Huq Industries’ comprehensive analysis of footfall data for Week 33, 2024, reveals significant regional and type-specific trends in the UK’s retail landscape. This week’s data, drawn from over 2,700 retail centres, underscores the dynamic nature of consumer behaviour and its implications for retailers and real estate companies.
Daily Footfall by Retail Centre Type
Shopping Centres
In the shopping centres category, the North East region experienced a robust footfall recovery whilst the East Midlands saw a significant decline compared to the previous year. London maintained its bustling activity with the highest average daily footfall.
Dwell time also presented varied trends. The West Midlands reported a substantial increase in dwell time year-on-year, suggesting that visitors are spending more time per visit. In contrast, Northern Ireland saw a significant drop in dwell time year-on-year.
Major Retail Centres
London’s major retail centres reported a significant increase in footfall.
Local Retail Centres
Local retail centres in Northern Ireland showed a notable increase in average daily footfall, contrasting with significant decreases in regions like the South West and Wales. The East Midlands and South East experienced increases in dwell times, suggesting shifts in shopping habits at the end of the holiday season.
Retail Parks
Retail parks presented a mixed performance. London saw a positive trend with a 0.7% increase week-on-week in footfall as per the Retail Parks Footfall Report: London Rises in Week 33, 2024. The South West, however, reported a slight decrease.
High Streets & Town Centres
High Streets and Town Centres also reflected diverse trends. London stood out with a 7.1% year-on-year increase in footfall whilst Wales, on the other hand, experienced a decline.
Market Outlook
Looking ahead, the direction of the latest footfall data suggests that the upcoming four weeks could mirror the trends observed this time last year, with steady increases expected as holiday season ends. Retailers should consider these trends in their strategic planning to capitalise on potential increases in consumer visits.
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