Retail

British Retail Traffic Dropped By 56.6 Pct In June

British Retail Traffic Dropped By 56.6 Pct In June

As consumer demand stays low even with the “turning point” of thousands of more shops reopening, retail traffic for June was significantly lower than the same month in 2019. Numbers from the retail experts at Springboard show that traffic throughout British shopping destinations dropped by 56.6 percent in June compared to the same month last year, NewsChain reported.

However, the group indicated that the figures showed improvement in the space, as they marked a rise from a 73.3 percent year-on-year drop in May. Traffic throughout all retail destinations for the week beginning on June 15 increased by 40 percent from the week before.

But Springboard noted that June 15, the date that nonessential shops reopened in the U.K., marked a “turning point” for merchants. Even so, high street traffic fell by 65.1 percent in June, with traffic in London plummeting 80.8 percent in comparison to June 2019.

Traffic at shopping centers dropped by 62.3 percent for June. Retail parks weren’t as hard-hit, with a drop in traffic of 32.2 percent as they continued reaping the rewards of having big grocers.

Springboard Insights Director Diane Wehrle said, per the report, “This is a sharp contrast with high streets and shopping centers, which rely on a blend of shoppers, workers, students, tourists and residents to fuel spending.”

In separate news, two big British retailers said they would eliminate more than 5,000 positions after realizing it was not probable that consumers would return to their old shopping habits after the pandemic.

Meanwhile, John Lewis could lose 1,300 jobs and close eight stores after an outlook showed that online shopping sales would compose as much as 70 percent of total sales this year and in 2021. Additionally, Boots, which is owned by Walgreens Boots Alliance, said it would eliminate 4,000 jobs and close 49 optician locations after shopper numbers fell 85 percent in April at the apex of coronavirus limitations.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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