Wednesday 18 September 2019

North's shops see November bounce

Shopping in the North grew by 3.5pc in November (Stock picture)
Shopping in the North grew by 3.5pc in November (Stock picture)

Margaret Canning

Retail footfall in Northern Ireland grew 3.5pc in November, in a sign traders are benefiting from a cross-Border Brexit bounce.

There was growth across main streets, retail parks and shopping centres, according to information service Springboard. The North was the only UK region to experience growth across all three.

Footfall on the North's main shopping streets saw an increase of just under 5pc year-on-year - contrasting with a 7.9pc fall recorded in November 2015.

Aodhán Connolly, director of the Northern Ireland Retail Consortium, said the growth in footfall was delivering an economic boost.

"It is hugely encouraging in the run-up to our busiest time of year that consumers are showing their commitment to shops across Northern Ireland," he said.

"The overall footfall growth rate of 3.5pc is our best performance in more than two years."

Research by Goodbody Stockbrokers has shown a stark connection between the declines in sterling and cross-Border shopping since the June Brexit vote.

The level of traffic crossing the border has increased by as much as 30pc on Saturdays since the June vote - a prime time for bargain hunters from the Republic to take advantage of currency volatility.

Irish Independent

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