Retail & Wholesale

Tube strike blow for London retailers

Last month's London Underground strike caused further difficulties for retailers in the capital who were already suffering from reduced footfall, according to Ipsos Retail Performance. The number of shoppers in London and the suburbs fell 9.5% in the first week of August when travel in the capital was disrupted by a 24-hour Tube strike. Meanwhile shopper numbers at over 4,000 non-food retailers nationwide fell by 5.4% in August, compared to the same month a year ago. Tim Denison, director of retail intelligence at Ipsos, said he did not think the figures signalled an underlying trend in the sector. 'We view August's footfall decline simply as a blip that should not be repeated in September,' he said.


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

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?