Shopping Centre Footfall Performance - June 2014
Published: 24 July, 2014
Springboard’s Shopping Centre Index recorded a rise in footfall of +1 per cent over the month from May to June, but it wasn’t enough to deliver an annual increase, and footfall dropped from June 2013 by -1.2 per cent.
This is the fifth month in a row in which footfall in shopping centres is lower than the year before, but it is a better result than June 2013 when footfall dropped annually by -3 per cent. The positive news is that performance seems to be bottoming out, as the average decline in footfall for the year to date of -0.7 per cent is a substantial improvement on the same six month period last year when footfall dropped by an average of -2.8 per cent. This may well be a reflection of the annual drop in food sales in June recorded by the KPMG-BRC Sales Monitor, and the fact that clothing improved its position in the ranking of products sold to 1st place from 2nd place in June 2013.
Despite this, however, the fact that does not augur well for the long term is that shopping centres continue to lose out to retail parks, which recorded an increase in footfall in June for the sixth month in a row of +2.4 per cent. And this is compounded by the fact that it is the three UK regions with the greatest density of population and spend - Greater London, the South East and the West Midlands - that recorded the least positive results with an average drop of -3.7 per cent (the -5.1 per cent drop in Greater London was the largest of any region).