Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Sun and strikes deter high street shoppers

by September 2, 2022
September 2, 2022
Sun and strikes deter high street shoppers

Visits to the high street remained 13.6 per cent below pre-pandemic levels last month as hot weather and rail strikes took their toll.

However, August did represent an improvement of 2.3 percentage points from July, according to the British Retail Consortium, which compiled the data.

The industry body hailed a “modest” recovery from pandemic lows. Total customer numbers throughout the UK — including in retail parks, shopping centres and high streets — were down by 12.4 per cent last month on 2019 levels, a rise of 1.8 percentage points on July. This was worse than the three-month average decline of 12.3 per cent.

England reported the shallowest decline of the UK nations of 11.2 per cent, followed by Northern Ireland at 11.5 per cent and Wales at 13.1 per cent. Scotland again suffered the steepest decline, of 14.8 per cent, despite the Edinburgh festival boosting trade.

Helen Dickinson, the consortium’s chief executive, said rising inflation had deterred spending. “While footfall in August continued its modest recovery towards pre-pandemic levels, the rate of improvement slowed,” she said. “Many people are concerned about the rising cost of living and the price of their energy bills, which has kept them away from high streets and town centres.”

She called on the next prime minister to freeze the business rates multiplier next year to prevent inflation leading to higher prices for customers.

Andy Sumpter, a retail consultant for Sensormatic Solutions, said the heatwave and train strikes had “cooled shopper numbers for periods during the month”. He said retailers would be looking ahead to autumn and Christmas trading “with an air of caution as the cost of living crisis continues to play out”.

Diane Wehrle, marketing and insights director at Springboard, which also provides monthly insights on UK retail numbers, said that “many consumers took a much-longed-for and deferred summer holiday during August . . . creating what might be seen as the ‘last hurrah’ before the rise in the energy price cap kicks in during October”.

Springboard expects “the traditional dip in footfall from August to September as schools go back”, having reported a downturn during this period every year since it started publishing its data in 2009. It is anticipating a drop at least equal to or greater than the fall of 3.3 per cent recorded in 2019.

Read more:
Sun and strikes deter high street shoppers

0
FacebookTwitterGoogle +Pinterest
previous post
HMRC issues winding up petition against PPE firm linked to Tory peer Mone
next post
We won’t pay, insist 1.7m planning to stop energy direct debits

You may also like

Miliband refuses to reveal his personal view on...

February 7, 2025

GMB calls for government to prioritise union-friendly firms...

September 23, 2024

CBI survives confidence vote after sexual misconduct allegations

June 7, 2023

Reed Hastings, co-founder of Netflix, steps down

January 20, 2023

Car finance crisis set to cost billions and...

December 9, 2024

Female entrepreneurs to add £250b to the economy...

June 7, 2023

Rupert Murdoch: A Titan of UK Media and...

September 21, 2023

Selling Your Business: A Quick Checklist

November 15, 2022

Securing Remote Workforces: Tools and Strategies for Online...

October 10, 2024

Chaos at European ports as trade war leaves...

April 13, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • House Tax Bill Doesn’t Kill Green New Deal Subsidies Fast Enough

      May 15, 2025
    • UAE’s president bestows highest civilian honor on Trump

      May 15, 2025
    • US military would be unleashed on enemy drones on the homeland if bipartisan bill passes

      May 15, 2025
    • House Dems open investigation into Trump’s acceptance of $400 million jet from Qatar

      May 15, 2025
    • Wagyu Farmer in Congress Wants Tariffs on Australian Wagyu

      May 15, 2025
    • Young Americans Like Socialism Too Much—That’s a Problem Libertarians Must Fix

      May 15, 2025

    Categories

    • Business (7,968)
    • Investing (1,963)
    • Politics (15,235)
    • Stocks (3,084)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved