2020 was a turbulent year in which much of retail bounced between being open and closed, impacting footfall significantly. To make meaningful comparisons to changes in footfall, all 2021 figures are compared with 2019 (pre-pandemic). This means our 2021 figures are now year-on-two-years (Yo2Y), rather than year-on-year (YoY). According to WRC-Sensormatic IQ data: Welsh footfall […]
2020 was a turbulent year in which much of retail bounced between being open and closed, impacting footfall significantly. To make meaningful comparisons to changes in footfall, all 2021 figures are compared with 2019 (pre-pandemic). This means our 2021 figures are now year-on-two-years (Yo2Y), rather than year-on-year (YoY). According to BRC-Sensormatic IQ data: As stores […]
The boom in ecommerce has led to a growth in the trend of basket abandonment, with homewares, fashion and electronics retailers most affected High delivery costs (37%), cyber window shopping (2%) and lengthy authentication processes (24%) are the key drivers of dropouts Retailers have seen an improvement in converting sales by: investing in an app […]
In the first quarter of 2021, the overall GB vacancy rate increased to 14.1%, from 13.7% in Q4 2020. It was 1.9 percentage points higher than in the same point in 2020. This marks three years of increasing vacancy rates, from Q1 2018. All locations saw an increase in vacancies in Q4, with shopping centre […]
As non-essential shops were finally allowed to reopen two weeks ago, owners were hoping for a surge in support but new research from national loyalty scheme, My VIP Card has discovered that 40% of these local businesses have actually been quieter than usual pre-pandemic trading as over half (51%) of shoppers are reluctant to return […]
Period Covered: 01 – 09 April 2021 Shop Prices fell by 1.3% in April, a slower decline than the 2.4% decrease seen in March. This is above the 12- and 6-month average price decreases of 1.8% and 2.0%, respectively. Non-Food deflation slowed significantly to 1.7% in April, compared to a decline of 4.0% in March. […]
The reopening of non-essential stores has seen shoppers flocking back to the high street. Footfall soared over 90% during the first week that non-essential stores reopened. However, the home delivery expert ParcelHero is warning that the High Street may never return to its 2019 pre-pandemic peak. It has launched a new report revealing how dramatically […]
Office for National Statistics (ONS) retail sales figures for March reveal the value of online sales boomed by 62% against the same month last year, which was the first-ever lockdown month. The home delivery expert ParcelHero says shoppers decided not to wait for the reopening of stores in April and continued to splash the cash […]
Retail sales volume in March increased by 5.4% when compared with the previous month and sales were 1.6% higher than February 2020 before the impact of the coronavirus pandemic hit. Food sales saw monthly growth of 2.5% with a boost for specialist food stores as consumers prepared for the Easter period. Non-food stores provided the […]
The UK government has responded to coronavirus-conscious spending habits by further increasing the regulatory limit on contactless card payments from £45 to £100 and the multiple transaction limit from £130 to £300. While supporting end user convenience and providing a much-needed boost to a struggling high street this has, in effect, removed a vital personal […]
