Insights
- December 2023 saw a marked decline in UK's retail footfall, with a 5 per cent year-on-year drop.
- High streets reported a 4.2 per cent decrease, retail parks 4.8 per cent, and shopping centres faced the largest fall at 7.4 per cent.
- Scotland experienced the smallest decline at 2.2 per cent, while England and Wales both saw a 5.8 per cent drop.
UK’s retail sector saw a noticeable decrease in footfall in December 2023, marking a steeper decline compared to November, according to the latest data from British Retail Consortium (BRC) -Sensormatic IQ. Overall, retail footfall across the UK fell by 5 per cent year-on-year (YoY) in December, a significant downturn from the 0.7 per cent decline observed in November.
High street footfall saw a 4.2 per cent decrease YoY in December, worsening from a 1.7 per cent drop in November. Retail parks also faced a decline, with footfall down by 4.8 per cent YoY in December, a sharper fall compared to the 1 per cent decrease recorded in November.
Shopping centres were the most affected, experiencing the largest decrease in footfall. In December, footfall in shopping centres decreased by 7.4 per cent YoY, a considerable decline from the 2.2 per cent drop seen in November, as per BRC.
December 2023 saw a marked decline in UK's retail footfall, with a 5 per cent year-on-year drop.
High streets reported a 4.2 per cent decrease, retail parks 4.8 per cent, and shopping centres faced the largest fall at 7.4 per cent.
Scotland experienced the smallest decline at 2.2 per cent, while England and Wales both saw a 5.8 per cent drop.
Among the UK nations, the footfall decline was least pronounced in Scotland, with a 2.2 per cent drop YoY. Northern Ireland followed with a 4.7 per cent decrease. England and Wales both experienced a more significant decline in footfall, each recording a 5.8 per cent drop YoY.
Fibre2Fashion News Desk (DP)
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