Weekly Wrap, Week 46 2024: Major Retail Centres Return to Growth Whilst High Streets Stall

Huq Industries’ comprehensive analysis of footfall across various retail centre types in the UK for week 46, 2024, showcases a complex landscape of consumer mobility and engagement. This week’s data highlights significant regional variations and trends that are crucial for retailers and real-estate professionals aiming to optimise their strategies in a dynamic market environment.

Daily Footfall by Retail Centre Type

High Streets & Town Centres

In the bustling streets of London, there has been a notable increase in both footfall and dwell time, suggesting a robust recovery in urban retail activity. This positive trend contrasts sharply with the North West and Wales, where declines in footfall year on year indicate a more challenging environment. Specific areas like Alum Rock Road in the West Midlands and Slough in the South East are top performers, while Stockport Road in the North West and Holloway Road in London have seen the steepest declines. Read more about High Streets & Town Centres Footfall.

Shopping Centres

The South West region experienced a slight increase in average daily footfall week-on-week, while the West Midlands saw a significant rise in average visit dwell time year-on-year. Northern Ireland reported a substantial increase in working weekday visitation share compared to the previous week, highlighting a shift in consumer patterns. Explore the Shopping Centres Footfall Report.

Major Retail Centres

Northern Ireland continues to show a robust recovery with an increase in average daily footfall. Conversely, the North West has seen an increase in dwell times, indicating that while fewer people may be visiting, those who do are spending more time per visit. This data is essential for understanding the evolving market dynamics. Discover insights from the Major Retail Centres Footfall Report.

Local Retail Centres

London’s local retail centres continue to outperform in average daily footfall year on year, contrasting with significant declines in the South East. This indicates a varied regional performance that could influence future business strategies. Read more on Local Retail Centres Footfall.

Retail Parks

Retail parks have seen mixed trends, with some regions like the South West experiencing slight declines in footfall, while London reports a slight increase week on week. The East Midlands and Scotland have seen significant year-on-year increases in dwell times, suggesting deeper consumer engagement. Explore the Retail Parks Footfall Report.

Market Outlook

The coming weeks are likely to see continued variability in footfall patterns across different regions. Retail centres in areas showing positive trends could expect sustained or increased consumer engagement, while others might face challenges. This forecast is essential for strategic planning in the volatile retail sector.