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UK retail footfall drops 2.6% as heatwave slows shopping recovery

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Wet start to April dampens retail footfall

Wet start to April dampens retail footfall

On this episode of Talking Shop, we're joined by Dan Cate, CEO and Founder of SoldThrough. Dan is a heavyweight retail executive who has spent decades steering the merchandising and digital operations of America’s most iconic retail institutions, from Saks Fifth Avenue and Bloomingdale’s to Century 21 and Lord & Taylor. Today, through his platform SoldThrough, Dan helps international fashion brands cross the Atlantic and crack the notoriously brutal U.S. retail landscape. We break down his journey from the shop floor to the C-suite, the operational indicators that prove a brand is truly ready for international expansion, and how to navigate a fragmented American market without destroying your margins. We also discuss how to balance localised inventory with central efficiency, and the one non-negotiable metric that tells you a product has found genuine market fit.

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Footfall in April decreased by 3.3%, which is a significant decline compared to the 1.6% increase seen the previous year.

New data from retail intelligence firm Springboard revealed that there has been no growth in footfall for any UK region for two consecutive months. Most regions saw a slower rate of decline, with the most notable being Wales at 1.5% and Greater London at 2.4%.

The national town centre vacancy rate was 9.2% in April 2018, up from 8.9% in January 2018. All regions saw an increase in the vacancy rate, except Greater London, where the rate dropped to 3.6% from 5.6% in January 2018.

Diane Wehrle, Springboard marketing and insights director, said: “Much could be made of the adverse impact on April’s footfall of Easter shifting to March, but even looking at March and April together – so smoothing this out – still demonstrates that footfall has plummeted.

“A 3.3% drp in April, following on from 6% in March, resulted in an unprecedented drop of 4.8% over the two months. Not since the depths of recession in 2009, has footfall over March and April declined to such a degree, and even then the drop was less severe at 3.8%.”

Helen Dickinson, CEO of the British Retail Consortium, said :“A wet start to April had a dampening effect on visits across the UK’s shopping locations adding to the long term downward in footfall resulting from changing consumer behaviour.

“That shift in the way we shop, coupled with a highly challenging business environment, is having a significant impact on the nation’s high streets: in April nearly 1 in 10 shops in town centres was vacant.”

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Northern Ireland suffers most from UK retail struggles

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