The November Retail Traffic Index figures from SPSL reveals a better than anticipated retail footfall, despite fears over the global credit crunch. Footfall on the UK High Street has fallen by just 0.8 per cent compared with the same period last year, but up 2.7 per cent on October. This is in spite recent news that electrical retailers have begun to see a fall in sales of large value items such as white goods and computers.
Commenting on the figures Dr Tim Denison, SPSL's retail psychologist, said: "It's lovely to be able to bring some good news to the party this month, as pressures build in the run-up to Christmas.
"We had forecast that retail traffic would fall by 1.7 per cent in the month against last year, so the decline of just 0.8 per cent shows that activity on the High Street has held up well in November.
"2007 has been an altogether quirky year for UK retailing. It has been difficult to predict right from the onset. Retailers have struggled to get into any rhythm over what is selling and what's not; hard trends have simply not emerged."
Advertisement
Related Stories
- European Electronics Retail Summit Feb 14th 2012 at 12:00AM
- Caseking.de buys Overclockers UK Feb 9th 2012 at 7:52AM
- HP Folio 13-1000 ultrabook a DSG exclusive Feb 8th 2012 at 6:06AM
- PCR RETAIL BOOT CAMP: Dedicated website now live! Feb 2nd 2012 at 11:42AM
- GAME denies immediate stock problems Feb 1st 2012 at 1:56PM
- Tesco shares plummet after poor sales Jan 12th 2012 at 2:52PM
- Interactive Ideas offers best practice guides for selling online Jan 11th 2012 at 2:03PM
- Shepherd to head up VIP's new retail sales team Jan 10th 2012 at 12:31PM
- HMV bullish despite weak sales Jan 9th 2012 at 2:25PM
- Aussie retailer Harvey Norman launches offshore games site Dec 23rd 2011 at 5:19AM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!