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Summary
- UK’s retail footfall has recovered considerably in April, surging by 240.8 per cent from a year ago.
- April’s footfall stood at 32.9 per cent, almost a third of April 2019 levels.
- High streets recorded a 42 per cent decline in footfalls in April.
UK’s retail footfall has considerably recovered in April as lockdown curbs were eased and non-essential shops opened after a year of lockdown. According to latest released data, retail footfall in April increased 240.8 per cent compared to a year ago, primarily due to a low base effect.
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The monthly data by Springboard showed that April’s retail footfall at 32.9 per cent was almost a third of April 2019 levels. March footfall was 55 per cent lower than 2019 levels. High streets recorded a 42 per cent decline in footfalls in April while shopping centres saw a 39 per cent drop and retail parks recorded a 7.4 per cent dip, compared to 2019 levels.
Springboard’s marketing and insights director Diane Wehrle said that footfalls are expected to improve further as indoor hospitality reopens in the next few weeks, which is also dependent on how much work from office resumes, employment impact after furlough scheme ends in September, and pick up in overseas and domestic travel.
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Here is a look at top 3 FTSE 100 retail stocks by market capitalisation:
Next Plc (LON: NXT)
The company said its full price sales in the thirteen weeks up to May 1 were lower than two years ago by just 1.5 per cent. The company’s earlier guidance had stated that full price sales in the first quarter would be down by 10 per cent, which the company beat by £75m.
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The company increased its guidance for full year profit before tax by £20 million to £720 million, though it kept its sales guidance unchanged at a growth of 3 per cent from two years ago. The company’s total online sales were up by 65 per cent.
(Source: EODHD/Others, Thomson Reuters)
The shares of the company were trading at GBX 8,384, up by 3.10 per cent on 6 May at 11:28 GMT+1. The company has a market capitalisation of £10,803.46 million. Meanwhile, the benchmark index, FTSE 100 was up 0.16 per cent at 7,050.59.
JD Sports Fashion Plc (LON: JD.)
For the year ended 30 January 2021, the company’s revenue came in at £6,167.3 million compared to £6,110.8 million a year ago. Its operating profit fell to £482.3 million compared to £516.9 million last year.
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The company’s executive chairman Peter Cowgill said that despite challenges due to temporary store closures, the company’s own estimate is that its headline profit before tax for the year ending 29 January 2022 would be between £475 million to £500 million.
(Source: EODHD/Others, Thomson Reuters)
The shares of the company were trading at GBX 912.03, up by 0.09 per cent on 5 May at 11:43 GMT+1. The company has a market capitalisation of £9,398.12 million.
Kingfisher Plc (LON: KGF)
The company’s total sale at constant currency was up 6.8 per cent at £12,343 million for the year ended 31 January 2021, compared to £11,513 million a year ago. Operating profit increased by 223.7 per cent to £916 million compared to £283 million.
Online sales in FY 20-21, accounted for 18 per cent of the total group sales, up from 8 per cent a year ago. CEO Thierry Garnier said that the company was confident to continue outperforming in their wider markets.
(Source: EODHD/Others, Thomson Reuters)
The shares of the company were trading at GBX 365.14, down by 0.95 per cent on 5 May at 12:06 GMT+1. It has a market capitalisation of £7,763.04 million.
