Key Performance Indicators: A Week in Review
This week, footfall data across UK retail centres saw a 3% increase compared to last week, with Northern Ireland showing the strongest growth at 5%. The South East reported the least growth, with a mere 1% increase. Dwell time slightly decreased by 2% on average, with the most significant drop observed in Wales.
Regional Variations in Retail Centre Performance
In terms of regional performance, Scotland and Northern Ireland outperformed other regions with a 5% increase in footfall. In contrast, the South East struggled, showing minimal growth. Notably, the Trafford Centre and Bluewater experienced a decline in visitor numbers, while Westfield Stratford and the Glasgow Fort saw an uptick in footfall.
Exploring Different Metrics: Footfall, Dwell Time, and Weekpart Visitation
Footfall increased overall by 3%, but dwell time decreased by 2%. Weekpart visitation was highest during weekends, with a 10% increase in visitors. Historical footfall data shows that footfall typically increases by 2-3% during this period annually, suggesting a consistent trend.
Predicting Future Trends: What’s Next for Retail Centres?
Based on year-on-year footfall data, we predict a 4% increase in footfall over the next four weeks, influenced by upcoming school holidays and seasonal shopping events. This aligns with historical trends observed during similar periods in previous years.
About Huq Industries and Our Data
Huq Industries specializes in providing location intelligence to retailers and commercial real-estate companies. This analysis is based on location intelligence data from over 2,700 retail centres across the UK, offering insights into consumer behavior and market trends.
