UK retail footfall rises just 1.3% week-on-week
UK retail footfall rose just 1.3% week-on-week in the seven ended 12 November, indicating "consumer nervousness" in the midst of the cost of living crisis and rising interest rates.
According to retail experts Springboard, retail footfall dropped on Sunday and Monday, down an average of 9.4%, but rose 1.9% between Tuesday and Friday. Footfall rose by 5% on Wednesday, indicating that it was Britons' preferred day to head into the office.
Footfall rose by 2.1% in high streets, 0.9% in shopping centres and remained flat from the week before in retail parks.
Wales recorded a decline of 2.6% in high streets and 14.6% in shopping centres, while Northern Ireland had a 10.7% drop in high street footfall.
Overall footfall was said to be just 5% above 2021's level, while the gap from 2019 widened to -11.1% from -9.8% in the week before last.
Reporting by Iain Gilbert at Sharecast.com