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Economy

Footfall to Clothes Shops Jumps as Lockdown Lifts

Source: https://huq.io/indicators/footfall-to-clothes-shops-jumps-as-lockdown-lifts/

Eager shoppers appear to have flocked to the high street with the end of lockdown, causing footfall to UK clothing stores to rise to 62% of YoY levels in the last few days.

Huq’s Index shows how the second national lockdown and forced closure of many stores saw footfall levels drop to just 15% of YoY levels – almost as low as they did in April. However, pent up demand for a fashion fix and Christmas shop appears to be stimulating recovery and some shoppers have been quick to return.

While footfall has risen sharply over the last week, attendance is still around 40pts down on last year at a crucial time for the sector. With Debenhams and Arcadia facing collapse, time will reveal the impact of shifting consumer behaviour and what’s in store for bricks and mortar.

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

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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.

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GET WEEKLY ALERTS

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The email you entered is not valid.

LET US HELP

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