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June 3, 2022

BRC reports 12.5% drop in total UK footfall in May

Footfall in May is better than the three-month average decline of 13.7%.

Total retail footfall in the UK for May 2022 fell by 12.5% on a year-on-three-years (Yo3Y) basis, according to data from the British Retail Consortium (BRC) and Sensormatic IQ.

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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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by GD50 Custom
Enter your details here to receive your free Whitepaper.

The data revealed that footfall for the month improved by a 0.6 percentage point than April and is better than three-month average decline of 13.7%.

Footfall on high streets dropped by 13.6% in May (Yo3Y) but improved 3.6 percentage points compared to the previous month.

Shopping Centre footfall also decreased by 26.7% Yo3Y, while it is above the three-month average decline of 30.5%.

On a regional basis, England saw the lightest decline at -11.9%, while Northern Ireland and Wales recorded -12.9% and -16.0% respectively. Scotland’s decline was the greatest at -16.4%.

The UK reported better footfall than other major European countries, including France and Germany, which reported Yo3Y declines of 21.6% and -20.2% respectively in May.

British Retail Consortium chief executive Helen Dickinson OBE said: “UK footfall made small advances for a third month in a row, as the particularly warm May weather saw more people shop in person.

“The anticipation for the Jubilee celebrations offered an added boost to footfall, with the public hitting the shops to find the best decorations and festive food and drink for the long weekend. London enjoyed the biggest improvement out of all the major UK cities, seeing an increase in tourism as international covid restrictions are rolled back and we enter the summer season.

“Improvement to footfall remains fragile as the cost-of-living bites. With UK discretionary incomes falling, government’s financial support to tackle surging energy costs may only provide temporary respite for households. As inflation continues to climb and consumer confidence falls, it is by no means certain footfall will continue to improve in the months to come.”

Recently, the Confederation of British Industry’s (CBI) latest quarterly Distributive Trades Survey revealed that retail sales in the UK have been average in May.

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.