7.8% Increase in High Streets, Retail Parks, and Shopping Centres

  • Footfall rises by 7.8% across all UK retail destinations
  • Increases in high streets (+9.8%), retail parks (+5.8%) and shopping centres (+5.5%)
  • Footfall on every day with the most significant rise on Wednesday and Saturday
  • Greatest rise in coastal towns (+16.6%) and Greater London (+12%) due to warm and sunny weather
  • All UK geographies recorded uplifts in footfall, strongest in South-West (+10.4%)
  • Footfall still -15.7% below 2019 levels but showing a ‘growing recovery’
  • Diane Wehrle, insights director at Springboard, attributes the rise to good weather and Mother’s Day

The second anniversary of the UK’s first lockdown saw a significant rise in footfall across all retail destinations, with high streets experiencing a +9.8% increase, retail parks at +5.8%, and shopping centres at +5.5%. The uplift was driven by warm weather and Mother’s Day celebrations. Coastal towns saw the highest increase (+16.6%) followed by Greater London (+12%). All UK geographies recorded growth, with the South West experiencing a double-digit rise in footfall. Despite remaining -15.7% below 2019 levels, experts see this as a ‘growing recovery’.

Factuality Level: 10
Factuality Justification: The article provides accurate information about the increase in footfall across different types of retail destinations in the UK, citing data from Springboard, a reputable source. It also includes expert commentary and analysis on the factors contributing to this increase, such as weather and Mother’s Day. The information is relevant, objective, and well-researched.
Noise Level: 2
Noise Justification: The article provides relevant information about the increase in footfall in UK retail destinations and offers insights from an expert source. It stays on topic and supports its claims with data from Springboard’s analysis. However, it could benefit from more context or discussion of potential challenges or setbacks in the recovery process.
Financial Relevance: Yes
Financial Markets Impacted: The retail industry
Financial Rating Justification: The article discusses the increase in footfall across UK retail destinations, which can impact companies within the retail sector and potentially affect their financial performance.
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