#high-street

#high-street

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.

Rising costs have put immense pressure on small high street businesses, pushing many to consider closure or selling due to financial viability concerns in the next few years.

Total like-for-like retail sales in discretionary categories remained below inflation in June, compared to a positive base of +3.2% in June 2024.