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Fundamental Forex Analysis

UK shops see an 80% drop in the visitors in May – BRC

According to the British Retail Consortium (BRC), the UK reported an 81.6 % drop in the number of shoppers visiting the malls, shopping parks etc., in light of the coronavirus pandemic-imposed lockdown.

Key takeaways

The footfall data showed a slight improvement on the 84.7% decline seen in April as some garden centres and homeware shops reopened during May.

BRC Chief Executive Helen Dickinson said: “A mix of low consumer confidence and limits on the number of people able to enter stores mean that many shops will continue to suffer lower footfall – and lower sales – for some time to come.”

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