Footfall Drops Overall but Uplifts Seen in Some Areas

  • UK retail destinations saw a 20.6% decrease in footfall on Coronation Day compared to the previous Saturday
  • Central London’s footfall drop was smaller at -9.3%, with an increase in tourists
  • Non-retail areas of Central London had +8.5% higher footfall than last week
  • Knightsbridge saw a +9.7% increase compared to the previous Saturday
  • New George Street in Plymouth had +7.8% more footfall between 10am and 3pm
  • Footfall in Central London was on par with 2019 levels during 10am-3pm
  • Non-retail areas of Central London were +32.9% higher than 2019’s levels during the same hours

UK retail destinations experienced a 20.6% decrease in footfall during the Coronation Day compared to the previous Saturday, with a -24.6% drop between 10am and 3pm. However, certain areas like Central London saw smaller declines due to increased tourists. Non-retail areas of Central London had an 8.5% increase from the previous week, while Knightsbridge saw a 9.7% rise compared to the same day last week. In King Edward Street, Hull, footfall was up by 3.9%, and New George Street in Plymouth saw a 7.8% increase during those hours. Footfall in Central London matched 2019 levels between 10am and 3pm, with non-retail areas up by 32.9%.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the impact of the coronation on UK retail footfall, comparing different locations and time periods, and presents data from a reputable source (Springboard). It does not contain any irrelevant or misleading information, sensationalism, redundancy, opinion masquerading as fact, bias, invalid arguments, logical errors, inconsistencies, or faulty reasoning.
Noise Level: 4
Noise Justification: The article provides relevant information about the impact of the coronation on UK retail footfall, but it could benefit from more analysis and context to make it more informative and insightful.
Financial Relevance: Yes
Financial Markets Impacted: Retail sector
Financial Rating Justification: The article discusses the impact of Coronation Day on UK retail destinations’ footfall, which can affect the revenue and performance of retail companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article. The impact of the coronation on footfall is relatively minor, with some areas experiencing an increase and others a decrease.

Reported publicly: www.retailsector.co.uk