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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Aug- 2023 -8 AugustShopping Centres
Retail sales slow in July amid heavy rain
The UK’s total retail sales increased by 1.5% in the four weeks to 29 July, against the 2.3% growth experienced in the same month last year. This was below the three-month average growth of 3.5% and the 12-month average growth of 3.9%, according to BRC data. This lacklustre growth in…
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3 AugustDIY
ScS full-year profits to meet market expectations
ScS has said it expects to report that full year profits will be in line with market expectations, as the group’s cash position stands at £69.5m with no debt for the year ended 29 July. This comes as the group achieved strong like-for-like order growth of 6% from weeks 34…
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Jul- 2023 -21 JulyEconomy
Consumer confidence falls in July
Consumer confidence index dropped six points in July to -30 as “reality bites” resilient consumers amid rising inflation and interest rates, according to GfK’s long-running survey. The survey revealed that all five measures were down in comparison to last month’s announcement. The index measuring changes in personal finances during the…
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19 JulyClothing & Shoes
Hotter Shoes rescued through Woolovers deal
The future of footwear retailer Hotter Shoes has been secured following a sale of the business to Woolovers Group. Will Wright and Rick Harrison from Interpath Advisory were appointed joint administrators of Beaconsfield Footwear Limited, trading as ‘Hotter Shoes’, on 18 July 2023. Headquartered in Skelmersdale, the company is a…
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13 JulyOnline & Digital
MusicMagpie sees EBITDA rise 7.7% in H1
MusicMagpie has reported adjusted EBITDA of £2.8m, up 7.7% in H1 2023 compared with £2.6m in H1 2022, according to its interim results for the six months ended 31 May 2023. It also stated that following a challenging start to H1, with postal strikes and low consumer confidence impacting December…
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11 JulyEconomy
UK retail sales rise 5% in June
Total retail sales in the UK were up 4.9% in June, compared with a 1% decline in June 2022, according to data from the British Retail Consortium. This 4.9% increase is above the three month rolling average of 4.6% and above the 12 month rolling average of 4%. As well…
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7 JulyHigh Street
Heatwave dampens June footfall
Footfall fell -1.9% in the five weeks from 28 May to 01 July 2023 as hot weather meant that shoppers strayed from the high street, according to BRC-Sensormatic IQ data. The fall was worse than the three-month average increase of -1.1% and comes as high street footfall increased by 0.6%…
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Jun- 2023 -23 JuneEconomy
Consumer confidence improves by a further three points in June
GfK’s long-running Consumer Confidence Index increased three points to -24 in June. after three measures improved, one was down and one was unchanged in comparison with the previous month. The index measuring changes in personal finances during the last 12 months was up five points at -15; this is eight…
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21 JuneClothing & Shoes
M&Co relaunches website under new ownership
M&Co has launched a new website following its acquisition by AK Retail Holdings earlier this year. The new website features a redesigned platform with a “fresh and modern” design, having undergone a comprehensive transformation to “reinvigorate” its online offering. It displays a first look at the brand’s expanded product range…
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20 JuneOnline & Digital
Gear4music falls to £0.4m loss in FY23
Gear4music has reported a loss after tax of £0.4m for the full year ended 31 March 2023, despite its revenue increasing by 3% to £152m. The online musical instruments retailer also reported EBITDA of £7.4m which is 34% below FY22 and 5% below FY20. According to the CEO of Gear4music,…
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