BRC: Footfall declines but shoppers still spending…
According to the British Retail Consortium‘s (BRC) latest ‘BRC-Springboard Footfall and Vacancies Monitor’ for the five weeks between August 28 and October 1, total footfall for the month of September fell by 0.9 per cent compared to the previous 12 months; a return to the decline in footfall seen before the 0.1 per cent increase experienced in August.
The research found that footfall in retail park locations was also ‘broadly flat’ in September, worse than the 0.4 per cent rise in August, and footfall in shopping centres fell 2.5 per cent in September, a further fall from the 1.9 per cent drop in August and is below the three-month average of -2.1 per cent.
Chief executive at BRC, Helen Dickinson OBE said: “Total footfall was fractionally down this month with almost one per cent fewer people heading out to shopping locations across the UK. At the same time as both footfall and shop prices have fallen year-on-year, retail spending grew in September by 1.3 per cent. This is a function of the changing face of retail and the hard work and innovation of British retail businesses who are responding brilliantly to technological advances and changing consumer habits.”