Key Performance Indicators: A Snapshot of the Latest Trends
In the past week, footfall across UK retail centres saw a 3% increase compared to the previous week, with the highest surge in London at 5%. The North East experienced the least growth, with a mere 1% rise. Dwell time slightly declined by 2% on average, with Scotland recording the largest drop of 4%.
Regional Dynamics: Winners and Losers in Retail Footfall
London continues to lead with a robust 5% increase in footfall, showcasing its resilience and attractiveness as a retail hub. In contrast, the North East’s minimal growth highlights ongoing challenges. The Midlands and Wales also showed moderate improvements, suggesting a gradual recovery in these areas.
Metrics Matter: Analyzing Footfall, Dwell Time, and Visitation Patterns
This week’s data reveals a mixed picture: while footfall increased overall, dwell time decreased, indicating that although more people are visiting, they are spending less time per visit. Weekpart visitation peaked during weekends, with a notable 10% increase in visitor numbers, reflecting typical consumer behavior patterns.
Looking Ahead: Predicting the Next Month’s Trends
Based on last year’s data, the upcoming four weeks are expected to see a 5% increase in footfall, influenced by upcoming school holidays and seasonal shopping events. This trend suggests a positive outlook for retail centres, particularly in regions showing current growth.
About Huq Industries and Our Data
Huq Industries specializes in providing detailed location intelligence for the retail and real-estate sectors. This analysis is based on data from over 2,700 retail centres across the UK, offering a comprehensive view of market dynamics.
