Connect with us

Hi, what are you looking for?

Business

Post covid footfall gains are wiped out as shoppers stay at home

Footfall across retail destinations in Britain fell last month to 14.2 per cent below the 2019 level, wiping out all the gains made since April.

Some of the weakening in consumer activity was because of the extreme heat in the third week of the month, when footfall dipped to 16.4 per cent below the 2019 level from 12.9 per cent in the week before, according to the survey from Springboard Footfall Monitor and Insights.

Springboard, which is part of the High Street Taskforce, pointed to a “north-south divide emerging in terms of the recovery in footfall, indicating the impact of the proportionately greater burden of inflation that is being felt in the north”.

It found that between January and July footfall increased from month to month by an average of 1.8 per cent in Greater London compared with 0.4 per cent in the north and Yorkshire, and in July footfall in Greater London was 27.4 per cent above the 2021 level versus 8.9 per cent in the north and Yorkshire, 7.2 per cent in Northern Ireland and 9.2 per cent in Scotland.

Springboard said for the rest of the year “we would normally expect footfall to peak in August and dip in September as the school summer break ends. In light of the increasing strain on household budgets as a consequence of inflation, we are anticipating that in August footfall will plateau or even drop away marginally by around 1 per cent from July, followed by a decline of around 3 per cent over the month between August and September.”

Read more:
Post covid footfall gains are wiped out as shoppers stay at home

You May Also Like

Business

The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

Stocks

After taking a breather in the week before this one, the Indian equity markets resumed their up move. The headline index continued with its...

Investing

It was supposed to be a debacle. As the Second World War drew to a close, the nation’s leading economists feared that, once the...

Business

Small businesses are bringing forward their finance applications in order to beat expected further interest rate rises, according to new research. Four-in-ten (44%) SME...

Dislaimer: peakprofitplace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 peakprofitplace.com | All Rights Reserved