Consumer Confidence

It’s not all just fun and games

The UK toy industry reported that its annual sales dropped by nearly £200m in 2023. Sales dropped by 5% to…

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Retail sales drop 3.2% in December, ONS says

Retail sales volumes are estimated to have fallen by 3.2% in December 2023, from a rise of 1.4% in November…

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Currys profits to exceed expectations despite revenue dip

Currys expects full-year profits to be above expectations despite UK&I revenues dipping 3% during the 10 weeks ended 6 January. …

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Festive period fails to boost retail sales, BRC finds

Total retail sales in the UK rose by only 1.7% in December, against a growth of 6.9% the prior year,…

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Today’s news in brief-21/12/23

Frasers Group has confirmed its acquisition of the Matches business from MF Intermediate Limited in a deal estimated at £52m.…

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4,500 retailers in critical financial distress, new data reveals

Nearly 4,500 retailers are now in critical financial distress as poor consumer confidence, “sticky” inflation, and elevated interest rates force…

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Today’s news in brief-15/12/23

Amazon has emerged victorious in a £215m tax dispute with the EU Commission. The European Court of Justice dismissed the…

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Consumer confidence improves during December

Consumer confidence improved two points during December to -22 as sentiment improved ahead of Christmas. All five measures were up…

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Today’s news in brief- 1/11/23

Matthew Moulding, the founder of THG, has acquired a 3.2% stake in Kelso Group, a shareholder critical of THG’s business…

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Early signs of footfall recovery ahead of festive trading, BRC finds

The retail sector experienced early signs of footfall recovery in November as total UK footfall decreased by 0.7% in November(YoY),…

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