Published on June 1st, 2018 | by The GC Team0
Bank holiday sunshine dampens retail footfall
Non-food retailers experienced a harsh trading environment in May as soaring temperatures over the two bank holidays enticed consumers away from the high street.
Figures released by Ipsos Retail Performance, the global retail and footfall consultant which compiles the Retail Traffic Index (RTI), show the number of people visiting non-food stores fell by 8.6% year on year, following a depressing drop of 12.8% in April.
Last month Ipsos reported that footfall in non-food stores stood 9.6% lower over the first four months of the year than in 2017 and predicted the RTI would improve in May with the better weather helping stores to reduce the footfall deficit.
But it wasn’t to be. A dramatic year-on-year decrease over the early May bank holiday weekend saw double-digit falls in all areas, with those in the South East faring worst as shopper numbers dropped by 30%.
Footfall during the late bank holiday recorded single-digit decreases in most areas, with two regions – Scotland & Northern Ireland (-16.5%) and Wales (-10%) – experiencing double-digit declines.
Retail Traffic Index:
Footfall change: May 2018 vs May 2017
Scotland & Northern Ireland -7.9%
North of England -4.5%
The Midlands -9.3%
South West England & Wales -5.5%
South East England & London -13.3%
Footfall change: May 2018 vs April 2018
Scotland & Northern Ireland -2.0%
North of England +1.6%
The Midlands -2.9%
South West England & Wales -5.8%
South East England & London +0.2%
May Day Bank Holiday (4th – 6th May 2018 vs 29th April – 1st May 2017)
East Midlands -23.2%
North East -26.7%
North West -26.5%
Scotland & Northern Ireland -18.3%
South East -30.2%
South West -29.2%
West Midlands -28.1%
Yorks & Humbs -28.5%
Late May Bank Holiday Weekend Analysis (25th – 27th May 2018 vs 27th to 29th May 2017)
East Midlands -5.2%
North East -8.8%
North West -9.1%
Scotland & Northern Ireland -16.5%
South East -8.6%
South West -9.0%
West Midlands -3.1%
Yorks & Humbs -5.8%