Springboard Predicts 10% Increase in High Streets, 7% in Shopping Centres and 4% in Retail Parks
- UK retail footfall expected to rise by 8% over Jubilee weekend
- Springboard anticipates a +10% increase in high streets, +7% in shopping centres and +4% in retail parks
- Weather forecast: sunny on Thursday and Friday, showery over the weekend
- Footfall in Central London up by 4.1%, city centres outside of London by 5.3%
- Market towns still lagging at -19.4% below 2019 levels compared to -15.5% for city centres
- Diane Wehrle, Insights director at Springboard, attributes the boost to Jubilee and school break
Retail experts predict a significant increase in footfall during the Platinum Jubilee weekend as people head to shopping destinations due to sunny weather and school holidays. Springboard anticipates a +10% rise in high streets, +7% in shopping centres, and +4% in retail parks. Market towns continue to lag behind 2019 levels.
Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about the expected increase in retail footfall due to the Platinum Jubilee and school half term holiday, citing data from Springboard. It also discusses the impact of weather on shopping trips and the ongoing shift back to offices. The information is based on research and expert opinions, with no clear signs of sensationalism or personal perspective.
Noise Level: 4
Noise Justification: The article provides relevant information about the expected increase in retail footfall due to the Platinum Jubilee and school half term holiday, as well as a breakdown of the expected percentage increases for different types of retail destinations. It also includes data on the impact of weather and the ongoing shift back to office work. However, it could benefit from more analysis or context about the long-term trends or consequences of these events.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the potential impact of the Platinum Jubilee and school half term holiday on retail footfall in UK destinations, which could affect retail companies’ sales and performance.
Financial Rating Justification: The article mentions the expected surge in footfall and its potential impact on retail businesses, making it relevant to financial topics as it relates to the performance of these companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the text.
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