Budget and the weather hits retail hard - London Business News | Londonlovesbusiness.com
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Budget and the weather hits retail hard - London Business News | Londonlovesbusiness.com
"According to the British Retail Consortium (BRC)-Sensormatic data in the four weeks from 2 to 29 November the total UK footfall decreased by 0.8% in November (YoY), down from -0.7% in October. High Street footfall decreased by 1.2% in November (YoY), down from +0.6% in October. Retail Park footfall decreased by 0.4% in November (YoY), up from -0.5% in October. Shopping Centre footfall decreased by 1.3% in November (YoY), down from -0.9% in October."
"Wet weather and the prospect of a tax-rising Budget meant some shoppers held off shopping visits last month. Storm Claudia prompted many consumers to search online for Black Friday deals throughout November, leading some to not visit bricks-and-mortar stores on Black Friday. There was good news in some northern UK cities as Manchester and Sheffield continued to buck the trend, recording positive footfall for the eighth consecutive month."
Total UK footfall decreased 0.8% year-on-year in the four weeks to 29 November, worsening from -0.7% in October. High Street footfall fell 1.2% from +0.6% the prior month. Retail Park footfall declined 0.4%, improving from -0.5%. Shopping Centre footfall dropped 1.3%, down from -0.9%. Northern Ireland saw a 2.7% increase while Scotland fell 0.3%, Wales 0.4% and England 1.0%. Wet weather, Storm Claudia and the prospect of a tax-rising Budget reduced physical visits and drove online Black Friday searches. Manchester and Sheffield recorded positive footfall for an eighth consecutive month. Retailers invested to entice Christmas shoppers and calls emerged for transport, parking and planning reforms to revitalise high streets and shopping centres.
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