High Streets and Shopping Centres Lead the Way

  • UK footfall increased by 45% during the first week of non-essential retail reopening
  • High streets and shopping centres saw a 47.5% and 45% rise in footfall respectively
  • Retail parks experienced a 27.1% increase, less than high streets and shopping centers
  • Footfall in London’s West End rose by 55.9%, higher than England’s high streets at 51.1%
  • Springboard expects further uplift when Scotland and Wales reopen retail and hospitality
  • Footfall remains lower in London’s West End compared to England’s high streets

The reopening of non-essential retail in England led to a significant increase in footfall across all UK retail destinations, with high streets and shopping centers experiencing the most substantial rise. Retail parks saw a more modest increase as they had already been trading food and home stores. London’s West End saw a higher rise than England’s high streets, but both remain lower compared to 2019 levels.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the increase in footfall across various types of retail destinations in the UK after the reopening of non-essential retail and includes relevant data from Springboard, a retail insights firm. It also mentions the comparison with last year’s levels and quotes an expert for context.
Noise Level: 3
Noise Justification: The article provides relevant information about the increase in footfall across different types of retail destinations after the reopening of non-essential retail in England and offers some comparisons between regions and store types. However, it could benefit from more analysis or context on the implications of these changes for businesses and consumers.
Financial Relevance: Yes
Financial Markets Impacted: Retail sector
Financial Rating Justification: The article discusses the impact of non-essential retail reopening on footfall across UK retail destinations, which can affect sales and revenue for retail companies, thus having financial relevance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There are no extreme events mentioned in this article.

Reported publicly: www.retailsector.co.uk