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    Tuesday, May 27
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    Home»Industry News»UK Retail Footfall Rebounds Ahead of Black Friday
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    Industry News

    UK Retail Footfall Rebounds Ahead of Black Friday

    Ruchi SinglaBy Ruchi Singla20/11/20242 Mins Read
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    Retail footfall across the United Kingdom showed significant growth in Week 46, marking a positive shift in activity levels after the school half-term break according to data from MRI Software.

    The rise indicates a strong start to the festive shopping season, with high streets, shopping centres, and retail parks all benefiting from increased consumer engagement.

    Weekly and Regional Footfall Growth

    MRI Software reported a 4.5% week-on-week increase in footfall, with high streets seeing a rise of 4.7%, shopping centres 4.8%, and retail parks 3.7%. The highest daily spikes occurred on Sunday, with a 7.6% increase, and Wednesday, which saw a 5.5% rise. These peaks indicate a possible increase in consumer engagement with early holiday promotions and events.

    Central London led the growth, recording a notable 9.4% week-on-week uplift. Other regional cities also performed well, with a 6.2% increase, driven by festive activities such as Christmas light switch-ons and the opening of seasonal markets.

    Among UK regions, Wales saw the highest growth at 8.9%, followed by Scotland at 7.9% and the West Midlands at 5.5%. Scotland’s improvement was partially attributed to a rebound from storm disruptions during the same period in 2022.

    Challenges Persist for Coastal Towns

    While urban centres enjoyed strong footfall growth, coastal towns continued to struggle, reporting further declines in visitor numbers. Shopping centres also faced challenges, with a slight 0.2% drop compared to the same period in 2023. This dip may be linked to adverse weather last year, which skewed comparative figures.

    Early Indicators of Festive Spending

    Jenni Matthews, Head of Marketing at MRI Software, commented: “With only two weeks until Black Friday, this rebound is encouraging for retail stores and destinations. Early festive deals may also be enticing eager shoppers, setting the scene for a strong seasonal kick off.”

    Implications for Jewellers

    The rise in retail footfall could benefit the jewellery sector, especially businesses in high streets and urban centres, by aligning with early holiday shopping trends and increased foot traffic from festive markets. Coastal jewellers and those in underperforming shopping centres may need to adjust strategies to address localised challenges.

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    Ruchi Singla

    Ruchi is our trusted breaking news reporter, keeping you informed about the latest trends, launches, and significant events as they unfold. With a commitment to accuracy and a passion for adding a layer of insight, Ruchi creates informative and engaging content that shines a light across the world of jewellery.

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