Bira comments following BRC Sensormatic IQ Footfall Monitor report for November
The British Independent Retailers Association has reacted to the latest footfall report showing that footfall in retail parks, the high streets and shopping centres have fallen.
The BRC-Sensormatic IQ Footfall Monitor report for November showed that footfall was down, but showing a 'slight uptick in consumer confidence' as there was a slight increase from the previous month.
The report showed:
- Total UK footfall decreased by 0.7% (YoY), an improvement on -5.7% in October.
- Retail Parks footfall decreased by 1.0% (YoY), an improvement on -4.3% in October.
- High Street footfall decreased by 1.7% (YoY), an improvement on -4.6% in October.
- Shopping Centre footfall decreased by 2.2% (YoY), an improvement on -7.3% in October.
Andrew Goodacre, CEO of Bira said: "Although the footfall was better than October, it is still down year on year. Thousands of independent retailers are concerned about trading in run up to the all-important festive period. Spending depends on consumer confidence, and for that we need stability. Inflation is falling so we must not increase interest rates any further so that consumers can confidently budget their expenditure. Finally, tomorrow is Small Business Saturday and we really hope this super event will bring out the shoppers to their local independent retailers."
Helen Dickinson OBE, BRC Chief Executive, said: "A slight uptick in consumer confidence, as well as easing inflationary pressures and more predictable weather, led to an improvement in footfall compared to the previous month. After a slow October start, the month-long Black Friday sales helped to get shoppers out to their town and city centres. While all parts of the UK saw footfall drop in October; both West Midlands and Yorkshire managed positive growth in November.”
“The extensive cost-pressures on the retail industry over the last two years have limited investment and driven up prices at many shopping destinations. The Chancellor’s failure to commit to a business rates freeze in his recent Autumn Statement will inflict hundreds of millions of pounds in additional costs. This will inevitably slow the decline in inflation, as well as limiting long term investment and limiting any upside from improvements in UK footfall.”
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Bira is at the forefront of championing the cause of independent traders and shopkeepers across Britain. With a dedicated focus on revitalising and preserving the high street, we relentlessly campaign on their behalf. Our advocacy takes our collective voice to the halls of Parliament and into discussions with key stakeholders, where we represent the interests of small and independent businesses.
Our campaigns cover a wide spectrum of issues crucial to the success of independent traders. From combatting the rising tide of retail crime to advocating for changes in legislation that promote fairness and flexibility, we aim to leave no stone unturned. Bira is a staunch advocate for fairer business rates and reducing the regulatory burden that can stifle small businesses' growth potential. Through our efforts, we strive to ensure that the heartbeat of our communities, the high street, continues to thrive and serve as a vibrant hub for local businesses.