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.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

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