FSP featured in Retail Gazette, in a piece about the unexpected drop in footfall across shopping centres and retail parks.
I’d suggest in part the relative change is due to the nature of the locations and time of year. You have to build in the fact that, after Christmas, people are shopped out. So, retail parks and shopping centres, by dint of their singular purpose, are notoriously quiet at this time.
This explanation doesn’t account for the year-on-year decline reported by BRC-Springboard, but McVicker argues that in the long term they will fair better.
“The central problem for the high street is its fragmented ownership. This means there is no consistency of approach across individual towns and high streets in general,” he said.
“So, in the longer term, shopping centres really are better placed to react to what the market wants.”
Read the full article in Retail Gazette here