Bucking the Trend with Over 8 Million Visitors

  • Westfield reports increase in footfall in July
  • Shopping centre footfall continues to decline overall
  • Footfall up by 6.4% year-on-year for H1 2019
  • Almost eight million shoppers visited Westfield London and Stratford City in July

Unibail-Rodamco-Westfield, the owner of shopping centre chain Westfield, has reported a rise in footfall at its London centres in Stratford and White City during July. The company stated that it is bucking the retail market trend as shopping centre footfall continues to fall, dropping by 3.1% last month according to Springboard’s latest figures. Despite this decline, Westfield reported a 6.4% year-on-year increase in footfall for the six months to June 30th, with 39.72 million visitors across both centres and sales rising by 7.1% in the UK for H1. The company’s statement read: ‘Following a record 81.8 million visitors in 2018 at Westfield London and Stratford City, they have continued to defy the wider industry trend with a 6.4% year-over-year uplift in footfall for H1 2019, welcoming almost eight million shoppers since early July.’

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Unibail-Rodamco-Westfield’s shopping centre performance, citing specific numbers and comparing them to industry trends. It does not include digressions or irrelevant details, nor does it present personal opinions as facts.
Noise Level: 3
Noise Justification: The article provides some relevant information about a specific company’s performance in the retail market but lacks broader context and analysis, as well as supporting evidence or data beyond the company’s own statement.
Financial Relevance: Yes
Financial Markets Impacted: Retail and real estate sectors
Financial Rating Justification: The article discusses the increase in footfall and sales for Westfield shopping centers, which can impact the performance of companies in the retail and real estate sectors.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the text.

Reported publicly: www.retailsector.co.uk