Consumer Confidence
This coverage explores trends and insights into consumer confidence and their impact on the UK retail sector. Reporting includes survey data, economic indicators, shopper sentiment, and analysis of how confidence levels influence spending patterns, sales performance, and strategic planning. Designed for retail executives and managers, it provides context for understanding demand fluctuations and preparing for market challenges.
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Feb- 2024 -29 FebruaryHigh Street
Half-term boost fails to save Feb footfall
Half-term failed to save footfall figures in February as it declined by -2.2% across UK retail destinations for the second consecutive month, largely driven by a drop in footfall of -3.5% in high streets, according to the latest figures from MRI Springboard. MRI said the start of the month was…
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23 FebruaryNews
Today’s news in brief-23/2/24
Consumer confidence in the UK dropped by two points to reach -21 in February, according to the GfK index. The survey highlighted decreases in various measures compared to the previous month, including personal finances and the country’s economic situation over the past year. However, there was no change in the…
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23 FebruaryEconomy
Consumer confidence falls in February
UK consumer confidence dropped two points in February to -21, according to GfK’s long-running index. The survey revealed that four measures were down and one was unchanged in comparison to last month’s announcement. The index measuring changes in personal finances during the last year was down two points at -14.…
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21 FebruaryDepartment Stores
Angling Direct sees group revenues rise to £81.7m
Fishing tackle retailer Angling Direct has reported a 10.2% increase in revenue to £81.7m for the year ended 31 January 2024, despite facing a “challenging” consumer landscape and disruption to fishing caused by storms in the final few weeks of FY24. The group’s UK store sales were up 7.6% to…
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19 FebruaryFeatures
Why are many big brands going into administration?
2023 has been a tough year for the United Kingdom’s economy — and economic challenges have widely been echoed particularly in the retail sector, with profile retail giants such as Wilko going bust after efforts to rescue the company failed. In the footsteps of last year’s events, it appears that…
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16 FebruaryNews
Today’s news in brief-16/2/24
In January 2024, the UK experienced a significant rebound in retail sales, rising by 3.4% following a 3.2% decline in December. This surge, the largest since April 2021, comes amidst continued inflation, with prices increasing by 4% in January. Despite the rise in prices, consumer spending increased by 3.9%, indicating…
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16 FebruaryEconomy
Retail sales jump 3.4% giving optimism despite recession
Retail sales in the UK jumped 3.4% in January 2024 after falling 3.2% in December, according to data from the Office for National Statistics. This is the biggest rise in retail sales since April 2021 when the UK had just emerged from the third covid lockdown. The price of goods…
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2 FebruaryEconomy
Two in five FTSE retailers issued profit warnings last year
The percentage of UK-listed companies issuing profit warnings last year hit 18.2%, exceeding the levels seen at the peak of the financial crisis in 2008, according to new findings from EY. In particular, the rate of profit warnings remained high for FTSE retailers, with two in every five FTSE retailers…
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Jan- 2024 -31 JanuaryFeatures
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 £3.5bn, according to the annual toy industry report by the market research company Circana. The report stated that the decline reflected the broader impacts of challenging UK economic conditions. So,…
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19 JanuaryNews
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 2023, the ONS has revealed. December’s decrease was the largest monthly fall since January 2021, when Covid-19 restrictions affected sales. Looking at the quarterly picture, sales volumes fell by 0.9%…
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