UK retailers buoyed by hospitality halo effect as Brits hit pubs and restaurants
UK retailers received a much needed boost on Saturday and Sunday as hospitality venues had their first weekend fully reopened, following months of dealing with coronavirus restrictions and closures, research by Sensormatic Solutions shows.
Based on its footfall index, which captures 40 billion shopper visits each year, Sensormatic’s data revealed that UK traffic saw a lift over the weekend across retail parks (+5.3%), shopping centres (+4.9%) and high streets (+2.7%) compared to the weekend prior.
Saturday’s figures showed the biggest jump, with shopping centre footfall up +5.9% week-on-week and high street shopper traffic rising to +3.8% on the week before. Retail parks also saw a +8.6% spike in footfall on Saturday.
According to VoucherCodes and the Centre for Retail Research, Brits spent an estimated £1.2 billion on going out this weekend, as 46.6 million consumers took advantage of their new found freedoms and descended on the likes of pubs and restaurants.
Andy Sumpter, Sensormatic’s Retail Consultant for EMEA, comments: “Hospitality and the high street have always enjoyed a symbiotic relationship, so retailers will be hoping the welcomed boost to footfall continues and that demand is sustained.”
“However, while signs of footfall’s recovery are encouraging, it’s important to remember shopper counts remain almost a third (-27.3%) down on pre-pandemic levels, so it will be very much a marathon, rather than a sprint, in sustaining this recovery,” he adds.
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