Britons were keen to get back onto the high street when lockdown ended but, according to retail analyst, Springboard, footfall is still 30 per cent down on the same period last year. The marketing director of Springboard, Diane Wehrle, said: ‘Part of this is timing – the proximity to Christmas means there is huge pent
Footfall is still down but consumers have cash to splash Read More »
According to figures released under the Freedom of Information Act (FOI), 15.9% of all shops and retail outlets in the UK now lie empty
As an incentive for people to shop in person and for online retailers to lease physical stores, international property firm Colliers International suggests that the government should create a two-tiered VAT system where shoppers would be charged 15% for purchases in stores and 22.5% for online transactions. Meanwhie, Tesco chief executive David Lewis has again
A survey by the Nottingham Building Society has revealed that 46% of shop owners blame the closure of local bank branches in the last three years for damaging their businesses, while 24% said it contributed to them going out of business within the last five years. Retailers are also being hit by lower footfall, with
June’s good weather resulted in a marginal year-on-year improvement in footfall across the nation’s high streets, delivering the second month of consecutive growth since November 2017. However, retail parks and shopping centres have had ‘an altogether more difficult time’. The overall trend of fewer visits to bricks and mortar stores remains, said British Retail Consortium
Retail news round-up: Footfall and sales; Boost for NEC; John Lewis ‘pilot stores’ Read More »
Alan Monahan writes: Of late, to borrow a line from The Fast Show, I’ve been mostly watching the World Cup … in my study, while working at the same time of course. Yes, contrary to popular belief, men are more than capable of multi-tasking, especially where sport is involved. Such acts of decadence are among
Retail Reflections: World Cup fever; sales, footfall and staying relevant Read More »
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