24
DATA
footfall index

The Experian FootFall UK National Index for February
2010 shows an encouraging boost with increased
shopper visits to retail and shopping centres generating
a 2.1 per cent uplift compared with February 2009.
Compared with January 2010, shopper numbers
increased by 9.5 per cent in February.
Regionally, the strong performers were the South
West and Wales with footfall increasing by 9.8 per cent
and the Eastern region (up 9.2 per cent). Other regions
showing a positive performance were the West Midlands
(up 2.2 per cent), London (up 1.7 per cent) and the South
East (up 1.9 per cent).
However, those areas affected by the snow this
month, such as Scotland and the North East, showed
declines of 2.9 per cent and 4.3 per cent respectively.
Anita Manan, senior analyst at Experian FootFall
said: “After a long period of declining footfall, February’s
figures will come as welcome news to retailers after
the January Sales were jeopardised by this year’s cold
weather.”
Experian has also looked at insolvency trends among
retailers and found there were 92 non-food insolvencies
in January 2010, a figure that is down on the same
month last year when there were 139 insolvencies.
“Clearly the great Christmas most retailers witnessed,
coupled with various cost saving measures initiated
during 2009, has led to an increased resilience in the
sector, which has manifested itself in a lower insolvency
rate,” Manan observed.
PRoPeRtY MaRKet PeRfoRManCe
All retail capital value growth (%) All retail rental value growth (%)
4 0
3
-1
2
1 -0.2
0
-0.4
-1
-2 -0.6
-3
-0.8
-4
All retail Shopping centres
-5
-1.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
09 09 09 09 09 09 09 09 09 09 09 09 10 09 09 09 09 09 09 09 09 09 09 09 09 09
Source: IPD Monthly Market Segments Source: IPD Monthly Market Segments
The recovery in retail property investment markets continued in January, rents remain under pressure. All retail rental values declined by 0.3 per
albeit at a more pedestrian rate than the closing months of 2009. IPD cent in January. Although a slight improvement on the rate of decline in
data shows capital values for all retail increased by 1.03 per cent in December, this nevertheless marked the 20th consecutive month of
January, the slowest monthly rate of growth since August 2009. rents going backwards.
Of the various property segments, shopping centres reported the In common with capital value performance, shopping centres fared
most sluggish rate of capital value growth of just 0.5 per cent, less than less well than other retail property segments, with month-on-month
half the rate of standard shops and retail warehouses. rents declining by 0.57 per cent, despite very limited retailer fall-out and
And Stephen Springham, head of retail research at King Sturge says anecdotal evidence of a slowly improving occupier backcloth.
SHOPPING CENTRE March 2010 www.shopping-centre.co.uk
24-25-SCMar10-Data.indd 24 16/3/10 14:53:31
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