Footfall Down Sharply Among High Street Retailers

Written by: Keith Tully

Published: 10th September 2019

BHS store on a busy high streetHigh street retailers saw a significant decline in the number of people entering their stores across the UK over the course of recent weeks.

According to the British Retail Consortium (BRC), footfall across the country fell by 1.3 per cent during August compared to the same month of last year, and by 2.1 per cent in the three months to the end of August.

Retail parks saw an overall increase in the number potential customers they attracted during August but the figures suggest 2.2 per cent fewer people visited shopping centres during August this year compared with the same month in 2018.

“Retail footfall continues its downwards trajectory this month, with high streets and shopping centres most affected,” explained Helen Dickinson, chief executive of the BRC.

“The long-term trend, which has seen footfall decline by an average of 1.7 per cent over the last 12 months, reflects the fact that increasingly cautious consumers are holding back on discretionary spending and not heading out to the shops.”

Ms Dickinson added that retail parks have been able to boost their footfall recently in part because they can offer shoppers access to a range of activities beyond just shopping.

However, she also made clear that high street retailers across the board are faced with a consistently challenging trading environment at the present time.

“There is little sign that the stresses on retail will abate any time soon,” she said. “Stuck between weak demand thanks to Brexit uncertainty, and rising costs resulting from business rates and other public policy costs, many retailers are clearly struggling.”

The BRC has insisted that the government should be doing more to support high street retailers, so many of whom are finding it tough to stay viable in the current environment.

A growing number of high street retail operations have been entering into Company Voluntary Arrangements (CVAs) as a means of staying in business, while others, including big names like BHS, House of Fraser and Debenhams have all been entered into administration in recent years.

Tens of thousands of jobs have also been lost across the UK’s retail industry in recent quarters.

Keith Tully

Keith Tully

Join Keith Tully on Linked In Follow Keith Tully on Twitter

Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

Meet our Team of Experts
Director Support - Business suffering from Cash-Flow Problems?
If your company is financially distressed, we also offer the below services:
Business debt recovery

  • Recover Unpaid Invoices of £5k+
  • Expert Credit Control Services
  • Stop Late Payers & Bad Debts
Visit Site
Time to pay experts

  • Get Breathing Space with HMRC
  • Support with Business Tax Arrears
  • 35 Years HMRC Negotiation
Visit Site
UK Business Finance

  • Rejected for a CBILS Loan?
  • Get Emergency Business Funding
  • Supporting 1000+ UK Companies
Visit Site
Who we help
  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships
Contact our team
Jonathan Munnery
Gillian Sayburn
Julie Palmer
or Find your Nearest Office

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Business Rescue Advice for Directors
Free Guide for Limited Company Directors
Business Rescue Advice for Directors
  • How to manage company cash flow problems
  • Advice on dealing with HMRC
  • Understanding rescue and closure options
  • And much more...
Free Guide Download
Dealing with your Insolvent Clients
Business Rescue Guide for Accountants
Dealing with your Insolvent Clients
  • Helping you advise insolvent clients
  • Spotting signs of client distress
  • Exploring business rescue options
  • And much more...
Free Guide Download
Our numbers speak for themselves
Number of UK Offices
Directors Helped
Licensed Insolvency Practitioners

This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. For more information on how we use and manage cookies please read our PRIVACY POLICY