Post-Black Friday Footfall Decline Revealed
- High street footfall slumped by 5.5% after Black Friday weekend
- Cyber Monday also impacted footfall
- Tuesday 27 November had the worst decline in footfall
- Footfall improved slightly on Friday with a 0.5% uplift
High street footfall dropped by 5.5% in the week following Black Friday weekend, as reported by retail analysts Springboard. The decline was expected due to the direct aftermath of Black Friday and the online-focused Cyber Monday. All three destination types experienced similar decreases, ranging from 4.3% in retail parks to 6.5% in shopping centers. Tuesday, November 27th, saw the worst day for footfall with double declines across all areas. Foot traffic improved slightly by week’s end, resulting in a 0.5% increase on Friday. Springboard stated, ‘Geographically, the decline was universal; Northern Ireland and Wales had the smallest decrease at -0.3% and -1.8%, while seven of the eight remaining regions experienced footfall drops exceeding -6.0%. In shopping centers, declines in foot traffic were over -4.0% in every area, and retail parks showed more resilience with five areas experiencing a drop of over -4.0%, reaching -10.3% in the West Midlands.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the decline in high street footfall following Black Friday weekend, including specific percentages and geographical breakdowns. It also cites a reputable source (Springboard) and discusses the impact on different types of shopping destinations.
Noise Level: 5
Noise Justification: The article provides relevant information about high street footfall decline following Black Friday weekend and Cyber Monday but lacks analysis or actionable insights beyond stating that some areas were less affected than others.
Financial Relevance: Yes
Financial Markets Impacted: Retail sector
Financial Rating Justification: The article discusses a decline in high street footfall following Black Friday weekend, which can impact retail companies’ sales and potentially affect their stock prices and overall financial performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
www.retailsector.co.uk