9 October 2018
According to the National ShopperTrak Index, revenues generated by the beginning of the school year were unable to compensate for the fall in consumption stemming from the end of the summer holidays. So far this year, footfall in Spain’s malls has fallen in seven of the nine months analysed.
Footfall dropped once again in Spanish shopping centres. Traffic in Spain’s shopping centres fell by 1.7% in September compared to the same month last year, according to the National ShopperTrak Index. The decrease came after a rise in footfall during August of 1.4%, year-on-year.
Monthly, footfall slumped by 6.3% in September. ShopperTrak linked to retreat to the end of the summer holidays, as revenues stemming from the beginning of the school year failed to make up for the seasonal variation. The retail intelligence firm argued that abnormally high temperatures in September also led to a reduction in spending on gear for the coming colder weather.
Footfall in Spain’s shopping centres began the year with a fall of 0.3% in January. In February, footfall increased by 1%, but then fell again during five consecutive between March and July. August saw a brief upturn with year-on-year growth of 1.4%.
Original Story: EjePrime
Translation: Richard Turner