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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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Points
  • 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