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Highlights
- In the week after Christmas, retail spots across the UK witnessed a fall in footfall by more than a quarter, as per Springboard.
- The ending of 2022 witnessed a surge in footfall on Boxing Day, when it was 39% more as compared to 2021.
- New Year's Eve saw the smallest difference in footfall between the end of 2021 and 2022.
In the week following Christmas, retail spots across the UK witnessed a drop in footfall by more than a quarter. Latest figures by retail expert Springboard have revealed that the footfall was 28% lower last week in comparison with the week before, and it was down 20% against the same week in 2019.
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Compared to the same week in 2021, when the UK was still facing the pandemic-related curbs, last week’s numbers were only 7.2% higher. Nevertheless, Springboard said a significant portion of the variance was because of the fact that the last week began on Christmas Day, when the footfall is at its lowest level, while a year ago, it started on Boxing Day.
The end of 2022 witnessed a surge in footfall on Boxing Day, when it was 39% more as compared to 2021. New Year’s eve saw the smallest difference in footfall between the end of 2021 and 2022, with footfall only 1.9% elevated in the latter.
Taking the recent decline in retail footfall into account, Kalkine Media® explores three retail stocks which investors can explore in 2023.
Hostelworld Group plc (LON:HSW)
The yearly and YTD (year to date) returns given by Hostelworld Group plc, which is the industry leader in internet and direct marketing retail, stood at 67.88% and -0.17%, respectively, as of 30 December. As the market closed on the day, HSW shares price stood at GBX 115.20. The group’s market capitalisation stood at £135.37 million as of writing. Meanwhile, its EPS (earning per share) stood at -0.31.
Card Factory plc (LON: CARD)
The yearly and YTD returns given by Card Factory plc, which is the speciality retail company dedicated to greeting cards and gifts, stood at 32.12% and 0.87%, respectively, as of 30 December. As the market closed on the day, CARD share price stood at GBX 78.20. The group’s market capitalisation stood at £267.94 million as of writing. Meanwhile, its EPS stood at 0.02.
Lookers plc (LON: LOOK)
The yearly and YTD returns given by Lookers plc, which is the speciality retail business centred around car dealerships, stood at 16.84% and 1.97%, respectively, as of 30 December. As the market closed on the day, LOOK share price stood at GBX 76.20. The group’s market capitalisation stood at £294.66 million as of writing. Meanwhile, its EPS stood at 0.16.
