Opening of indoor dining improves retail economy slightly, but blue sky for the coming bank holiday weekend will be a welcome boost.
Footfall remains 25.3% below the level of 2019, although retail parks have all-but returned to the traffic of two years’ ago.
Scotland re-opened non-essential retail last week, causing week on week traffic to rise by 75%, but will be disappointed that footfall remains 26% below the level of the same week in 2019.
Retail parks continue to recover faster than any other type of shopping destination, and footfall is now 2% higher than the same week of 2019.
Sales for watches priced at £5,000 to £10,000 were up by 26.9% in March and the over £10,000 price category rose by 9.9%.
However, there are still 25% fewer shoppers in the UK compared to the same week in April 2019 before the pandemic .
Chrono24 is reporting extreme volatility for watches fueled by concurrent announcements and rampant rumours of model discontinuations.
Central London is experiencing the sharpest improvement in retail traffic, Springboard reports, with footfall up 153% since last week.
The UK is living through the toughest lock down restrictions in the world, according to the Oxford Covid 19 Government Response Stringency Index, while the United States is close to the global average.
Patek Philippe made no fewer than 13 out of the 22 watches that sold for more than CHF 1 million ($1.07m) at auctions by Phillips, Christie's and Sotheby's last year.