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

Future Retirement Success

Business

Riots cause 4.8% decline in footfall on UK high streets as shoppers avoid areas amid looting fears

by August 9, 2024
August 9, 2024
Riots cause 4.8% decline in footfall on UK high streets as shoppers avoid areas amid looting fears

Footfall on UK high streets has plummeted by an average of 4.8% between Sunday and Wednesday, as recent rioting across England and Belfast deterred shoppers, leading to widespread vandalism and looting.

This decline, reported by real estate software firm MRI Software, significantly outpaces the 2.7% drop seen across all UK retail destinations, including shopping centres and out-of-town retail parks.

The most severe impact was felt on Wednesday, when footfall on high streets fell by 7.5% as fears of renewed rioting and counter-protests kept shoppers away. Northern England and Yorkshire bore the brunt of the disruption, with footfall down by a striking 12.9% compared to the previous week. The West Midlands also saw a significant decrease, with a 10.6% drop.

The unrest has prompted many shops and businesses to board up their premises or close early, particularly on Wednesday when police warned of potential violence from over 100 far-right-led rallies planned across England. However, the day saw thousands of counter-protesters taking to the streets in cities like Liverpool, Birmingham, Bristol, Brighton, and London, aiming to protect their communities.

This slump in footfall comes at a time when UK high streets would typically see an increase in visitors, as the school summer holidays begin and families embark on day trips. The recent decline is a stark contrast to the strong start to the summer, where shops, leisure, and hospitality sectors had enjoyed a boost thanks to events like the Euro 2024 football tournament, Taylor Swift’s Eras tour, and the Paris Olympic Games, which are set to conclude on Sunday.

The British Retail Consortium (BRC) convened an urgent meeting on Wednesday with approximately 190 representatives from various retailers, including small shops, large chains, and takeaway outlets, to address the safety of shop staff amid the ongoing unrest. Retailers are closely monitoring the situation and may opt to close some shops early if necessary.

Helen Dickinson, the BRC’s chief executive, expressed concern over the safety of retail workers, stating: “Many retail workers have been heading to work fearing their stores and their safety could be compromised by the looting and vandalism that has taken grip in various parts of the country.” She urged authorities to enforce the “full force of the law” against those responsible for the criminal damage and theft targeting retailers.

The recent unrest has led to the looting of supermarkets, shoe shops, and other retailers. In response, the Association of British Insurers assured affected businesses that insurers are ready to assist as quickly as possible during this challenging time.

Read more:
Riots cause 4.8% decline in footfall on UK high streets as shoppers avoid areas amid looting fears

0
FacebookTwitterGoogle +Pinterest
previous post
US issues warning to Iran of ‘serious risk’ if it carries out retaliatory attack against Israel: report
next post
BA suspend direct flights from Heathrow to Beijing amid rising operational costs

You may also like

Port of Dover to reclaim land from sea...

September 5, 2023

Former environment secretary urges successor not to drop...

October 4, 2022

BMW sets aside £70m for potential motor finance...

November 12, 2024

Aston Martin boss Vows to Continue Petrol Car...

April 11, 2024

RMT votes overwhelmingly for further train strikes

May 5, 2023

Amazon demands full return to office five days...

September 17, 2024

How Businesses Can Convert Outdoor Spaces to Improve...

May 27, 2024

Insights from Retired U.S. Marshal Andrew Smith: Leadership,...

August 23, 2024

3D printed nutrient gummy brand Rem3dy Health honoured...

April 21, 2023

Ford to cut one in five jobs in...

February 14, 2023

    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

    • White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

      May 22, 2025
    • Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

      May 22, 2025
    • Trump has not directed administration to declassify Biden documents on health ‘cover-up’

      May 22, 2025
    • White House decries ‘evil of antisemitism,’ vows justice after fatal shooting of Israeli embassy staffers

      May 22, 2025
    • Debunking Protectionist Claims About Tariffs and Industrial Expansion

      May 22, 2025
    • Congress Should Repeal the Low-Income Housing Tax Credit, Not Expand It

      May 22, 2025

    Categories

    • Business (8,031)
    • Investing (1,980)
    • Politics (15,353)
    • Stocks (3,098)
    • 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