Footfall rises in shopping centres for first time in 3 years

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Photo credit: Wikimedia Commons, CCAA 4.0 license
Photo credit: Wikimedia Commons, CCAA 4.0 license

Retail insights firm Springboard has announced an increase in footfall in both shopping centres and retail parks in January, where there was a rise of 0.2% and 1.4% respectively. This contrasts with a drop in high-street footfall of 1.8%.

 

According to Springboard’s figures, January was the first month since March 2017 to see an increase in footfall at shopping centres.

 

Diane Wehrle, marketing and insights director, Springboard, said: “Whilst a rise of 0.2% is only a modest increase, it brings some much-needed hope for this destination type that has consistently lost shoppers for over two years.

 

“It seems this is an early sign that the regeneration schemes long planned by owners to broaden the offer of malls to incorporate a greater experiential element, particularly in the larger malls, are working, and they now better reflect consumers demands.”

 

She added: “This result reinforces the benefit of a single-ownership structure, and demonstrates the realisation that the old format of 100% retail is no longer relevant.”

 

The Springboard figures also offer a positive outlook concerning shop vacancies, with the rate of 9.8% in January being the lowest for a year.

 

www.spring-board.info

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