empty
 
 

2018.03.1206:00:00UTC+00UK Retail Footfall Declines In February: BRC

UK retail footfall declined in February suggesting that fewer number of people visited shops amid high inflation, data from the British Retail Consortium showed Monday.

Footfall decreased 0.5 percent year-on-year in February compared to an increase of 1 percent in the same period of 2017.

Greater London and the South East continue to experience decline of 1.1 percent and 1.0 percent, respectively, in February.

"Footfall continued to fall year-on-year in February across most retail destinations, even before the significant impact of the snow over the last two weeks," Helen Dickinson, BRC chief executive said.

"This was mirrored in relatively flat consumer spending overall, that continues to struggle against the current retail headwinds," Dickinson added.

Looking ahead, Dickinson said there's some hope that shopper activity will pick-up now that inflationary pressure has started to subside and wage growth is expected to move in the right direction.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback