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Footfall boosted by half term break

The half term break, milder autumn weather and mid-season Sales boosted footfall by 0.7% on last year, according to data by Springboard.

In the week starting 26 October footfall rose 12% compared to the previous week. Mid-season Sales saw high streets lead the way with an annual rise of 1%. Shopping centres remained flat compared to last year, but saw a week-on-week rise of 14.8%.

Springboard’s retail insights director Diane Wehrle emphasised that these figures, while a positive sign of growth, must be placed in context of 2013, “which saw the same week falling 5.3% overall against 2012 and high streets and shopping centres seeing annual drops of 5.3% and 4.4% respectively as the country, the South West in particular had several days  of storms”.

Springboard also revealed today that it has received £3m in funding from YFM Equity partners as part of a £6m management buyout.

The research firm said the investment will allow it to capitalise on business growth opportunities in the UK.

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