UK retailers are set to enjoy a 4.7% boost in footfall over the bank holiday weekend (August 29-31) with high streets, shopping centres and retail parks all expected to benefit.
The back-to-school rush, which coincides with payday this week, will see shoppers’ spend increasing, according to Springboard.
Brighter weather this weekend will see footfall increase 6.3% on the high street over the three days and rise by 12% on bank holiday Monday if the weather holds.
Continuing the trend of a strong year of growth, retail parks are expected to see a 6% increase year on year over the weekend. Shopping centres will follow behind with footfall expected to see a mild improvement of 0.5%.
Downpours on Bank Holiday Monday in 2014 led high street footfall to plummet -24% year on year on the day, resulting in a -7% year-on-year drop over the full weekend.
Diane Wehrle, insights director at Springboard, said: “Favourable inflation rates, low unemployment and evidence of UK-wide pay rises have given consumers a new bout of confidence. Retail spend is increasing with figures from the British Retail Consortium showing an increase of +3.2% year on year in non-food spend in the last quarter, and with fine weather expected this weekend we expect shoppers to venture out with new-found force.”