Connect with us

Hi, what are you looking for?

Editor’s Pick

City centres kept quiet by fears over Omicron variant

Caution around the new Omicron variant is prompting more people to stay working from home, resulting in footfall to city centres declining again, according to data.

Footfall in large cities outside of London fell by 3.8 per cent last week compared with the week before, according to Springboard data. A central London “back to office benchmark”, which measures only areas in close proximity to offices, recorded a 2 per cent fall.

Diane Wehrle, insights director at Springboard, said: “Last week provided the first evidence of an early impact on footfall of the Omicron variant. While central London is being supported by its retail and leisure offer in the run-up to Christmas, large city centres outside of the capital are not benefiting.”

The start of the Christmas shopping season lifted footfall across the UK’s retail destinations by 0.7 per cent, with shopping centres and retail parks performing better than high streets. Footfall in central London rose by 0.5 per cent as the capital’s retail destinations increased footfall by 1.8 per cent. Footfall in the capital is still 17.4 per cent lower than pre-pandemic levels but 43 per cent higher than in 2020.

The north and Yorkshire was the only region to see negative week-on-week growth, according to Springboard, with footfall slipping by 2.3 per cent. Meanwhile, footfall in the east of the country increased by 3.5 per cent. Market towns have performed strongly as more people work from home.

Separately, figures from the British Retail Consoritum showed that Black Friday provided a filip for retailers, with like-for-like sales lifting by 1.8 per cent in November compared with a year earlier and by 4.1 per cent on the same month in 2019. Like-for-like food sales declined by 0.5 per cent year-on-year, while non-food like-for-like sales rose by 3.9 per cent.

Read more:
City centres kept quiet by fears over Omicron variant

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

REUTERS SINGAPORE — Jollibee Foods Corp, the biggest fast-food operator in the Philippines, is in advanced discussions to sell a minority stake in its...

News

INDONESIAN lawmakers have passed a contentious criminal code that outlaws extramarital sex and raises penalties on abortions as part of legislation that sparked violent...

News

REUTERS MUNICH/BERLIN — Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s biggest...

News

PHILIPPINE STAR/ KRIZ JOHN ROSALES SEOUL — A nationwide strike by South Korean truckers has led nearly 100 petrol stations across the country to...

News

REUTERS WASHINGTON — Chinese hackers have stolen tens of millions of dollars worth of US COVID relief benefits since 2020, the Secret Service said...

News

GOLDEN STATUE at the Trocadero square near the Eiffel tower wears a protective mask during the outbreak of the coronavirus disease 2019 in Paris,...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.