Well, that was a surprise wasn’t it? All those predictions of an online surge and physical store armageddon seem to have been wrong. As I said in a post yesterday, it’s clear Black Friday weekend is still evolving. That became even clearer after some more figures today.
It’s been a roller coaster ride for UK high streets and malls in recent months what with weather woes, Brexit blues or boom, online chipping away at physical stores and lifestyle changes meaning many of us shop differently than we used to.
Two countries, two groups of consumers, two sets of figures. One similar result. Whether it’s Brexit blues or election uncertainty, it seems consumers in the UK and US just aren’t in a spending mood at the moment. At least they’re not in the mood to buy certain things.
More figures about the state of UK retailing in June. More to get depressed about. Springboard has just released its June footfall figures and they show overall visitor traffic falling 2.8%. In detail, that meant a 3.7% drop to high streets, a 1% fall to retail parks and a 2.3% drop at shopping centres.
We’ve heard some very downbeat assessments of May’s retail performance in the UK recently so what does the latest report bring? Well, the news is a bit better. According to specialist footfall tracker Springboard, overall footfall managed a 0.3% rise last month.
2016 isn’t shaping up to be a stellar year for retailers. It didn’t start well with stock markets mayhem making a lot of people nervous. But a partial recovery since then held out some hope… until retailers and luxury companies started giving us their financial results, that is. M&S clothing sales stayed anaemic, Next gave…
Weather forecasters can get it wrong. Retail forecasters can get it even more wrong. They predicted an uptick in retail footfall this Easter weekend but what we got was a drop. Not that either can be blamed as forecasting (speaking as a trend forecaster) isn’t an exact science. That’s very true when it comes to…