U.K. Retail Footfall Continued to Egde Lower in January

Date : 02/11/2019 @ 12:30AM
Source : Dow Jones News

U.K. Retail Footfall Continued to Egde Lower in January

--Footfall at U.K. retail stores was down 0.7% in January, from a 1.6% drop in January 2018

--Vacancies rose to 9.9% last month, from 8.9% in January 2018

--Rising online sales prompt fewer visits to physical stores

 
   By Will Horner 
 

British stores saw a 0.7% decline in footfall last month, an industry group said, as the nation's brick-and-mortar retailers continued to struggle under the pressure of growing online sales.

It was the fourteenth month of consecutive declines, the data recorded by the British Retail Consortium and retail-performance analyst Springboard showed, with effects felt most in shopping centers and on high streets.

The drop was less than the 1.6% fall seen in the previous year, but Diane Wehrle, Springboard's marketing and insights director, cautioned that longer-than-normal school holidays in the first week of January explained the slowing decline.

Town-center vacancies also rose, the data showed, reaching 9.9% last month compared with 8.9% in January 2018.

Helen Dickinson, chief executive of the British Retail Consortium said the data reflected the pressures shops are facing from changing spending habits.

"Retail is undergoing a seismic shift, with technology changing the way we shop. Consumers are making fewer visits to physical stores, choosing to research and pay for a greater proportion of their purchases online," she said.

 

Write to Will Horner at william.horner@wsj.com; @willhorner

 

(END) Dow Jones Newswires

February 10, 2019 19:15 ET (00:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20190522 16:46:10