Business · Economy · 2 hrs ago

UK shopper visits fell 4.7% in October as costs and storms deterred consumers

UK shopper visits fell 4.7% in October as costs and storms deterred consumers

UK shopper visits fell 4.7% in October compared with the same month last year, according to figures from the British Retail Consortium and Sensormatic.

High streets saw the biggest drop, with footfall down 5.2%; retail parks fell 3.6% and shopping centres 4.1%.

The overall decline was steeper than in September, when visits were down 2.9%.

Stormy weather and rising household costs were cited as reasons people stayed home or focused spending on essentials.

Halloween brought a brief lift, but discretionary shopping remained under pressure as consumer confidence stayed low.

Retailers are looking to Black Friday for a boost during the Golden Quarter, the key holiday shopping period.

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What people are saying

Helen DickinsonChief executive of the British Retail Consortium
Footfall fell sharply in every part of the UK in October.
via Evening Standard
Low consumer confidence was likely a key factor in the decline in visitors, as households navigated rising inflation and high energy costs.
via Evening Standard
Andy SumpterHead of consulting and analytics at Sensormatic
Halloween delivered a brief seasonal uplift, but beyond that, retailers found little to celebrate.
via Evening Standard
Attention now turns squarely towards the Black Friday period, which increasingly looks like a critical opportunity to inject some momentum into a Golden Quarter that has so far struggled to live up to its name.
via Evening Standard