UK High Street on the up but issues remain, BRC
UK High Street footfall increased in March, at 1.4%, compared to the previous year when it fell by 6%, according to the British Retail Consortium (BRC) and Springboard
This was heavily influenced by the weather. While shoppers in 2018 were contending with the ‘Beast from the East’, this March has been mild by comparison. Unfortunately, the higher footfall has not translated into higher spending
“Our data also showed that shopping centres continue to suffer, with 24 consecutive months of decline in footfall. It is vital that all different shopping locations are fit for the future, offering the mix of retail and experience-led opportunities that generate the necessary footfall to succeed,” says Helen Dickinson, Chief Executive, BRC.
“Furthermore, Government can support this transformation by reforming the outdated business system which holds back firms from investing in physical space.”