UK's retail footfall down 13.3% Yo3Y in November 2022: BRC

05 Dec 22 2 min read

UK’s total retail footfall went down by 13.3 per cent year over three years (Yo3Y) in November, a decline of 1.5 percentage points from October 2022, according to British Retail Consortium (BRC)-Sensormatic IQ monitor. This is more than the 3-month average decline of 11.5 per cent. On a YoY basis, the country’s total footfall increased by 3.7 per cent.

UK’s high streets footfall declined by 13.6 per cent Yo3Y in November, 2 percentage points worse than last month's rate, and worse than the 3-month average decline of 12.3 per cent.

The country’s retail parks saw a decrease in footfall by 4.2 per cent Yo3Y, 0.5 percentage points worse than last month's rate and worse than the 3-month average decline of 2.7 per cent.

Advertisement

Shopping centres’ footfall declined by 23.2 per cent Yo3Y, 1.4 percentage points worse than last month's rate and worse than the 3-month average decline of 22.6 per cent.

Northern Ireland saw the shallowest retail footfall decline of all regions at minus 7 per cent, followed by Scotland at a negative of 15 per cent, and England at minus 15.4 per cent. Wales saw the steepest decline at a negative of 16.2 per cent.

Helen Dickinson OBE, chief executive of the BRC, said: “Footfall took another stumble as the cost-of-living crisis put off some consumers from visiting the shops in November. Others opted to stay home due to the scattering of rail strikes, or chose the World Cup over shopping visits. Many big cities were particularly hard hit, with Birmingham, Bristol, and Manchester all seeing the biggest drops in footfall since January.

“Rising inflation and low consumer confidence continue to dampen spending expectations in the run up to Christmas. Despite retailers doing their best to keep prices as low as possible for their customers, financial concerns are trumping spending for many households. But, with three more weeks to Christmas, retailers hope that the festive spirit may still give a welcome boost to both footfall and retail sales.”

Fibre2Fashion News Desk (DP)

Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.