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Economy, Business

Normal EU In-Store Clothing Retail at UK Pre-Christmas Peak Levels

Source: https://huq.io/indicators/normal-eu-in-store-clothing-retail-at-uk-pre-christmas-peak-levels/

Footfall across British clothes shops has been lower than the rest of Europe for the entire pandemic as tough lockdown measures push customers to online retailers. While footfall across UK clothing retailers has flatlined during this second lockdown, it’s significant to note that equivalent levels in Europe have been tracking at 30pts since early December.

Different countries have implemented restrictions for non-essential shopping in different ways. Spain operates a regional system, where local cases determine the status of non-essential retail. Germany has tightened restrictions. France and Austria have re-opened the sector with caveats.

In aggregate, 30pts is equivalent to the brief period between lockdowns pre-Christmas, where clothes shopping in the UK lept to 37pts on December 9th before falling away again to 10pts on Christmas day, where it has remained since. So current levels in Europe are equivalent to the pre-Christmas rush experienced here in the UK.

With high street stalwarts such as Debenhams and the Arcadia group shuttering their stores and consolidation brought by online retailers such as Boohoo and Asos, this is surely a transformative time for the industry.

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

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Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

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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

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.