Retail destination footfall down as more "diverse" High Streets benefit

Covering the four weeks 29 January - 25 February 2017, footfall in February was 1.0 per cent down on a year ago, which is lower than the three-month average of 0.8 per cent, but slightly above the twelve-month average of -1.1 per cent.

High Street footfall rose 0.1 per cent in February on the previous year’s rate of -2.9 per cent. This is the same rate as the three-month average of 0.1 per cent.

Footfall in Retail Park locations fell 1.6 per cent in February, compared to a 2.5 per cent increase in February 2016. This is an acceleration on January’s fall of 0.4 per cent and below the three-month average of -0.9 per cent.

Footfall in Shopping Centres fell 2.6 per cent in February on the -0.6 equivalent rate in the same month of 2016. This is marginally below the three-month average of -2.4 per cent.

British Retail Consortium chief executive Helen Dickinson said: "Visits to retail destinations fell by 1 per cent in February, which marks little change to what has been a familiar story over the past few years. Although, given the disappointing in-store sales so far in 2017, the decline in footfall last month is unsurprising.

"On closer inspection, there has been a steeper drop than normal in retail parks, with footfall to this shopping destination falling at the fastest rate since November 2013. In comparison, footfall on the high-street grew marginally, likely driven by its diverse offer.

"The modest relief fund for business rates announced in the Budget will hopefully go some way to helping those shops hardest hit, albeit only temporarily. It won’t however ease the burden for the majority of retailers who will continue to pay nearly a half of rental values in property tax. A business tax system that continues to curtail investment in bricks and mortar is at odds with an industry that desperately wants to invest in order to maintain local jobs and build more experience and engagement with shoppers to attract them into their stores."

Springboard marketing and insights director Diane Wehrle said: "Footfall in February was a tale of two halves. Whilst footfall improved slightly with a drop of -1.0 per cent compared to -1.3 per cent in January however, this decline is not reflective of the stabilisation of consumer behaviour. 

"Increasing uncertainty arising from the imminent triggering of Article 50 has certainly started to have an impact on purchasing behaviour, the types of destinations shoppers are visiting and how they spend their money. High Streets are clearly benefiting as the destination of choice for dining and leisure, whilst shopping centres continue to underperform as they struggle with a weak entertainment and leisure offer, coupled with increasing caution amongst consumers around retail spend.  

"Retail parks experienced their biggest drop in footfall (-1.6 per cent) since November 2013 as spend on furniture and household items – traditionally a significant footfall driver for retail parks – weakened slightly in February. High Streets now have the opportunity to further promote their offer and pull in visitors to shop and dine."


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

What new vegetables will gardeners be growing in 2018?

What new vegetables will gardeners be growing in 2018?

Next year is Fleuroselect year of the chilli pepper and Thompson & Morgan and Mr Fothergill's have ranges around the hot vegetable, with a new way of promoting sales.

Garden centre building: what's going up?

Garden centre building: what's going up?

After a lull in new builds, 2018 could see a slight resurgence in garden centres being erected.

Retail seed: crowded market for 2018

Retail seed: crowded market for 2018

Thompson & Morgan is refocusing on the garden centre seed market, hoping to win back business from Mr Fothergill's, which has expanded during T&M's long sale process.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles