Daily Newsletter

04 December 2023

Daily Newsletter

04 December 2023

UK retail footfall drops 0.7% YoY in November 2023

Among the UK regions, Wales reported the smallest YoY drop in footfall at 0.4%, followed by Scotland with 0.9%.

Jangoulun Singsit December 04 2023

Total retail footfall in the UK declined by 0.7% in November 2023 on a year-on-year (YoY) basis, according to data from the British Retail Consortium (BRC) and Sensormatic IQ.

Despite the fall, the figure was an improvement on a negative 5.7% in October.

During the four weeks from 29 October to 25 November 2023, high street footfall decreased by 1.7% YoY, improving from a negative 4.6% in the previous month.

Retail footfall in shopping centres dropped by 2.2% in November, an improvement on a negative 7.3% in the preceding month.

British Retail Consortium chief executive Helen Dickinson stated: “A slight uptick in consumer confidence, as well as easing inflationary pressures and more predictable weather, led to an improvement in footfall compared to the previous month.

“After a slow October start, the month-long Black Friday sales helped to get shoppers out to their town and city centres. While all parts of the UK saw footfall drop in October, both the West Midlands and Yorkshire managed positive growth in November.”

Regionally, Wales reported the smallest YoY drop in footfall at 0.4%, followed by Scotland which saw a YoY drop of 0.9%.

England recorded a YoY drop of 1.0% and Northern Ireland 4.9%.

Helen Dickinson added: “The extensive cost pressures on the retail industry over the last two years have limited investment and driven up prices at many shopping destinations.

“The Chancellor’s failure to commit to a business rates freeze in his recent Autumn Statement will inflict hundreds of millions of pounds in additional costs. This will inevitably slow the decline in inflation, as well as limiting long-term investment and limiting any upside from improvements in UK footfall.”

Luxury goods, digitalization, and personalization identified as key drivers of the duty-free retail market

Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.

Personalization - a growing trend in the online retail space

Although personalization is a theme that has been present in the retail industry for decades, it has become more prevalent and important to consumers in recent years. This increase is tied to the rise of online shopping. Personalized products are currently especially prevalent in the health & beauty sector, due to the links to the health & wellness trend, which is particularly important to young consumers.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close