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Footfall declined in most shopping destinations in July

Laura  Barnes
Footfall declined in most shopping destinations in July

The latest BRC-Springboard Footfall and vacancies monitor has revealed another slow month for UK retail footfall.

The monitor shows that most shopping destinations saw a decline in July, falling -1.1% against the previous year, below the 3 month rolling average of -0.4% and the 12 month of -0.2% respectively.

High streets saw a -2.1% decline and shopping centres reported a -1.3% decline. In fact, it was the fourth consecutive month of footfall decline in shopping centres.

However there was some hope, as retail parks saw 1.7% growth.
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“Most shopping destinations saw a decline in footfall in July compared with the previous year. Even high streets, which have seen fairly stable growth over recent months, reported a decline. Retail parks were the exception and have fared relatively well since March this year reflecting in part lower rental costs compared to prime and town centre locations as well as convenience for shoppers,” said Helen Dickinson OBE, chief executive of BRC.

“The overall decline in footfall translated into weak sales performance for stores in non-food particularly, which fell further into negative territory as consumers rein back spending on non-essential items.

“The vacancy rate, now at its highest for a year, fails to brighten the picture for what was evidently a challenging month for retailers. Nearly one in 10 retail shops currently lie vacant and those in some vulnerable communities remain persistently empty, limiting the chances of these places to thrive. What’s more, September’s RPI which is expected to be in the region of four per cent, represents a substantial increase in business rates for retailers in April 2018.

“So Government’s commitment to switch to CPI indexation should really be brought forward from 2020.”

Tags: Retail , footfall , brc , brc springboard

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