UK retail footfall in March ‘steepest year-on-year fall since 2010’

BRC and Springboard have released their Footfall and Vacancies Monitor for March 2018.

The report, which covers the five weeks 25th February – 31st March, reveals that year-on-year, footfall in March decreased by 6.0%, a substantial decline compared to the positive rate of 1.3 per cent seen for March 2017, and the steepest year-on-year fall since the end of 2010.

There was no growth in Footfall for any UK regions, most notable declines (year-on-year) were seen in Greater London, -7.5%, South East, -6.5%, and in the East Midlands, -5.6%.

Growth fell in all shopping destinations: high Streets saw a decline of 8.6 per cent, retail parks of 1.8 per cent and shopping centres of 4.8 per cent.

“Whilst the prolonged period of bad weather has had an impact on shoppers visiting the high street, we are seeing a longer term trend of reduced footfall which highlights that shoppers face more choice in terms of how, where and when they shop,” said Helen Dickinson OBE, Chief Executive of BRC.

“The retail environment is changing and retailers are investing in innovation and technology adaptations in response to this. Policy-makers must also play their part with a vision for a modern business taxation system which reflects this new environment.”



About Laura Barnes 427 Articles
Founder/Publisher of UK musical instrument industry publication MI Focus.