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UK Supermarkets Hold Steady Amidst Europe-wide Downturn

Source: https://huq.io/indicators/uk-supermarkets-hold-steady-amidst-europe-wide-downturn/

Footfall to UK supermarkets has so far dodged the second wave slump, with Huq’s Index recording levels higher than last year over the last week whilst all other consumer sectors dive and supermarkets on the continent see attendance cut in half.

Visits to the likes of Tesco, Asda, Sainsbury’s and Morrisons reached levels 2pts higher than 2019’s weekly mean earlier this week with supermarkets in Europe plunging to a record low for the year of 43pts.

Every other consumer sector in the UK has experienced a significant drop in footfall over the last few weeks with Apparel, Hospitality and Accommodation dropping to 55pts, 52pts and 20pts of last year’s levels respectively. Nearly all sectors in the UK appear have recently outperformed Europe recently, however with a new national lockdown coming into effect yesterday this could be a short-lived lead.

Further analysis of Huq’s Index will show how UK consumers react to the new restrictions and whether essential grocery shopping takes another tumble. Sign up to receive to our 3x weekly bulletin to track the impact of lockdown 2.0.

To learn more about the data behind this article and what Huq has to offer, visit https://huq.io/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us