Scotland’s Retail Recovery Lags Behind Pre-COVID Levels
- Scottish footfall remains subdued with a 27.1% decrease compared to pre-pandemic levels
- Data from SRC and Sensormatic IQ reveals the situation
According to data from the Scottish Retail Consortium (SRC) and Sensormatic IQ, footfall in Scotland has not yet returned to pre-pandemic levels. In July, retailers experienced a 27.1% decrease compared to the same month in 2019. This indicates that Scottish shoppers are still hesitant to return to their usual shopping destinations at the same rate as before the pandemic.
Factuality Level: 8
Factuality Justification: The article provides a clear statement based on figures from a reliable source (Scottish Retail Consortium and Sensormatic IQ data) about the decrease in footfall for retailers in July compared to the same month in 2019. The information is concise, relevant, and directly related to the main topic without any unnecessary details or digressions.
Noise Level: 3
Noise Justification: The article provides a single statistic without any context or analysis, making it limited in its usefulness and lacking depth.
Financial Relevance: Yes
Financial Markets Impacted: Retail sector
Financial Rating Justification: The article discusses a decrease in footfall for retailers, which can impact the financial performance of companies within the sector and potentially affect their stock prices. This is relevant to finance as it relates to business performance and consumer behavior.
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 or crisis in the article. It discusses a decrease in footfall for retailers in July compared to 2019.
www.retailsector.co.uk 
