UK high streets suffer worst July trading since 2009 due to heavy rainfall

South Africa News News

UK high streets suffer worst July trading since 2009 due to heavy rainfall
South Africa Latest News,South Africa Headlines
  • 📰 LBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 74%

Record rainfall means the High Street suffered from the worst July in 14 years:

Footfall dropped by 0.3% between June and July this year, representing the first contraction in July trading since 2009, according to retail analysis firm Springboard.

Springboard said the cost of living crisis and rail strikes also contributed to a lacklustre month for the High Street, predicting shoppers may stay away even if August proves to be drier. "With… many holidays either paid for or taken, it is inevitable that consumers' attention will now turn towards planning for Christmas spending, which may well dampen footfall further in the latter part of the summer," said the firm's Insights Director Diane Wehrle.High Streets in coastal towns suffered particularly badly – with footfall dropping by 4.6% – as the rain kept Britons away from beaches.

Wehrle added how mortgage rates were beginning to "seep into people's finances… putting a serious squeeze on everyone."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

LBC /  🏆 17. in UK

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European IPOs fall to lowest level since 2009\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »

Northern Ireland weather: Wettest July on recordNorthern Ireland weather: Wettest July on recordFigures go back to 1836 and show double the normal amount of rain fell during the month in 2023.
Read more »

July was one of wettest on record, after warmest-ever JuneJuly was one of wettest on record, after warmest-ever JuneThis July was one of the wettest on record, coming after the warmest-ever June.
Read more »



Render Time: 2025-03-01 23:54:02