Retail news round-up: Retail footfall drops to its lowest level since the 1990s and Missguided to open second store
Retail footfall drops at its lowest level
The UK high streets suffered its quietest Christmas with retail footfall at its lowest December level since 1998, The Belfast Telegraph reported.
The third week of December leading up to Christmas saw a drop in footfall of 1.7% compared with same period last year.
Footfall in December was down 9.3% compared with same month in 2015 making it the widest year-on-year gap since 2006.
The biggest footfall drop was suffered by the South West of England and Wales region, with a year-on-year decline of 14.4%.
Missguided to open second store
Missguided has announced plans to open its second standalone store at Bluewater shopping centre in Kent, Drapers reported.
The etailer launched its first physical store in November 2015 at Westfield Stratford shopping centre in east London.
The 16,000 sq ft store located in Bluewater’s lower Rose Gallery is expected to open this summer.
Missguided chief executive Nitin Passi said there are a couple more stores in the pipeline set to be signed shortly.