UK retailers suffer ‘summer slump’ as footfall falls in June

By Hugh Radojev2019-07-14T23:01:00

Source: Orchard Street Investment

UK retailers suffered a tough start to summer, as footfall dropped across high streets and shopping centres, though retail parks saw a marginal uptick.

The latest BRC-Springboard Footfall and Vacancies Monitor showed that footfall declined by 2.9% in June, compared to the same point last year where it was down by 0.9%.

Both the high street and shopping centres were affected, with footfall declining 4.5% and 2.4% year on year respectively. However, retail parks offered a glimmer of hope for the sector, seeing a 0.1% upturn.

On a rolling three-month basis, footfall across the UK fell 2.4%. The six-month average was down 1.3%, while the 12-month average was down 1.7%.

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