Shopping centre revival fuels rise in UK shopping visits – survey

by | Mar 15, 2021

Weekly retail footfall in the UK rose 7%, suggesting pent-up demand among shoppers during the third Covid-19 lockdown, a survey showed.

Footfall rose on five days in the week to 13 March, led by shopping centres, Springboard said.

Visits to shopping centres rose 9.8% compared with 6.9% for retail parks and 5.7% for high streets. Shopping centres have been the hardest-hit of the three venues during the pandemic because of fewer food stores and their more confined space.

Overall the increase was the seventh in the past eight weeks, indicating a rising desire to shop with non-essential stores closed. The government is aiming to let all shops reopen on 12 April.

English shoppers were behind the national increase with an 8% gain compared with declines of less than 2% in each of Wales, Scotland and Northern Ireland.

Diana Wehrle, Springboard’s insights director, said: “With non-essential stores still closed, the steady increase in visits to high streets and shopping centres delivers further evidence of the degree of pent-up demand amongst consumers to return to stores.”

Central London footfall rose 14.3%, the biggest gain in the survey, but the city’s footfall was still 78% down on a year earlier, reflecting the hammering London’s retailers have suffered.

Cities excluding London rose 2.3% on average. All types of town and city had an increase except coastal towns, which dropped 7.9%.

Shares of Hammerson, which owns shopping centres such as Brent Cross in London and Birmingham’s Bullring, rose 6.7% to 37.3p at 12:06 GMT.

Related articles

Aldi and Lidl win UK Christmas battle

Aldi and Lidl win UK Christmas battle

(Sharecast News) - German discounters Aldi and Lidl performed best in December, according to data from retail expert Kantar, which said a record £13.7bn was spent at British supermarkets over the four weeks ended 24 December. Kantar recorded Lidl's sales growth at...

UK house prices fall 1.8% YoY in December – Nationwide

UK house prices fall 1.8% YoY in December – Nationwide

(Sharecast News) - UK house prices fell by a higher-than-expected 1.8% year on year in December, mortgage lender Nationwide said on Friday, as higher borrowing costs and deposit requirements deterred buyers. Expectations were for a 1.4% fall. Prices remained flat on a...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x