Footfall Drops in All Destinations Except High Streets on Hot Saturday
- Highest annual footfall rise since Easter despite a 5.2% decline
- Footfall lower on every day except Saturday due to heatwave
- Largest drop in shopping centers, largest rise in high streets
- Gap from 2019 footfall level widened to -7.2% last week
MRI Springboard reports a +6.3% increase in annual footfall compared to 2022 despite a -5.2% decline last week. Footfall dropped across UK retail destinations every day from Sunday to Friday, with the largest decline of -11.2%. High streets saw a +4% rise on Saturday due to heatwave. The gap from 2019 footfall level widened to -7.2%, and shopping centers experienced a -15.5% drop. Diane Wehrle, Insights director at MRI Springboard, noted that the decline was expected after strong comparables during the Whitsun half term break.
Factuality Level: 9
Factuality Justification: The article provides accurate information about footfall trends and includes relevant data from MRI Springboard, with quotes from Diane Wehrle to support the claims. It presents objective information without any personal perspective or sensationalism.
Noise Level: 3
Noise Justification: The article provides relevant information about footfall trends in UK retail destinations and offers some analysis on the reasons for the changes. It also includes data and evidence to support its claims. However, it could benefit from more context or comparison with previous years’ data to provide a better understanding of the situation.
Financial Relevance: Yes
Financial Markets Impacted: Retail sector
Financial Rating Justification: The article discusses changes in footfall in UK retail destinations, which can impact businesses and financial markets related to retail, such as store sales and stock prices.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no mention of an extreme event in the text.
www.retailsector.co.uk