Lockdown Leads To Slump in Footfall ........>

UK DATA: Lockdown Leads To Slump in Footfall 

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- Mar BRC-Shoppertrak Footfall -44.7% Y/Y (FEB -2.0%) 

- Footfall Fell 17.7% pre lockdown and plunged 83.2% after Mar 23

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Unsurprisingly, footfall in the UK declined by 44.7% y/y in Mar as a result of

the mandatory lockdown across the country. This follows a subdued reading in

Feb, where footfall fell by 2.0%. Before Mar 23 footfall decreased by 17.7%,

while in the two weeks thereafter footfall plummeted by 83.2% on the year.

Shopping centres saw the largest falls with a decline of 43.6%, while high

streets fared slightly better with footfall declining 41.8%. Retail parks saw a

decrease of 23.5% y/y due to the higher proportion of supermarkets which

remained open. The sharp decline in footfall due to social distancing measures

suggests a substantial fall in retail sales in Mar due on Apr 23.