Greater London shops see increase in footfallNovember 19th, 2012 Category: Office Cleaning
More and more people have been choosing to shop at outlets in Greater London over the last few months, a new report has revealed.
According to figures from the British Retail Consortium (BRC), footfall in the region's stores went up by 1.4 per cent during three months to October 2012, when compared with the same period of 2011.
This made it one of the only parts of the UK to see growth throughout this period, along with Northern Ireland and the West Midlands.
By contrast, footfall in the east of England went down by 4.1 per cent between August and October year-on-year, while a four per cent slump was recorded in the south-west.
As a result, footfall across the country as a whole dropped by 0.4 per cent, which means Greater London is performing considerably better than the national average.
Businesses in the region might therefore find it a good idea to outsource cleaning responsibilities to a third party provider, so they can put their time and resources towards making the most of relatively favourable market conditions.
After all, retailers will be keen to avoid the tough environment that is forcing stores elsewhere in the UK to pull down the shutters full-time.
Stephen Robertson, director-general of the BRC, commented: "Many retailers are battling stagnating sales and rising costs."
Figures from the organisation also showed that the vacancy rate in high streets and shopping centres across the UK now stands at 11.3 per cent.
"This new high in empty shop numbers really sets alarm bells ringing – it's the worst vacancy rate since the survey began in July 2011," Mr Robertson commented.
He added that this shows the financial challenges faced by retailers and consumers in recent years have not come to an end just yet.
The vacancy rate was particularly high in Northern Ireland, while above-average figures were also recorded in Wales and the north and Yorkshire.