APRIL TUBE STRIKE: HOW DID IT IMPACT RETAILERS AND WHAT CAN THEY EXPECT DURING FURTHER INDUSTRIAL ACTION NEXT WEEK?
Retail businesses in London suffered this week when industrial action brought the Underground network to a halt– but better preparation and good old fashioned ‘blithe spirit’ prevented huge footfall decreases experienced during strike action earlier this year being repeated.
FOOTFALL COMMENTARY FOR THE WEEK COMMENCING THE 21ST APRIL 2014
The Experian FootFall National Retail Index is reporting an improvement of +0.2% Week-on-Week and a slight decline of -0.2% Year-on-Year, with the weather perhaps being a contributing factor.
FOOTFALL COMMENTARY FOR THE WEEK COMMENCING THE 14TH APRIL 2014
The FootFall National Retail Index is reporting negative growth of -7.9% Week-on-Week and an improvement of +3.1% Year-on-Year. Comparing this Easter weekend to Easter last year, a -13.7% decline in performance year-on-year is being reported, perhaps due to a combination of disappointing weather and relative distance to pay day compared with Easter last year. The...
DISAPPOINTING UK CONSUMER TRAFFIC OVER EASTER WEEKEND
With a late Easter leading to low consumer footfall levels in March, UK retailers were hoping for a much-needed boost over the Easter Bank Holiday weekend. Unfortunately, a surge in shopper traffic did not materialise – with year on year footfall falling short until Easter Monday. According to FootFall’s latest UK Retail Index figures, national...
FOOTFALL COMMENTARY FOR THE WEEK COMMENCING 7TH APRIL 2014
The Experian FootFall National Retail Index is reporting growth of +4.7% Week-on-Week and a decline of -1.4% Year-on-Year. Looking at the Daily Index, Tuesday and Sunday are the only days of the week showing improvement year-on-year. Overall the weekend reported a -2.5% decline year-on-year.
HOW DO RETAILERS ADAPT TO CHANGES IN OPENING HOURS?
UK retailers could soon be embracing new profit opportunities, following calls by members of the country’s parliament to relax regulations around Sunday trading. However, although this presents the possibility of lucrative footfall increase, it also raises new workforce management dilemmas. At present, shops in the UK that measure more than 280 square metres are only...
FOOTFALL COMMENTARY FOR THE WEEK COMMENCING 31ST MARCH 2014
The Experian FootFall National Retail Index is reporting a decline of -7.7% Week-on-Week and -4.5% Year-on-Year. Looking at the Daily Index, the weekdays are all reporting a decline year-on-year. However, the weekend reported a +8.6% improvement overall year-on-year.
USING SITE ANALYTICS TO FIGHT THE STAFF TURNOVER BATTLE
Staff turnover in the retail industry is an ongoing problem – a recent report published in the UK revealed that replacing employees costs the country £673million per year, with companies spending more than £20,000 recruiting staff with salaries of £25,000 or higher.