UK footfall’s post-pandemic recovery took a hit last week as concerns over rising prices and worries over an impending recession deepened. There were negative numbers (almost) everywhere for the 8-14 May period.
Retail destinations “fared well” over the early May bank holiday with a strong uplift in footfall from the week before, according to footfall expert Springboard. The rise averaged 8% over the Saturday to Monday period.
The latest Easter weekend footfall data from Ipsos on Tuesday showed encouraging results for retailers, and now Springboard has added more colour, highlighting the recovery but also showing it still has some way to go.
Retailers beware. A strong uplift in UK footfall in March was only likely to be the calm before the storm, warned Springboard Thursday. “Expect this to be short-term goods news for retailers”, its latest report noted.
More info has been released from a new Colliers report on central London retail and it shows that as far as space development is concerned, units housing global brands have been less affected by vacancies than others.
With stable weather patterns returning to the UK in the final full week of February, normality also returned to retail footfall. Visits across all UK retail rose 11.1% week-on-week in the seven days (20-26 February).
Any hopes of seeing last week’s retail footfall numbers continue to rise across the UK were severely blown off course by Storm Eunice and Storm Dudley, They left their marks across all destinations, two reports show.
Positive effects linked to the end of the government’s Plan B Covid restrictions and the beginning of “the great return” of shoppers to UK high streets haven’t fully kicked in, according to Springboard on Thursday.