Published on August 26th, 2014 | by The GC Team0
August brings another tough bank holiday for retailers
A mixed bag of bank holiday weather did little to encourage retail footfall during the last long weekend of the summer, with a rainy start to Monday offering no motivation for consumers to venture out to shopping locations.
According to retail analysts Springboard, footfall dropped by 14.5% up until midday alone as rain swept across the UK, indicating that this bank holiday Monday will echo the trend of the previous two years when footfall fell by 10%.
Overall numbers, from Saturday to Monday, dropped 5.4% on last year with only Ireland and Scotland recording positive results.
Unexpected sunshine on Saturday and Sunday failed to draw shoppers to the high street, with Springboard recording a 7.3% fall – the sixth consecutive year of decline – and a fall of 6.3% in shopping centres.
It was a brighter outlook for out-of-town retail parks as shoppers upheld the British tradition of stocking up on DIY goods. Retail footfall stood at +1.9% on Saturday and +1.3 on Sunday, but dipped into negative territory on Monday (-1.8%), giving an overall result of 0.5% for the weekend.
Diane Wehrle, retail and insights director at Springboard, said: “Falling just before payday and with the bleak trends over the last five years it was, as we expected, another tough trading weekend for retailers. While we saw some positive results from smaller shopping centres, retail parks continue to triumph over the high street and shopping centres, drawing people out with the convenience of parking, cafes and goods for those all important DIY projects.”
Wehrle added that most people opted to stay local rather than experience a washout weekend away, deterred by the forecast for a drizzly Monday and chilly winds.