Latest BRC-LDC vacancy monitor data
Christmas footfall highest since pandemic as strikes spur shoppers to high street
The number of shoppers visiting high streets and malls rose in 2022, but retail park numbers decreased, the latest figures suggest.
The BRC - Local Data Company Vacancy Monitor is a quarterly monitor that tracks the vacancy rate changes to the UK retail landscapes (retail park, high street, shopping centre) as they evolve since Q1 2019.
The number of shoppers visiting high streets and malls rose in 2022, but retail park numbers decreased, the latest figures suggest.
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Footfall across all UK destinations fell in October as consumers continued to feel the pressure of the cost-of-living crisis ahead of Christmas.
Retail has undergone huge changes since the pandemic, which saw many shops shut their doors for good.
Footfall across all UK destinations declined in September as consumers restricted their shopping ahead of the Christmas season.
Retail footfall is predicted to fall in the run-up to Christmas as consumers “tighten their purse strings” due to rising bills, according to MRI Software, formerly Springboard.