Sheltered Spaces Boost Shopping Center Visits Amidst Cold Snap
- Footfall rose marginally in UK retail destinations last week
- Shopping centers saw a +2.2% increase due to shelter from cold weather
- Retail parks experienced a +0.9% rise, high streets declined -0.9%
- Peak footfall on Tuesday (+6.4%) followed by decline on Friday (-4.9%)
- Central London saw a +3.8% increase, outer London +1.4%
- City centers outside of capital had -3.5% drop in footfall
UK retail footfall increased marginally last week (Dec 5-12) compared to the previous week, according to Springboard. Shopping centers benefited from their temperature-controlled environments, experiencing a +2.2% rise in visitors while high streets saw a -0.9% drop. Retail parks also saw a +0.9% increase due to easy car access. Tuesday witnessed a +6.4% peak before the cold weather hit on Wednesday. By Friday, footfall declined (-4.9%) and Saturday saw a -7.3% drop across all UK destinations and -7.3% in high streets. Central London rose by +3.8%, outer London by +1.4%. City centers outside the capital faced a -3.5% decline. Diane Wehrle, Springboard’s insights director, stated that footfall decreased after Black Friday and Cyber Monday’s boost, with cold weather affecting high streets more due to exposure to elements.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about footfall trends in UK retail destinations based on data from Springboard. It presents a clear comparison between different types of locations and offers insights from an expert source.
Noise Level: 3
Noise Justification: The article provides relevant information about footfall trends in UK retail destinations and offers some analysis on the impact of weather conditions. It also includes data from Springboard’s research. However, it could benefit from more context or comparisons to previous years or seasons for a better understanding of the trends.
Financial Relevance: Yes
Financial Markets Impacted: Retail companies and real estate investment trusts (REITs) related to retail properties
Financial Rating Justification: The article discusses changes in footfall at different types of retail destinations, which can impact the performance of retail businesses and affect the value of REITs invested in these properties.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
www.retailsector.co.uk