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

Future Retirement Success

Business

City centres see boost as footfall bounces back after rail strikes

by February 14, 2023
February 14, 2023
City centres see boost as footfall bounces back after rail strikes

Footfall bounced back strongly last week as workers returned to offices after several days of rail strikes, in the latest sign of a recovery for Britain’s city centres.

A central London “back to the office” benchmark by Springboard, which tracks activity at office hotspots, shows that footfall rose by 36.4 per cent in the seven days to February 11, compared with the same week last year, although it is still 19.5 per cent lower than pre-pandemic levels.

Week-on-week footfall in London was up by 5 per cent as workers returned after strikes on February 1 and 3, which disrupted commuter rail services, including Thameslink, Southeastern and Southern. Cities in the regions also benefited, with annual footfall up by 19 per cent.

Diane Wehrle, insights director at MRI Springboard, said: “Last week was clearly a week when consumers returned to high streets following train strikes in the week before last.”

She said that on an annual basis, “by far the greatest recovery in footfall from 2022 occurred in large city centres, most probably driven by employees returning to their offices, whilst there were far more modest year-on- year increases in smaller high streets”.

Town centres have taken a battering in the past few years as a result of the pandemic and more recently the cost of living crunch, with many shops and services forced to close during lockdowns and growing numbers of stores going out of business as a result of the pandemic.

Hybrid working has been hard-wired into the lives of millions of people, who seem in no hurry to return to the office.

However, Richard Lim, a retail analyst, said the latest footfall figures highlighted that workers were being “encouraged to get back into the office at least two or three times a week”.

“What we’re seeing in terms of the long-term, hybrid working structural change in the labour market is that people are tending to get back to the office more so than we have seen in the last couple of years,” he said.

“Hybrid working is here to stay and the implications of that is that it will change the city centre landscape.”

Read more:
City centres see boost as footfall bounces back after rail strikes

0
FacebookTwitterGoogle +Pinterest
previous post
Banks ‘risk reputations’ by failing to help borrowers
next post
Amazon workers in Coventry announce seven more days of strike action

You may also like

British Driverless Car Start-Up Secures $1 Billion Funding

May 7, 2024

Privacy Coins – Will they Survive the Next...

December 29, 2022

Factors To Consider When Planning A Home Renovation

September 18, 2023

4 Go-To Ways To Increase eCommerce Sales

August 30, 2023

Innovate UK Launches £100 Million AI Fund for...

April 26, 2023

Tech Advancements Transforming Internal Logistics for Manufacturers

August 19, 2024

Northvolt may scale back expansion plans following setbacks

July 3, 2024

The Impact of Economic Changes on Commercial Mortgages

July 19, 2024

UniqueGraphs Review: Auspicious Customer Support Team

June 28, 2023

Royal Mail workers to hold 19 days of...

September 28, 2022

    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

    • Sterility test sample flawed, admits DHSC statistics expert in ppe medpro trial

      June 26, 2025
    • From Drift to Lift: Spotting Breakouts Before Momentum Hits

      June 26, 2025
    • Breakdown of NVDA’s Stock Price and S&P 500: Actionable Technical Insights

      June 26, 2025
    • ‘The mission was accomplished’: Senate Republicans push back against leaked report on Iran strikes

      June 26, 2025
    • Drone incursions on US bases come under intense scrutiny as devices prove lethality overseas

      June 26, 2025
    • GOP senator calls for parliamentarian’s firing after serving Medicaid blow to Trump’s ‘big, beautiful bill’

      June 26, 2025

    Categories

    • Business (8,316)
    • Investing (2,074)
    • Politics (15,818)
    • Stocks (3,170)
    • 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