Retail Footfall Falters Despite Summer Boost Hopes
Despite the July heatwave and significant national events, UK retail footfall experienced a year-on-year decline of 0.4%. This marks the second consecutive July with falling visitor numbers, indicating a persistent caution among consumers and a struggle for physical retail to regain momentum.
Key Takeaways
- Overall UK retail footfall decreased by 0.4% in July compared to the previous year.
- High streets saw a more significant drop of 1.7%, while shopping centres experienced a 0.3% decline.
- Retail parks were the only segment to show growth, with a 1.7% increase in footfall.
- Northern Ireland recorded the sharpest decline at 3.0%, while Wales saw a modest increase of 0.4%.
- Cities like Manchester, Birmingham, and Leeds showed positive trends in store visits.
- Concerns remain about the high number of vacant shops, impacting the vibrancy of town and city centres.
- Calls for substantial business rate reductions to revitalise high streets and support retailers.
Regional Performance Varied
The national picture was mixed. While England as a whole saw a 0.3% dip, specific regions like the North East and Yorkshire and the Humber reported increases. Manchester stood out with a 3.9% surge in footfall, potentially boosted by events. However, experts caution that such uplifts can be temporary.
Challenges Facing High Streets
High streets bore the brunt of the decline, with a 1.7% drop in foot traffic. Shopping centres also saw a slight decrease. This trend highlights a continued preference for the convenience and parking offered by retail parks. The issue of empty shops remains a significant concern, with approximately one in seven retail units vacant, diminishing the overall appeal of traditional shopping destinations.
Consumer Sentiment and Future Outlook
Experts suggest that while the underlying trend in footfall might be improving, the growth remains negative when compared to previous years. Consumer sentiment is described as cautious, with shoppers potentially spending less or
Sources
- Retail footfall falters in July despite heatwave and events, FashionUnited UK.
- Footfall declines in July for second consecutive year, Retail Sector.
- Retail footfall “stubbornly negative” in July | News, The Grocer.
- July not so sunny for retail footfall, Talking Retail.
- Retail footfall declines in July, Retail Bulletin.
