Summary
This report presents the January 2024 UK Footfall Index, detailing footfall trends across various retail destinations. The report indicates a decline in footfall of -20.1% in January compared to December 2023, which is a slight improvement from the historical average decline of -22.6% observed from 2009 to 2020. The decline was most significant in shopping centres at -23.3%, followed by high streets at -20.4% and retail parks at -16.2%. Year-on-year, footfall fell marginally by -0.8%, which is better than the historical trend of -1.3%. The report also notes the impact of severe weather and travel disruptions on footfall, particularly in the first week of January. Despite these challenges, weekend footfall showed a year-on-year increase of +4.2%. The report concludes with an outlook on upcoming retail periods, including potential increases in footfall due to half-term and Easter breaks.
