Footfall Rises As Shops Reopen..............>

UK DATA: Footfall Rises As Shops Reopen

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- Jun BRC-Shoppertrak Footfall -62.6% Y/Y (May -81.6% Y/Y)

- Retail park footfall saw largest improvement

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The survey covers the period May 31 to July 4 and the report notes that footfall

declined at a faster pace in the first 2 weeks compared to the last 3 weeks

where shops were allowed to reopen. Footfall dropped 77.1% y/y at the beginning

of the survey period and only fell by 53.3% after stores were allowed to open

again in England (Jun 15) and Northern Ireland (Jun 12). Retail parks saw the

largest improvement with footfall decreasing by 33.8% y/y, mainly due to wider

open spaces and a higher proportion of supermarkets. Footfall on high streets

dropped 64.5%, while shopping centre footfall slumped 68.3%, showing the largest

decline. The report notes that the UK's recovery in footfall has been muted

compared to its European peers, however the reopening of the hospitality sector

is likely to provide another boost to footfall in the next month.