Here is a graph of the monthly change in footfall (compared to the same month last year) sourced from
https://cityco.com/report/city-centre-monthly-footfall-trends/
This is a KPI of the general High St and the graph reveals how Manchester compares to the national trend (specifically Manchester is Market St, Exchange Square, St Annes Square, and King St).
Points to note:
1) Nationally the' High Street' has had a bad year,
2) Manchester has underperformed the UK - very significantly.
The graph covers just a 12 month period, but the UK High Street has been struggling for a long time, and it's structural.
There are other areas of course in which Manchester is booming (such as property construction).
This change is despite the impact of growth in the population of Manchester city centre which makes it more significant.
It may reflect changes in Manchester City centre as it is focused solely on 4 sites in the City centre. Is some footfall moving to other City centre locations? It's possible, but I don't think so. I live in Manchester and I have been aware of this change for some time. Are their wider regional trends such as a shift in shopping from Manchester to the Trafford Centre?
What is going on? I am not aware of Manchester facing a new geographical commercial rival, nor do I think that Manchester had a comparatively strong 2018 which could distort the figures.
This is relevant to City in respect of the Etihad's location at the edge of the city centre and in respect of transport which we frequently discuss.
Locally and nationally look out now for retail failures. January is traditonally a month where struggling retailers finally throw in the towel.