Retail footfall sees 10% drop
The number of shoppers heading to UK high streets, retail parks and shopping centres has dropped by 10% in the last seven years, new research has shown.
According to the British Retail Consortium and Springboard, consumers are making fewer shopping trips.
‘Given the monumental changes that have occurred in our retail trading landscape over the past decade, it is unsurprising that the long-term footfall trend is a downward one. However, with 80 per cent of spend remaining in-store there is still much for bricks and mortar stores to play for in the fourth quarter of 2019,’ says Diane Wehrle, Springboard marketing and insights director.
‘Retailers are facing a sustained drop in footfall, with numbers of visitors down 10% in the last seven years alone,’ says Helen Dickinson, BRC chief executive.
‘With Brexit looming, many consumers are holding off from all but essential purchases. The ongoing transformation of the retail industry is putting increasing pressure on retailers, which is now compounded by the spectre of a no deal Brexit on October 31.
‘If the government wants to support consumers and retailers, they should make sure they take no-deal off the table, while also addressing the public policy costs such as business rates, that prevent shops from investing in their retail offering.’