Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

“Lockdown fatigue” cited as UK shopper numbers rose 9% last week

2021 01 25T112329Z 1 LYNXMPEH0O0PL RTROPTP 4 BRITAIN RETAIL SPRINGBOARD - Global Banking | Finance

LONDON (Reuters) – The number of shoppers heading out to retail destinations across Britain rose by 9% last week from the previous week, indicating “lockdown fatigue” for people cooped up at home, market researcher Springboard said on Monday.

Footfall across all retail destinations was 65% lower than in the same week last year, Springboard said.

British Prime Minister Boris Johnson ordered England into a new national lockdown on Jan. 4 to contain a surge in COVID-19 cases that threatens to overwhelm parts of the health system.

Under the rules in England, schools are closed to most pupils, people should work from home if possible, and all hospitality and non-essential shops are closed. Scotland, Wales and Northern Ireland have imposed similar measures.

Springboard said that in the week to Jan. 23 footfall was up 10.9% in UK high streets, 9.2% in shopping centres and 4.5% in retail parks compared to the previous week.

“Despite rain and snow last week across much of the UK, footfall rose in retail destinations last week from the week before for the first time in five weeks; perhaps providing the first indications of lockdown fatigue emerging once again,” said Springboard director Diane Wehrle.

“The last rise in footfall was in the peak Christmas trading week beginning 13th December, and even then the rise was only a third as large as last week’s,” she said.

(Reporting by James Davey; Editing by Sarah Young and Keith Weir)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post