Consumer behaviour analyst Experian has released shopper footfall data for the week commencing 15 August 2011 in the UK. It reveals:
Experian Retail FootFall Index – UK National Weekly:
Change for week 33 (15–21 August 2011): +0.1%
Change for week 33 year-on-year: -1.7 %
Experian Retail FootFall Index – Retail Park Weekly:
Change for week 33 (15–21 August 2011): -1.0 %
Change for week 33 year-on-year: -3.3%
Last week saw a bounce back in the number of shoppers visiting the high street following the riots and this week footfall increased by 0.1% compared to last, said Experian.
Although this appears quite small, the index traditionally drops further during this week prior to the back-to-school rush in week 34, said researchers. The year-on-year decline of 1.7% is also an improvement, given the last few weeks have been reported a decline between 3% & 4%.
Retail parks reported a decline of 3.3% compared to the same week last year. This is the lowest year-on-year decline seen in 2011 (excluding the comparative week results in Easter), said Experian.
According to analysts, this Index has generally been reporting buoyant performances, despite overall signs the economic slowdown is damaging consumer sentiment.