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Summary
- Retail footfall across Britain was up 8.5 per cent last week, a Springboard survey highlighted.
- Footfalls increased by 9 per cent for high streets and 9.7 per cent for retail parks during the last week as compared to a week ago.
The footfall across all the retail destinations in Britain was up 8.5 per cent last week as the shoppers anticipate an end of the ongoing lockdown, as per the latest data from the Springboard monitor. England is right now undergoing the third national lockdown, where the retail destinations are slated to reopen from 12 April as per the government’s plan.
Springboard is a leading provider of data and intelligence services on customer activity in stores and destinations in North America and Europe.
The survey figures also revealed that footfalls jumped by 9 per cent for high streets and 9.7 per cent for retail parks during the last week as compared to a week ago.
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However, taking the Easter weekend (Friday to Monday) into account, footfall was 7.6 per cent lower as compared to the same period a week ago.
Springboard’s marketing and insights director Diane Wehrle said that factors such as weather were favourable and therefore, last week’s footfall rose across all retail destinations as compared to a week before. Further, as warmest weather conditions prevailed in the south, it was not a surprise that this part of Britain benefited to the maximum extent, added Wehrle.
Let us now take a look at three leading retail firms in the UK – Dunelm Group Plc, Morrison Supermarkets Plc, and Marks and Spencer Plc.
Dunelm Group Plc
Dunelm Group Plc is a UK-based home furnishings retailer, headquartered in England. Today, the homeware retailer has released its trading update for the 13-week period ending 27 March. The group’s total sales were down 16.8 per cent to £236.6 million for Q3 2021 (Q3 2020: £284.4 million).
The analysts estimate for a profit before tax for FY 2021 was £120-£125 million. The company expected to end the year ahead of the top end.
Nick Wilkinson, chief executive officer, Dunelm, said that despite not being able to open most of the stores during Q3 2021, the digital channels have enabled us to cover over 83 per cent of the group sales from the corresponding period during the previous year.
The company’s share price (LON: DNLM) was up 2.23 per cent to GBX 1378.00 on Thursday, 8 April at 9.49 AM.
Morrison Supermarkets Plc
Morrison Supermarkets Plc is the fourth largest supermarkets chain in the UK. The group’s profit before tax for FY 2021 ending 31 January slumped by 62.1 per cent to £165 million (FY 2020: £435 million).
The company’s share price (LON: MRW) was up 0.95 per cent to GBX 185.65 at 10.04 AM on Thursday.
Marks & Spencer Group Plc
Marks and Spencer Plc is a multinational retailer based out of London. The company earned a revenue of £2529 million for Q3 2020 (at constant prices) for the UK region, down 8.2 per cent as compared to the third quarter of the previous year. The group’s international revenue fell 10.2 per cent to £239 million.
The company’s share price (LON: MKS) was up 0.26 per cent to GBX 157.55 at 10.11 AM on 8 April.
