The events of the last two months have directly affectedpeople's shopping habits and the FootFall Index, which includesover 50 shopping centres and retail outlets in the UK and coversover 3,500 retailers, has tracked these changes.

|

UK prime minister Tony Blair made a speech two weeks after 11September to encourage people to go shopping as a result of thesignificant drops recorded in the aftermath of the terroriststrikes. This did not help visitor numbers, however, and thefollowing week, footfall dropped by 2.9%.

|

The week commencing 8 October marked the start of the bombingcampaign and, as a result, the retail industry suffered with a dropof 0.4%, making the week 3.8% down on the same week in 2000.

|

The school half term week beginning 22 October was 5% down on2000, despite the findings of the English Tourism Council Surveyreport, which stated that almost 1 million people had cancelledtheir travel arrangements to stay in the UK. However, the weekafter half term only dropped by 2.8% compared to last year's 11%indicating that the retail industry is on the road to recovery andthat consumer confidence may be returning.

|

FootFall managing director John Gallagher said:'The 5% dropduring the half term week did not bode well for the retailindustry, which seemed to be facing a considerable lack of consumerconfidence. Nevertheless, the figures for last week show apromising recovery and a huge increase in shopper numbers in thelast three days of October has lead to the month as a whole sitting6.1% up on September and faring marginally better than October lastyear.'

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.