Bulletin

Shoppers avoid declining high street and take car to out-of-town malls

The British Retail Consortium and Springboard have released data showing shoppers continued to abandon high streets and shopping centres last month, with footfall down 1.6% and 2.6% respectively. However, trips to out-of-town locations increased by 1.5% compared with the same time a year ago. The BRC said the rise was a sign of 'strong' consumer confidence, as it suggested that more shoppers were happy to spend more heavily on big-ticket items, such as furniture. Out-of-town malls also benefitted from more click-and-collect customers, with customers seemingly attracted by an abundance of free parking spaces. Regional variations in the figures showed London and the East experienced a 1% increase in footfall, which contrasted with a 4.6% drop in Wales and a 3% fall in Scotland, its first decline since June last year. Online sales of non-food products rose 11.7% last month as people searched for bargains in the sales. It was also revealed that one in ten shops are empty in town centres, a figure that has remained steady for the last couple of years, but Springboard retail insights director Diane Wehrle is wary that the number could increase as a large number of retail leases are due to expire over 2014.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

 

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

The UK’s aerospace industry is the focus of our second quarterly bulletin in partnership with EEF, the manufacturer’s organisation. We take…

Where Next?