Data from Ipsos Retail Performance's Retail Traffic Index (RTI) shows that UK non-food retail footfall hit its summer peak in the last week of July, with the seven-day period reportedly the second busiest shopping week of the year. As the holiday period continues over August, however, retail footfall is expected to decline 3.6% month on month – although this is set to differ significantly by region.

The RTI figures are derived from the number of individual shoppers entering over 4,000 non-food retail stores across the UK.

Essential Retail columnist Dr Tim Denison, director at Ipsos Retail Performance, said: "We will need to wait another month or two to know whether the UK retail market is moving into a cooling off period.

"The speculation that interest rate rises could be brought forward to the end of this year may soften consumer confidence and dampen predictions for the second half of the year. Our clients nevertheless remain bullish for the rest of the year, expecting demand at Christmas to be stronger this year."

Click below for more information:

Ipsos Retail Performance