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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Jan- 2024 -18 JanuaryElectrical
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. During the quarter, the electronics retailer also recorded a 6% drop in like-for-like sales in the Nordic region and a 4% drop in Greece. Despite this, the company said it…
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9 JanuaryHigh Street
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, as Christmas failed to “make amends” for what was a challenging year in retail. December’s growth was below the three-month average growth of 2.3%, and below the 12-month average growth…
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Dec- 2023 -21 DecemberNews
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. The deal involves the purchase of 100% of the shares of six companies, along with the senior and junior debt owed by these entities. The transaction, to be settled in…
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21 DecemberNews
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 consumers to hold back from spending big, even in the run up to Christmas, according to new data from Begbies Traynor. Following its findings, which analysed the first 10 weeks…
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15 DecemberNews
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 Commission’s claims that Amazon had entered into a deal with Luxembourg allowing it to avoid 75% of its EU tax. The court ruled that the Commission failed to prove that…
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15 DecemberEconomy
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 in comparison to last month’s announcement. The index measuring changes in personal finances during the last year is up two points at -14; this is 14 points better than December…
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1 DecemberNews
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 leadership. Moulding’s investment of approximately £300,000 comes amid Kelso’s consistent claims that THG is undervalued, advocating for the separation of its divisions. Kelso, launched in 2022, raised £3m to invest…
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1 DecemberHigh Street
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), an improvement on -5.7% in October, according to the latest data from the BRC. High Street footfall decreased by 1.7%, an improvement on -4.6% in October, whereas Retail Parks again…
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Nov- 2023 -20 NovemberNews
Today’s news in brief-20/11/23
Van hire firm Redde Northgate has reportedly approached Halfords with a proposed £1.3bn merger deal, indicating a nil-premium merger. Talks between the two companies took place, but Halfords reportedly deemed the offer as significantly undervaluing the business. Halfords, boasting nearly 400 stores and 650 garages, is valued at £512m, while…
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20 NovemberElectrical
Music Magpie in talks over potential sale
The board of Music Magpie has confirmed that it is in preliminary talks with BT Group plc and Aurelius Group over a potential offer to purchase all of MusicMagpie’s issued and to-be-issued share capital. It stated that discussions between the parties are ongoing and remain at a very early stage.…
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