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Footfall Insights February 2025
Manage episode 467947322 series 2794254
Diane Wehrle CEO at Rendle Intelligence and Insights joins Simon for their monthly chat about footfall trends and shopping behaviours
As the economic landscape shifts, we explore the paradox of increasing footfall yet declining sales in retail. With consumer confidence waning amidst inflation concerns and upcoming wage increases, businesses must adapt creatively to thrive in uncertainty
• Retail footfall rises by 6.6%, but sales fall by 3.2%
• Consumer confidence drops to minus 22 index score
• Inflation currently at 3%, affecting food and hospitality sectors
• Anticipated increases in National Insurance could impact businesses
• Average transaction values rise despite lower foot traffic
• Focus on innovation over cost-cutting for retail success
• February typically a slow month; preparing for changes needed
• The importance of retaining loyal customers emphasized
#theproductivityexperts
Register for the 2025 Productivity Forum
Find us in the Top 50 Productivity Podcasts
Connect to Simon on LinkedIn
Follow ReThink on LinkedIn
Chapters
1. Economic Trends and Consumer Confidence (00:00:00)
2. Revenue Strategies and Future Projections (00:11:36)
278 episodes
Manage episode 467947322 series 2794254
Diane Wehrle CEO at Rendle Intelligence and Insights joins Simon for their monthly chat about footfall trends and shopping behaviours
As the economic landscape shifts, we explore the paradox of increasing footfall yet declining sales in retail. With consumer confidence waning amidst inflation concerns and upcoming wage increases, businesses must adapt creatively to thrive in uncertainty
• Retail footfall rises by 6.6%, but sales fall by 3.2%
• Consumer confidence drops to minus 22 index score
• Inflation currently at 3%, affecting food and hospitality sectors
• Anticipated increases in National Insurance could impact businesses
• Average transaction values rise despite lower foot traffic
• Focus on innovation over cost-cutting for retail success
• February typically a slow month; preparing for changes needed
• The importance of retaining loyal customers emphasized
#theproductivityexperts
Register for the 2025 Productivity Forum
Find us in the Top 50 Productivity Podcasts
Connect to Simon on LinkedIn
Follow ReThink on LinkedIn
Chapters
1. Economic Trends and Consumer Confidence (00:00:00)
2. Revenue Strategies and Future Projections (00:11:36)
278 episodes
All episodes
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