Bad weather can impact on footfall, especially in traditional open retail centres like the High Street. During traditional peaks like Easter, bad weather can reduce footfall by around 5% according to Springboard who collect footfall data in retail centres across the UK. But good weather doesn’t impact as positively on retail footfall as consumers often find other things to do when the sun shines – like visiting the seaside, parks and other attractions.
Retailers have to be very good at predicting the weather (and pay the Met Office to provide this insight) – as staffing levels and product ranges need to be sensitive to changes in both temperature and precipitation. Many maths graduates go on to careers with grocery retailers modelling the relationships between weather, consumer demand and the subsequent impact this then has to have on retail operations. Just how many barbecues do we need to put out on display next Saturday?
We are just about to start a big project that will analyse 9 years of hourly footfall data against 9 years of hourly weather data! For the first time the project consortium, led by researchers at MMU and Cardiff University, will be able to fully understand how weather changes consumer behaviour and retail sales in specific locations – not just in comparison shopping centres, but also in seaside and holiday or tourist destinations.
For more information on this project follow the link
And read this blog for more ‘soft launch stories’ around this research