World Cup effect hits retail footfall

Retailers took a knock to their footfall on Saturday due to the World Cup fever that has captured the nation, according to a new report.

World Cup effect hits retail footfall

There was a 4.7% year-on-year drop in retail footfall on the day due to many Britons getting ready to watch England's first World Cup match against the USA.

According to the figures from Experian-owned company Footfall, the number of shoppers out spending was one of the lowest since April.

However, the high street is still showing signs of growth with the average performance from the last five Saturdays up by 3.5% from last year.

While many retailers are showing steady signs of recovery, the four biggest supermarkets are struggling to boost sales growth this year following a bumper 2009 where many consumers opted for the cheap option of spending money on food in supermarkets over dining out.

Tesco and Sainsbury are expected this week to reveal an abrupt slowdown in sales growth to 1.5% when they announce trading figures covering the last three months.

This could be reduced by a further 1% if the effect of January's VAT rise is stripped out. Last month Morrisons revealed only a 0.8% sales growth while Asda reported its first decline in four years.

In contrast, smaller supermarkets such as Aldi, Waitrose and Iceland have seen stronger sales growth.

 

 

 

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