Report Excerpt
Helen Dickinson OBE | Chief Executive | British Retail Consortium
Andy Sumpter | Retail Consultant – EMEA | Sensormatic Solutions
“An early, high-performing Easter helped put a spring in shoppers’ steps and this, combined with a boost from Mother’s Day and ambient store visits from school holidays, drove up shopper traffic numbers in March to improve on what was a rather muted footfall performance in February. While retailers will have welcomed the seasonal uplift in store visits last month, the choppy nature of footfall recovery we’ve seen over the past few months indicates that consumer confidence is yet to fully turn a corner, meaning we may see a bumpy recovery in shopper traffic in the months ahead.”
Overview
In March, footfall traffic declined by 1.3% year-on-year (YoY) which showed slight improvement from February albeit a continuation of the downward trend starting in March 2023. This decline reflected shifts in consumer behaviour, stemming from poor weather and the ongoing cost-of-living crisis, affecting spending habits with Mother’s Day and Easter proving not enough to shake off the lowly footfall figures. This reflects the current challenges retail footfall is facing.