High Street Footfall Declines Despite Indoor Hospitality Restart

  • Indoor hospitality reopening fails to increase footfall
  • High street footfall declined by -36.3% compared to 2019 levels
  • Shopping centre footfall down by -30.3%
  • Retail park footfall decreased by -5.7%

Despite the reopening of indoor hospitality, footfall in high streets, shopping centres, and retail parks has not seen a significant increase, according to Springboard’s May figures. High street footfall declined by 36.3% compared to pre-pandemic levels, while shopping centre footfall dropped by 30.3%, and retail park footfall decreased by 5.7%.

Factuality Level: 10
Factuality Justification: The article provides accurate and concise information about the lack of significant increase in high street footfall following the reopening of indoor hospitality. It does not contain any digressions or irrelevant details, nor does it include exaggerated reporting or personal opinions presented as facts. The information is based on Springboard’s May figures, which adds credibility to the statement.
Noise Level: 7
Noise Justification: The article provides some relevant information about the impact of indoor hospitality reopening on high street footfall, but it lacks depth and context. It does not explore long-term trends or possibilities, hold powerful people accountable, stay strictly on topic, support its claims with evidence, provide actionable insights, or offer new knowledge for readers.
Financial Relevance: Yes
Financial Markets Impacted: The hospitality industry
Financial Rating Justification: The article discusses the impact of indoor hospitality reopening on high street footfall, which is related to businesses in the retail and service sectors. This can affect the financial performance of companies within these industries and potentially influence their stock prices.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.retailsector.co.uk