a backdrop of rain downpours and generally inclement weather throughout the whole month,” says Diane Wehrle, marketing and insights director at Springboard. “Whilst the cooler more rainy weather than last year will explain some of this degradation in performance, it is unlikely that it will have accounted for the 5% drop in footfall across UK destinations in the seven days post the referendum.”
“June has seen many distractions from Euro 2016 to Wimbledon, so heading out to the shops seems to have slipped down the priority list for many. In the coming months we all must redouble our efforts to remind customers that now is a great time to get out into their local communities,” avers British Retail Consortium chief executive Helen Dickinson.
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Snapchat has been betting big on Augmented Reality’s (AR) retail future consideringJune 22, 2021 | By Jibran Chouguley
Union Coop has opened its 23rd branch within the UAE in Jumeirah
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
UAE-based REDTAG will launch its specialized, new outlet in City Centre Deira
UAE-based Al-Madina Group opened two new projects, Crown Mall and Mango Hypermarket,
UAE-based REDTAG has launched its latest retail outlet on at Doha’s City Center
UAE-based Carrefour has opened a new store at the world’s busiest international
FILA has opened its new futuristic flagship store in Dubai Mall. The 158m²
UAE-based Times Square Center is getting ready to reveal its newly refurbished,
UAE-based Majid Al Futtaim has officially opened its newest lifestyle and retail
Carrefour has announced that it is expanding its robotic fleet, adding 11
Marking the 200th hypermarket opening in Cairo, Egypt, LuLu is celebrating the
Emerging technologies and IT integration in businesses have been taking place for
British fast-fashion retailer Primark says it has no plans to sell its