focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 9,392.00
Bid: 9,372.00
Ask: 9,376.00
Change: 58.00 (0.62%)
Spread: 4.00 (0.043%)
Open: 9,344.00
High: 9,402.00
Low: 9,228.00
Prev. Close: 9,334.00
NXT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK high street footfall is hit as retail feels early blow from Plan B

Mon, 13th Dec 2021 14:28

(Alliance News) - UK retail footfall dropped last week, according to data on Monday, with consumers even shying away from high streets on Saturday, a typically busy day.

Numbers from retail insights firm Springboard showed footfall declined by 1.1% on a weekly basis in the seven days to December 11. A week earlier, footfall had risen 0.7% weekly.

"Whilst Plan B restrictions, such as advice to work from home if possible, don't come into force until today, it appears to have already had an impact last week," Springboard Insights Director Diane Wehrle commented on Monday.

It is typically around this part of the year that the sector sees a boost in footfall as shoppers flood retail destinations for Christmas shopping. This boost did not materialise last week, however, Wehrle noted.

"The week as a whole was impacted by a particularly poor result on Tuesday when there was a double-digit decline from the week before, undoubtedly due to severe weather, however footfall on Saturday - the peak trading day - was subdued with a marginal drop from the week before," Wehrle added.

Consumers are once again mindful of the spread of Covid-19, following the emergence of the Omicron variant. In a televised, pre-recorded address on Sunday, UK Prime Minister Boris Johnson said Britain "must urgently reinforce our wall of vaccine protection" as he set a new deadline of jabbing everyone over 18 by the new year.

He warned of a "tidal wave of Omicron" that could cause "very many deaths".

Shares in London-listed retailers were weaker on Monday. Next PLC fell by 0.2%, JD Sports Fashion PLC by 0.9% and Burberry Group PLC by 1.8%. Associated British Foods PLC, the owner of high street chain Primark, lost 0.6%.

The UK's Plan B measures come into force this week, including a return to work from home guidance on Monday and mandatory Covid passports for large venues from Wednesday.

The use of face coverings in more settings, including cinemas, theatres and churches, was required as of last week Friday.

Springboard's Wehrle explained the compulsory mask-wearing is likely to "have increased nervousness amongst consumers".

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
1 Feb 2024 13:34

Broker tips: Next, Marshalls, easyJet

(Sharecast News) - Barclays downgraded Next to 'equalweight' from 'overweight' on Thursday but lifted the price target to 8,500p from 8,250p, as it said the valuation is now reasonable.

Read more
1 Feb 2024 09:46

Barclays downgrades Next, says shares up with events

(Sharecast News) - Barclays downgraded Next on Thursday to 'equalweight' from 'overweight' but lifted the price target to 8,500p from 8,250p, as it said the valuation is now reasonable.

Read more
1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
1 Feb 2024 07:42

LONDON BRIEFING: Shell profit falls; announces USD3.5 billion buyback

(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision.

Read more
19 Jan 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 edges up despite poor UK retail sales

(Alliance News) - The FTSE 100 edged higher on Friday at around midday, though the pound struggled after data showed that UK retail sales plunged in December.

Read more
19 Jan 2024 08:50

LONDON MARKET OPEN: FTSE 100 rises amid UK shock retail sales print

(Alliance News) - Stock prices in London outperformed on Friday's market open, after weaker-than-expected UK retail sales data appeared to stoke hopes of an earlier interest rate cut.

Read more
18 Jan 2024 09:16

LONDON BROKER RATINGS: Exane BNP cuts BAE; Liberum lifts Naked Wines

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
17 Jan 2024 12:36

IN BRIEF: Next adds Hargreaves Lansdown CFO Amy Stirling to board

Next PLC - Leicester, England-based clothing and homewares retailer - Appoints Amy Stirling to its board as an independent non-executive director, starting April 2. Stirling is the chief financial officer of wealth management platform operator Hargreaves Lansdown PLC. She joined Hargreaves in February 2022, having previously been CFO of the Virgin Group.

Read more
11 Jan 2024 12:02

Partying Britons boost Tesco and M&S at Christmas but cautious for new year

LONDON, Jan 11 (Reuters) - Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic conditions.

Read more
10 Jan 2024 11:16

UK's Sainsbury's in contact with government over Red Sea disruption

LONDON, Jan 10 (Reuters) - Sainsbury's is in regular contact with the UK government about the disruption to shipping in the Red Sea, the supermarket group said on Wednesday, in a sign of the nervousness of major importers about securing supplies.

Read more
10 Jan 2024 06:00

Retailers rush to avoid delays to spring collections due to Red Sea attacks

NEW YORK/LONDON, Jan 10 (Reuters) - Retailers worldwide are stocking up on goods before China's Lunar New Year holiday and seeking air or rail alternatives to transportation via the Red Sea in a scramble to avoid empty shelves this spring, executives and experts told Reuters.

Read more
9 Jan 2024 09:47

UK's B&M not expecting material impact from Red Sea attacks

LONDON, Jan 9 (Reuters) - British discount chain B&M does not expect any material impact from disruption to shipments through the Suez Canal due to attacks by Iran-backed Yemeni Houthi militants in the Red Sea, its CEO said on Tuesday.

Read more
9 Jan 2024 00:01

UK retailers report subdued Christmas spending: BRC

LONDON, Jan 9 (Reuters) - British retailers reported lacklustre sales around Christmas, according to industry data released on Tuesday which may add to concerns that the economy has tipped into a mild recession, less than a year before a likely national election.

Read more
8 Jan 2024 09:24

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
8 Jan 2024 07:17

LondonMetric buys warehouse for £21.2m for let to Next

(Sharecast News) - LondonMetric Property said it had bought a warehouse in Doncaster for £21.2m which will be let to fashion retailer Next for 13 years.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.