The number of people out shopping this August Bank Holiday fell by 4.1%: surprising a number of analysts, who had predicted a rise in High Street sales.
Retail experts had been expecting an increase in the number of shoppers visiting retail destinations compared to last year, as consumer confidence begins to bounce back following the Brexit vote jitters. Analysts Springboard had predicted as much as a 6.5% increase in footfall.
Instead figures for Saturday and Sunday show visitors to shopping centres were down 3.3% and out of town stores were down 2.4%. However, night visits to shopping centres post 9pm soared by 17.4% from last year. Springboard says the rise in late evening visits to malls reflected the fact that this offer is expanding, with more food and beverage outlets in shopping centres than there were last year.
ParcelHero’s analysis is the 4.1% fall in visits to retail outlets will be matched by a corresponding rise in the number of people shopping online during the Bank Holiday. Some of the switch might be due to the ‘traditional’ bank holiday rain on the Saturday of the Bank Holiday; but more significantly, much of the switch will be down to the ongoing shift away from bricks and mortar to e-commerce.