Bricks and Mortar Destinations Struggle Amidst Weather Challenges
- Footfall declined by 3.5% in May compared to the same period last year
- High Street footfall dropped by 4.8%
- Retail Park footfall decreased by 0.8%
- Shopping Centre footfall fell by 3.6%
- Three-month averages show declines of -1.3% and -1.4% for bricks and mortar destinations
- Diane Wehrle attributes the decline to weather conditions and special events in May 2018
Footfall in the UK dropped by 3.5% in May compared to the same period last year, according to the BRC-Springboard Footfall and Vacancies Monitor. High Street footfall saw a significant decline of 4.8%, while Retail Parks experienced a decrease of 0.8%. Shopping Centres also faced a drop of 3.6%. The three-month averages for bricks and mortar destinations stand at -1.3% and -1.4%. Diane Wehrle, Springboard’s marketing and insights director, explained that the decline is consistent with sales drops in May due to unfavorable weather conditions and special events boosting footfall in May 2018. High Streets were hit hardest by these factors.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about footfall decline in different types of retail destinations, citing specific percentages and comparing them to previous years. It also includes a quote from an expert providing context and explanation for the results.
Noise Level: 3
Noise Justification: The article provides relevant and accurate information about footfall trends in UK retail destinations, with clear comparisons to previous years and explanations for the changes. It also includes expert commentary on the reasons behind the results. However, it lacks actionable insights or solutions for businesses.
Financial Relevance: Yes
Financial Markets Impacted: Retail sector and related companies
Financial Rating Justification: The article discusses footfall decline in UK bricks and mortar destinations, which impacts the retail sector and can affect the financial performance of companies within it.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.
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