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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Nov- 2023 -10 NovemberFeatures
Riskified: ‘There’s a sliding scale of policy abuse’
Can you tell us a little bit about your role at Riskified? I’ve been working with large enterprises for the last 15 years, focusing on the adoption of growth solutions. I joined Riskified two years ago during an interesting time when policy abuse had really started to scale and become…
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7 NovemberNews
October retail sales slow as consumers delay Christmas spending
Total UK retail sales increased by 2.5% in October, against a growth of 1.6% in October 2022 as consumers delay their Christmas spending in the hopes they can grab a bargain in the upcoming Black Friday sales, according to the BRC-KPMG Retail Sales Monitor. The total sales growth was below…
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7 NovemberNews
Watches of Switzerland Q2 revenues rise to £379m
Watches of Switzerland has reported that revenues increased to £379m in Q2 2023, up from £374m for the same period last year, due to robust demand for luxury watches. US revenue reached £165m, up 11% at constant currency. The group reported strong sales due to the opening of new mono-brand…
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3 NovemberHigh Street
October washout sees footfall drop 5.7% in October
Footfall decreased 5.7% in October as wet weather negatively impacted consumers’ willingness to visit UK highstreets, according to the latest data from MRI Springboard. It found that high street footfall decreased by 4.6% in October (YoY), down from -1.7% in September. Meanwhile, retail parks experienced a 4.3% decline, down from…
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Oct- 2023 -20 OctoberNews
Today’s news in brief-20/10/23
The Office for National Statistics (ONS) revealed a 0.9% decline in retail sales for September, following a 0.4% rise in August 2023. Over the quarter, sales volumes dropped by 0.8% compared to the previous three months. Non-food store sales were particularly affected, with a 1.9% decrease in September, attributed to…
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20 OctoberEconomy
UK consumer confidence falls ahead of festive period
GfK’s long-running consumer confidence index decreased nine points to -30 in October. All five measures were down in comparison to last month’s announcement. The index measuring changes in personal finances during the last year fell six points at -19; this is nine points better than October 2022. The forecast for…
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20 OctoberNews
Retail sales drop in September as demand for household goods wanes
Retail sales have fallen by 0.9% in September, following a rise of 0.4% in August 2023, according to the new figures from the ONS. Looking at the quarterly picture, sales volumes fell by 0.8% in the three months to September 2023 when compared with the previous three months. Non-food stores…
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Sep- 2023 -25 SeptemberNews
Today’s news in brief- 25/09/23
H&M has reversed its earlier decision to impose a processing fee of £1.99 for in-store returns of online purchases. The initial announcement had been met with public outcry. Now, H&M’s website clarifies that there will be no return fee for parcels returned in-store. However, non-H&M members will still be subject…
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25 SeptemberNews
UK consumer confidence up four points, says GFK
GfK’s long-running Consumer Confidence Index increased four points to -21 in September amid falling inflation figures, growth in wages and high interest rates. The index measuring changes in personal finances during the last year was up two points at -13; this is 15 points better than September 2022. The forecast…
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19 SeptemberNews
B&Q owner Kingfisher slashes full-year guidance
B&Q owner Kingfisher has slashed its full-year profit guidance to £590m, down from £634, as the retailer continues to face hard trading conditions. It comes as operating profit for the six months ended in July was £367m, down 30.9% from the £531m reported in the same period last year. Group…
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