Retail crisis deepens as footfall drops further

Josh Hall's picture
by Josh Hall

High Street retailers fell further into crisis last month as footfall dropped by 1.9 per cent, according to new figures from Springboard.

This follows a drop of 3.1 per cent over the previous three months, as shoppers continue to move online or into retail parks.

The fall comes despite warm bank holiday weather, which failed to offset drops during the rest of the period.

The British High Street is in the grip of a widespread crisis, with hundreds of store closures around the country.

A number of large chains have gone into administration, including Poundworld and Maplin, while others have been forced to seek rent reductions from landlords.

Trade bodies have repeatedly pressured the government to act to 'save' the High Street, including by reviewing the much-criticised business rates system.

Commenting on the new research, British Retail Consortium head Helen Dickinson said: “Stuck between weak demand thanks to Brexit uncertainty, and rising costs resulting from business rates and other public policy costs, many retailers are clearly struggling.

"The government should take the opportunity to reduce the heavy cost burden holding back retail investment.”

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