Shopper footfall tumbles in November: Stocks to watch

December 02, 2022 11:57 AM GMT | By Abhishek Sharma
 Shopper footfall tumbles in November: Stocks to watch
Image source: © Shutter999 | Megapixl.com

Highlights:

  • Shopper footfall slumped again in November, indicating consumers are putting off Christmas spending.
  • Although the holiday season is just around the corner, shoppers are reluctant to visit the shopping centres amid the high cost of living.

The rising cost of living restricts the consumers' purchasing power as they cut down on spending due to record-high inflation. Although the holiday season is just around the corner, shoppers are reluctant to visit the shopping centres.

As per the British Retail Consortium-Sensormatic IQ data, shopper footfall slumped again in November, indicating that consumers are putting off Christmas spending. Compared to the pre-pandemic levels, shopper footfall during the month was 13.3% lower. Against October, it was 1.5% lower.

Image source: Rawpixel.com,Shutterstock

The footfall at British high street stores was 13.6% lower than in November 2019, 2% down than in October. Shopping centres saw even fewer visits, which were 23.3% lower than in November 2019. The decline was relatively lesser at retail parks at 4.2%.

Another data for Scotland showed that shopper footfall tumbled 15% last month compared to November 2019. Shopping centre visits fell by 27.6%, data from the Scottish Retail Consortium (SRC) showed. This is worse than the decline witnessed across the whole UK. However, compared to last year's numbers, overall shop visits in Scotland jumped by 15.9%. Shopping centres also saw 23% more visits than last year.

Amid the latest data on shopper footfall, let us explore a few retail stocks on the London Stock Exchange.

Next Plc (LON: NXT)

Next Plc operates high street stores and a digital store and retails in apparel, accessories, and home improvement products. The company has acquired most of the clothing retailer Joules out of administration. It will own 74% of the equity in the company. With a market cap of £7,515.37 million, Next holds an EPS of 5.31 as of 2 December. Its 12-month and YTD returns are currently at -27.49% and -28.66%. Its last close was at GBX 5,814.00 on Thursday.

Marks & Spencer Plc (LON: MKS)

Another London-listed retailer is Marks and Spencer, which sells food, clothing, accessories, and other products. The FTSE 250 constituent has a market cap of £2,407.36 million and an EPS of 0.16 as of 2 December. Over the past year, its share value has depreciated by 48.36%. The shares closed at GBX 122.55 in the previous trading session.

Kingfisher Plc (LON: KGF)

Kingfisher is a home improvement company belonging to the FTSE 100 index. The firm holds a market cap of £4,812.68 million as of 2 December. The EPS is positive at 0.40, but the one-year returns currently stand in the negative territory at -23.66%. The stock closed at GBX 246.50 in the previous trading session.

Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next