High street footfall declined 4.2 percent in November

The high street took a hit in November as footfall declined by -3.4 percent. November didn’t benefit from the success of Black Friday as it occurred outside of the monthly trading period.

According to Springboard, heavy rain impacted footfall in the last two weeks of the month, which saw high street footfall declined by -4.3 percent and retail park footfall decrease by -1.8 percent, in comparison to November 2018.

Diane Wehrle, Springboard Marketing and Insights Director stated in a press release: “Black Friday fell outside of the November trading period, which meant that the month didn’t see the benefit of the +3.3 percent increase in footfall from Black Friday 2018. Footfall dropped by -3.4 percent in November, and this was also partly a result of severe rainfall in the latter half of the month which meant that footfall declined by an average of -4.4 percent compared with -2.4 percent over the first two weeks.

“Whilst the heavy rain will have deterred many shoppers from making trips to retail destinations, the poor footfall in the second half of the month will have been exacerbated by the proximity of Black Friday discounts. Alerts arriving on a regular basis into consumers’ inboxes in the run up to Black Friday enabled consumers to watch the retail market easily and identify the depth and spread of discounts being offered. If they weren’t already planning on doing so, this will have led to many consumers pulling back on trips to destinations causing a spending freeze over the last two weeks of the month in anticipation of big discounts on current stock.

“The fact that the Black Friday weekend also started on payday heightened the chances of a spending spree which took place after the month had ended. This pent up demand is clearly evident from the fact that footfall in the last week of the month in shopping centres dropped by -5.2 percent, more than in high streets and retail parks. Having the greatest concentration of retailers heavily promoting discounts, it was not surprising that it was in shopping centres where footfall increased most over Black Friday.”

Photo credit: Lisa Fotios, Pexels

 

Related news

MORE NEWS

 

LATEST JOBS

 

MOST READ