Retail parks and high streets set to see significant increases in footfall

  • Footfall forecasted to rise by +6.6% across all UK retail destinations during Easter week
  • Retail parks expected to see a rise in footfall of +14.2%
  • High streets predicted to have a rise in footfall of +11.3%
  • Coastal towns and historic/market towns likely to experience a surge in footfall
  • Footfall likely to subside over the Easter weekend
  • Central London, Northern Ireland, and Scotland saw the greatest week-on-week uplift in footfall
  • Footfall rose by +4.8% last week, driven by high streets (+5.9%)
  • Shopping centres witnessed a decline in footfall (-1.7%)
  • West Midlands had the highest year-on-year rise in footfall (+8%)
  • Footfall levels stabilizing with key holiday dates driving footfall

Footfall is predicted to rise by +6.6% across all UK retail destinations during Easter week, with retail parks and high streets expected to experience the highest increases. Retail parks are forecasted to see a rise of +14.2%, while high streets are predicted to have a rise of +11.3%. Coastal towns and historic/market towns are also likely to see a surge in footfall as families choose to have days out. However, footfall is expected to subside over the Easter weekend. Last week, footfall rose by +4.8%, driven by high streets (+5.9%), while shopping centres witnessed a decline (-1.7%). Central London, Northern Ireland, and Scotland saw the greatest week-on-week uplift in footfall. The West Midlands had the highest year-on-year rise in footfall (+8%). Footfall levels are stabilizing, with key holiday dates acting as drivers of footfall.

Factuality Level: 3
Factuality Justification: The article provides a lot of detailed information about footfall predictions and trends across different retail destinations in the UK. However, it lacks critical analysis and verification of the data provided by MRI Software. The article seems to be based solely on the information provided by MRI Software without independent verification or additional sources to support the claims made. It also contains some repetitive information and lacks a deeper analysis of the potential factors influencing footfall trends.
Noise Level: 3
Noise Justification: The article provides detailed information about footfall trends in UK retail destinations, specifically focusing on the upcoming Easter week. It includes forecasts, comparisons with previous years, and insights from a marketing and insights director at MRI Software. The article stays on topic and supports its claims with data and examples. However, it contains some repetitive information and could benefit from more analysis on the potential implications of these footfall trends.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not pertain to financial topics and does not describe any extreme events.

Reported publicly: www.retailsector.co.uk