Published on March 15th, 2019 | by The GC Team0
“Brexit pantomime” blamed for drop in non-food retail footfall
Footfall in non-food stores fell 4.6% year-on-year during February with a sluggish start to the month and half-term week, where figures were down by 4.4% against 2018, cited as key determinants of the poor performance.
According to Ipsos Retail Performance, month-on-month figures fell by 16.2%. And March is expected to bring little respite for the industry. Although a repeat of last year’s Siberian weather conditions is not anticipated, neither will there be an Easter boost as the event falls in April this year.
Footfall is likely to edge up slightly in the month ahead, with average weekly numbers forecast to rise 1.9% on February and 1.0% on last year.
Dr Tim Denison, director of retail intelligence at Ipsos, said: “As in all parts of the economy, the future state of retailing will depend on how the Brexit pantomime plays out. For the time being, the nation and its shopkeepers wait on nervously.”