Footfall Insights February 2025

22/02/2025 12 min Temporada 13 Episodio 24
Footfall Insights February 2025

Listen "Footfall Insights February 2025"

Episode Synopsis

Send us a textDiane Wehrle CEO at Rendle Intelligence and Insights joins Simon for their monthly chat about footfall trends and shopping behavioursAs 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 #theproductivityexpertsRegister for the 2026 Productivity ForumFind us in the Top 50 Productivity PodcastsConnect to Simon on LinkedInFollow ReThink on LinkedIn