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Industry News December footfall reflects changing shopping habits

Published on August 26th, 2015 | by The GC Team

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Retail footfall expected to rise 4.7% over Bank Holiday weekend

Footfall across UK high streets, shopping centres and retail parks is predicted to rise 4.7% over the forthcoming Bank Holiday weekend, according to retail intelligence expert Springboard.

Springboard predicts the back to school retail rush will be as strong as ever as shoppers take advantage of the rare occurrence of the holiday weekend coinciding with a national payday. As the weather is expected to brighten, footfall on the Monday is forecast to rise 7.9% year on year.

Diane Wehrle, Insights Director at Springboard, said: “Favourable inflation rates, low unemployment and evidence of UK-wide pay rises have given consumers a new bout of confidence. Retail spend is increasing, with figures from the British Retail Consortium showing an increase of 3.2% year on year in non-food spend in the last quarter, and with fine weather expected this weekend we expect shoppers to venture out with new-found force.”

Downpours on the August Bank Holiday Monday of 2014 led to high street footfall falling 24% on the day, resulting in a 7% drop over the full weekend. But as the weather is expected to brighten this weekend, so too is the outlook for UK high streets. Footfall is expected to rise 6.3% over the three days with Monday experiencing a 12% lift if the weather holds out.

Retail parks are expected to see a 6% increase over the weekend, largely due to a continuing improvement in leisure offerings coupled with the prominence of Click & Collect availability at these locations.

Shopping centres will follow behind with footfall expected to see a slight improvement of 0.5% over the three-day period.

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