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Non-food retail statistics look positive

Ipsos has revealed that its footfall index for the UK was positive in June when contrasted with the month before.

Tim Denison, a director of Ipsos Retail Performance, has said:

 

“The return of shoppers to the high street has been a gradual process, as confidence in the economy and household financial security has grown. The fact that progress has been slow is by no means a bad thing, far better than a return to the ‘famine’ or ‘feast’ mentality that has dogged the past.”

 

According to Dr Denison, most retailers have enjoyed their best six months since 2009. This means that the underlying economy appears to have strengthened significantly. This must have consequences for the confidence of the bulk of consumers. People are seemingly more likely to purchase wood flooring around North Wales, for example, than they once were.

The optimistic footfall figures were influenced by a few other factors. For instance, it has been suggested that they were boosted by early summer sales. Apparently, the sales were launched one week before they had been during 2013. In June of that year, the figures were slightly better, but to be clear the performance divide between the two years has been narrowing consistently on a monthly basis.

Shopping routines were not as affected by the World Cup as they might have been. This was in part because of the time difference between Brazil and the UK. However, the fact that the England team got knocked out during the group stage might also have been of some relevance in this context.

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