The Experian FootFall National Retail Index is reporting an improvement of +8.3% Week-on-Week and +0.3% Year-on-Year, with these positive statistics most likely attributed to the half term break. Performance for the recent spring bank holiday reported a +2.7% improvement Year-on-Year. Performance for the weekend, marking the end of May, is reporting an improvement of 1.2% Year-On-Year. Continuing on the trend of these optimistic figures, it was reported this week that consumer confidence hit a nine year high. With retail sales continuing to show growth, retailers can take this as an encouraging sign for future consumer spending.
The year to date trend continues to report at -0.1%. This continues to report better YTD performance compared to last year where this was reporting at –4.2% for the same week.
The Experian FootFall Regional Index reports that 3 out of 11 regions are showing an improvement in year-on-year retail traffic, with Eastern reporting the highest growth at +5.0%. 6 out of the 11 regions are reporting positive growth over the weekend with South West and Wales reporting the highest weekend growth at 4.8% Year-On-Year. Nine regions are showing positive growth week-on-week with Eastern reporting the highest growth of +17.1%.
Within Retail Parks, the Experian FootFall Index is reporting a Year-on-Year improvement of +0.8%. The Week-on-Week statistics are also reporting an improvement of +1.2%. The weekend showed great growth in this sector and is reporting a 6.1% improvement Year-On-Year. Overall the YTD trend continues to report positive growth at +4.6%.