The ongoing cost-of-living crisis is going to cause a “challenging run-up to Christmas” for retailers, with month-to-month footfall forecasted to decline in September, October and November, according to Springboard’s Christmas retail forecast. Retail intelligence experts Springboard forecast that all UK households will “feel the pinch" due to...
26 Sept 2022
A new report by the British Independent Retailers Association (Bira) has found that almost 88 percent of its members, made up of independent retailers, feel as though they are being forced to raise their prices once the anticipated jump in energy price comes into effect this autumn. The report is the result of a survey conducted by the...
26 Aug 2022
Next saw stronger than expected sales in 2022, raising its outlook for the year to 860 million pounds, an increase of 4,5 percent over 2021 and 10 million pounds over previous forecasts. Despite the stellar revenue, the company said it will also raise prices from Q3 by approximately 8 percent. Even as a shrinking high street gives Next a...
7 Aug 2022
With Transport for London (TFL) urging commuters to only travel if necessary, the soaring temperatures are having a dampening effect on the high street in the capital and across the country. The Met Office has issued its first ever red warning for high heat for parts of the UK, including London, with temperatures forecast to reach 40 degrees....
18 Jul 2022
New data tracking the UK’s retail sales shows the high street is at its lowest growth since the pandemic. Figures from BDO’s High Street Sales Tracker show like for like sales increased by 8.4 percent in June, the lowest since February 2021. Footfall was down 10.5 percent in June compared to three years previously, with soaring inflation,...
12 Jul 2022
All the visitors and interest brought by the May Bank Holiday and Queen’s Platinum Jubilee, retail footfall between May 29th and July 2nd remains below 2019 levels. Data released by Sprinboard show footfall improved just one percent in June compared to ‘may, but was still -12.3 percent over 2019. This compares to -14.9 percent less high street...
7 Jul 2022
The Platinum Jubilee of Queen Elizabeth II brought a surge in visitors to cities and towns across the UK, as the nation celebrated the 70th anniversary of her accession. Springboard’s Jubilee weekend footfall figures show footfall was up 17.7 percent over the Bank Holiday weekend compared to the previous week. High streets performed...
7 Jun 2022
Clearpay has announced that it has made its in-store payment option available to small and medium sized businesses (SMBs) across the UK in order to support in driving more footfall and sales. The ‘Buy Now, Pay Later’ provider began offering its ‘pay in 4’ service to large merchants back in November 2021, allowing customers to opt for flexible...
27 May 2022
With a mini ‘heatwave’ expected to blaze across the UK over the Easter holiday, footfall will be buoyed by the good weather and the first Easter without restrictions in two years. For the UK’s high street the holiday weekend looks especially rosy, with a 6 percent rise in footfall expected on Good Friday, 17 percent rise on Easter Saturday and 5...
14 Apr 2022
In a bid to save Scotland’s “struggling” high streets, the Scottish Retail Consortium (SRC) is calling on the region’s MSPs to take action on challenges faced by local retailers. Outlined in a submission to the Scottish Parliament’s Economy and Fair Work Committee, the organisation has established five priorities it suggested the government...
17 Mar 2022
Debenhams’ former high street stores are yet to see new life as they remain empty and unused. A report by the Local Data Company, cited by the Guardian, said 90 percent of Debenhams stores are still vacant, nearly one year after the company ceased trading. At its height Debenhams operated 150 stores, but after its collapse the brand was bought...
Spanish high street retailer Mango has seen profits soar to the highest level in almost a decade as its turnover neared record 2019 levels. The company reported growth of 21.3 percent to 2.234 billion euros, with online sales accounting for 42 percent of turnover. Profits rose to 67 million euros, trebled from the 21 million euros it saw in...
10 Mar 2022
This site uses cookies to deliver its services, to personalise ads and to analyse traffic. If you continue browsing the site, you agree to our use of cookies.