Retailers may want to upgrade stores as consumers prepare to boost brick-and-mortar spending this spring
Published
Apr 06 2021 at 12:30 PM GMT
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- Compared with the same period last year, in-store foot traffic is up 12.5%, according to recent data from Small Business Trends, with foot traffic increasing by 28.
- The rise in foot traffic was likely jump-started by the COVID-19 vaccine rollout, which began in late 2020.
- Going forward, there could be a bigger jump in foot traffic as consumers plan springtime shopping sprees.
- Sixty-two percent of consumers plan to shop in-store at least once per week, according to a March 2021 report by The Harris Poll.
- And just how much they spend depends in part on how well the COVID-19 vaccine rollout goes: 61% of households with incomes over $100,000 say that vaccine distribution has at least some influence on their spending plans this year.
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- Published Apr 6, 2021 12:30 PM GMT