Share Prices & Company Research

Market News

22 Mar 2021 | 11:45

Retail footfall rises ahead of lockdown anniversary - Springboard

(Sharecast News) - Footfall across UK retail destinations rose last week as the anniversary of lockdown looms, driven by high streets, according to the latest data from retail analysts Springboard. Footfall was up 0.5% from the week before, with footfall at high streets 4% higher. However, footfall in retail parks and shopping centres declined by 4.4% and 2.3%, respectively. Springboard noted that this is a big difference from the same week last year, when - ahead of the start of lockdown on 23 March - the government advised people to work from home and not travel. In that week, footfall fell a record 21.7%.

Footfall remains down 40.8% from 2020 and 56.5% lower compared to 2019, Springboard said.

Footfall in every type of high street rose by at least 5% from the week before, reaching 7.8% growth in major city centres outside London. Springboard said the impact of easing restrictions in Wales and schools returning in Scotland was evident, with increases in high street footfall in both nations of 17% and 19.4% respectively, versus a much smaller 3% increase in England.

Diane Wehrle, Insights Director at Springboard, said: "Footfall across UK retail destinations continued to strengthen last week, with a modest rise from the week before.

"At the same time, the annual decline improved significantly but this is a distortion created by a huge drop in footfall in the same week last year as we approached the start of the first Lockdown on Monday 23rd March 2020."

According to the lockdown easing roadmap outlined by Prime Minister Boris Johnson last month, non-essential shops will be allowed to reopen on 12 April.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.