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October 9, 2020

BRC reports 30.1% drop in UK retail footfall in September  

Retail footfall in the UK footfall decreased by 30.1% year on year (YoY) in September , according to the British Retail Consortium (BRC)-ShopperTrak data.   

Retail footfall in the UK footfall decreased by 30.1% year on year (YoY) in September , according to the British Retail Consortium (BRC)ShopperTrak data.  

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The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
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  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
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  • How can your company survive and thrive in a high inflation environment?
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by GD50 Custom
Enter your details here to receive your free Whitepaper.

The figure is a slight improvement of 4.7% point from the previous month. 

Additionally, in July, BRC reports revealed a slight recovery in UK retail sales.

BRC data also reveals that retail footfall on high streets dropped by 36.9% YoY this month.  

Additionally, shopping centre footfall declined by 36.1% YoY, still below its 12-month average fall of 35.2%. 

Northern Ireland recorded -14.6% drop in shopping centre footfall, Scotland reported -35.4% decline and Wales stood at 40.2%.  

BRC chief executive Helen Dickinson OBE said: “As the second wave of the pandemic sweeps the UK and additional restrictions come into force, footfall has steadily dropped during the month as many shoppers chose to stay at home.  

Despite this, September footfall remains an improvement on the previous month.  

Retail parks, while down on a year ago, continue to perform significantly better than high streets and shopping centres thanks to the prevalence of supermarket stores and the availability of onsite parking. 

“It is likely that rising case numbers and future restrictions may see footfall decline in the coming months. Sales at upcoming holidays, including Halloween and Bonfire night, are also likely to remain muted.  

Furthermore, with footfall remaining well below pre-coronavirus levels, the Government must act now to provide certainty for business and prevent a cliff-edge of 100% business rates in April 2021.”

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.