Key Performance Indicators: A Snapshot of the Latest Week
In the latest week, footfall across UK retail centres increased by 3.2% compared to the previous week, with the highest increase observed in the South East at 5.1%. The North West, however, saw a decrease of 2.3%. Dwell time slightly improved by 1.5% on average, with London leading at a 2.2% increase.
Regional Variations in Retail Centre Performance
The South East and London emerged as strong performers this week, with footfall increases of 5.1% and 4.8%, respectively. Conversely, the North West experienced a decline, marking it as the weakest region in terms of footfall. Dwell time metrics also reflected similar trends, with the South East showing the most significant improvement.
Exploring Different Metrics: Footfall, Dwell Time, and Weekpart Visitation
Footfall has shown a notable increase of 3.2% this week, with dwell time also up by 1.5%. Weekpart visitation data indicates a 4% increase in weekend visits, suggesting a shift in consumer behavior towards weekend shopping. Historical comparisons show that these metrics typically rise during this period, aligning with seasonal shopping patterns.
Predicting the Next Four Weeks: Trends and Seasonal Influences
Based on year-on-year data, we anticipate a continued increase in footfall and dwell time over the next four weeks, potentially influenced by upcoming school holidays and seasonal shopping events. Last year, a similar trend was observed, with a 5% increase in footfall during the same period.
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 data from over 2,700 retail centres across the UK, offering insights into consumer behavior and retail performance.
