Springboard news and archive

Springboard publishes annual UK retail review 2022

Retail experts Springboard’s annual retail review for 2022 shows a slow but steady recovery for the UK’s retail landscape. While footfall in 2022 remained 14.2 percent under 2019 levels, January 2023 has already shown some days to have reached the same trading peaks as during pre-pandemic times. Springboard said the recovery in footfall in UK...

25 Jan 2023

Retail

Retail boosted by “resilient” December footfall

Retailers received a boost in December with footfall increasing 5.8 percent from November, with a 9.9 percent uplift compared to 2021 despite the cost-of-living crisis, according to Springboard’s monthly footfall insights. It also added that the gap to 2019 pre-pandemic levels also narrowed, with December footfall levels 10.9 percent below 2019...

5 Jan 2023

Retail

Post Christmas footfall drops -27.7 percent compared to previous week

In what proved to be a mixed Christmas season, footfall in the week following the holidays were down -27.7 percent compared to the week leading up to Christmas Day. Boxing Day, however, drew plenty of shoppers, with data from Springboard showing footfall on average to be 38.8 percent higher, yet lower when compared to 2019 levels by -19.7...

2 Jan 2023

Retail

Cold weather keeps Christmas shoppers at home

With just one week to go until Christmas, UK consumers largely shopped from home last week as cold weather and retail strikes severely hit high street retailers. Pre-Christmas footfall plummeted 10.2 percent according to the latest figures from Springboard, and down 20.1 percent compared to 2019. Shopping centres saw a slight increase of 1.6...

19 Dec 2022

Retail

UK retailers boosted by Black Friday footfall

The Black Friday bonanza expected by retailers saw a significant uptick in footfall according to data from retail experts Springboard. The high street and retail parks were popular (11.3 percent and 7.1 percent respectively) but shopping centres saw the biggest rise in footfall with 16.8 percent. The shopping event, which has expanded from the...

28 Nov 2022

Retail

Black Friday footfall in UK expected to be 12.8 percent higher this year

UK retailers could be in stall for a jump in footfall this year despite the cost-of-living crisis. Footfall is expected to be 12.8 percent above last year’s levels across all UK retail destinations, according to figures from Springboard. It comes as shoppers are expected to seek out high discounts to offset soaring inflation. Despite that jump,...

21 Nov 2022

Retail

In the run-up to Christmas, cautious consumers are keeping footfall below expectations

As the UK awaits the Government’s Autumn Budget update on Thursday, the expected tax rises and spending cuts are keeping shoppers at bay. New data released by retail experts Springboard, show footfall rose by just 1.3 percent across UK retail destinations last week, despite the run-up to Christmas expected to improve trading conditions. Footfall...

14 Nov 2022

Retail

October saw shoppers return to the high street

Springboard’s October footfall insights show shoppers returned to the high street in a month that was buoyed by school half term holidays. Compared to 2019, footfall levels were down 9.8 percent, versus 12.6 percent in September and 7.8 percent higher than in 2021. It is also the first time that the gap from 2019 has been less than -10 percent...

2 Nov 2022

Retail

Footfall drops in October as cost-of-living squeezes households

Footfall across UK retail destinations declined by 2.3 percent in the week to October 22, as “consumer nervousness” continues due to the cost-of-living crisis and recent political uncertainty. According to Springboard, footfall dropped in all key shopping destinations, with the high street taking the biggest hit with a 3.3 percent decline in...

25 Oct 2022

Retail

City footfall increases as workers return to the office

A rise in office office workers is having a positive affect on footfall, which last week rose 3.3 percent in city centres as commuters and workers returned to their workplaces. In central London footfall increased 4.4 percent, while high streets across the nation saw an uptick of 1.6 percent. According to retail experts Springboard, the modest...

17 Oct 2022

Business

MRI Software acquires footfall provider Springboard

Real estate software solutions MRI Software has acquired UK-based Springboard, the leading provider of footfall counting and artificial intelligence (AI)-powered analytics for retailers, landlords, and government bodies. Founded in 2002, Springboard holds the industry’s largest and most comprehensive data set on footfall and serves more than 450...

3 Oct 2022

RetailFeatured

Cost-of-living to cause Christmas footfall to drop

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