Footfall increases marginally as city centre workers return to office

Footfall across UK retail destinations rose marginally by +0.8% last week from the week before as performance was boosted by the return of office workers in city centres, according to the latest data from Springboard. The rise in footfall of +1.6% in high streets from the week before was predominantly due to a bounce back on Wednesday of +10%, in response to a low comparable of -15% in the week before last. Excluding Wednesday, footfall last week was flat from the week prior. Springboard said that “all signs are pointing to an increased level of cautiousness amongst consumers”. It added that whilst there were marginal rises in footfall during weekdays, on Saturday - the peak trading day of the week, which has also increased in significance since the pandemic - footfall declined across all three key destination types. Despite the caution, the +3.3% rise in footfall in large city centres across the UK and a +4.4% increase in Central London, suggests an increase in office versus home working last week. Springboard said this is “particularly the case” as it occurred alongside a drop in footfall of -0.8% in Greater London and a +1.4% rise in market towns, which have both benefited from home working since the start of the pandemic. Despite the modest performance last week, footfall last week was +6.7% higher than in 2021, an improvement from the +5.1% in the previous week. The gap from the 2019 footfall level also narrowed to -9.2% from -10.8% in the week before last. Diane Wehrle, Insights director at Springboard, said: “Footfall across UK retail destinations strengthened marginally last week from the week before, however, this stronger performance was the result of a bounce back in footfall on Wednesday, when it had plummeted in the week before last due to rain. “Excluding this one day, footfall was flat from the week before, a strong indicator of the cautiousness of consumers in the light of the current economic challenges. This cautiousness is particularly apparent in a drop in footfall across all three key destination types on Saturday, the peak trading day of the week.” She added: “Whilst consumers are clearly being cautious, the signs pointed to employees gravitating into their offices last week. Footfall in larger cities across the UK rose by twice the high street average, with an even greater uplift in Central London whilst in market towns and Greater London - which have become strong indicators of the extent of home working - footfall was weaker. “The increase in office working last week will have supported footfall across the UK, and in both high streets and shopping centres it rose in six of the ten UK geographies last week. In contrast, in retail parks - which are further away from office locations - footfall declined in all but one area of the UK.The bounce back in footfall on Wednesday meant that footfall strengthened from 2021 across all three key destination types last week, and the gap from the 2019 level narrowed.”

Footfall increases marginally as city centre workers return to office

The gap from the 2019 footfall level also narrowed to -9.2% from -10.8% in the week before last

Check out our free weekly podcast

Read Next

Shoe Zone halves profit guidance and warns of store closures

Walgreens takeover bid could trigger Boots auction

Pepco Group suffers £675m Poundland hit

Frasers lowers profit guidance as H1 sales fall 8.4%

Chancellor admits NI rise won’t be ‘easy’ for businesses

Shoe Zone halves profit guidance and warns of store closures

Walgreens takeover bid could trigger Boots auction

Pepco Group suffers £675m Poundland hit

Frasers lowers profit guidance as H1 sales fall 8.4%

Chancellor admits NI rise won’t be ‘easy’ for businesses

Today’s news in brief-20/12/24

Abaci selects London Designer Outlet for first UK store

Network Rail retail sales rise 10% to £233m in Q2

Retail sales fall short of expectations in November

FCA approves N Brown’s £191m takeover

Boohoo bans journalists from boardroom battle with Mike Ashley

Check out our free weekly podcast

Read Next

Shoe Zone halves profit guidance and warns of store closures

Walgreens takeover bid could trigger Boots auction

Pepco Group suffers £675m Poundland hit

Frasers lowers profit guidance as H1 sales fall 8.4%

Chancellor admits NI rise won’t be ‘easy’ for businesses

Related Articles

Today’s news in brief-20/12/24

Abaci selects London Designer Outlet for first UK store

Network Rail retail sales rise 10% to £233m in Q2

Retail sales fall short of expectations in November

FCA approves N Brown’s £191m takeover

Boohoo bans journalists from boardroom battle with Mike Ashley