Shopping Centres Lead the Way with +11.1% Increase

  • Footfall increased by 6.1% in December compared to November
  • Shopping centres saw a 11.1% rise in footfall during the festive season
  • High streets experienced a +3.7% increase, while retail parks had a +5.9% increase
  • Footfall was marginally up by 0.2% compared to 2022
  • Boxing Day footfall was up 4% from the previous year, but still -14.9% lower than 2019 levels
  • MRI Software predicts a post-Christmas slump in January with a decline of -20% to -25%

Footfall across UK retail destinations rose by 6.1% from November to December, driven by festive shopping. Shopping centres led the charge with a rise of 11.1%, followed by high streets at 3.7% and retail parks at 5.9%. Compared to 2022, footfall increased marginally by 0.2%. Boxing Day footfall was up 4% from last year but still down 14.9% compared to 2019 levels. MRI Software predicts a post-Christmas slump in January with a decline of -20% to -25%.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the increase in footfall during December compared to November and previous years. It cites a source (MRI Software) for its data and discusses trends and predictions for future months. However, it includes some speculation about consumer behavior and potential impacts on footfall in 2024.
Noise Level: 6
Noise Justification: The article provides relevant information about footfall trends in UK retail destinations during December and makes predictions for January. However, it contains some repetitive information and uses vague terms like ‘poor weather conditions’ without specifying what kind of weather caused the disruption.
Financial Relevance: Yes
Financial Markets Impacted: UK retail sector
Financial Rating Justification: The article discusses changes in footfall across various types of retail destinations, which can impact the financial performance of retail companies and potentially affect stock prices.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk