“Coming weeks will be critical” for retail, leading consultant says

EU Referendum – Signage And Symbols

Andy Sumpter, retail consultant at ShopperTrak expects the coming weeks to be critical to retail recovery in the UK.

Reflecting on figures for the first half of the year he explained that retail performance was recovering well but was slightly behind the pace of European counterparts.

Sumpter said: “Last week we saw the UK continue its retail recovery, with Wales joining England and Northern Ireland reopening its shops. Monday sees Scotland joining the rest of the UK, with its own steady and restricted approach.”

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Adding: “The High Street and Shopping Centres showed signs of improvement and are starting to catch up with Retail Parks, albeit with some way to go. Monday and Tuesday may have benefitted from a spill over of consumer enthusiasm, but this eased off until Saturday, which saw a 16.4% week on week hike.

“Whilst UK footfall is heading in the right direction, early indications show that we’re following European trends, but slightly behind pace. The coming weeks will be critical. It may be too early to accurately predict how long this recovery will be, or where it’s eventually heading, but most retailers are doing all within their powers to bring back a confidence and enthusiasm for shopping.”

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Alex Douglas

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