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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Jun- 2023 -19 JuneElectrical
MusicMagpie earnings in line with expectations in H1
MusicMagpie has revealed that first half EBITDA increased 7.7%, a figure that is in line with board expectations, for the unaudited period ended 31 May. The news comes after a “challenging” start to the year, with postal strikes and low consumer confidence impacting December and January sales. However, the group’s…
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15 JuneClothing & Shoes
N Brown Q1 sales hampered by poor weather
N Brown has seen revenues fall by 9.9% to £148.7m in its first quarter of trading, attributed to poor weather at the start of Spring as well as lower consumer confidence over the period. In the quarter ended 3 June 2023, product revenue fell by 11.9% to £93.6m, while Financial…
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6 JuneHigh Street
Retail sales slow despite bank holiday boost
The ONS has reported that UK total retail sales increased by 3.9% in the four weeks between 30 April and 27 May, yet were still below the three-month average growth of 4.7% despite three bank holidays taking place in one month. However, May retail sales improved upon a 1.1% decline…
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6 JuneOnline & Digital
N Brown profits plunge over 80% in FY23
N Brown has seen its pre-tax profit plummet by 82.6% to £7.5m in FY23, down from £43.1m the year before, as the group grappled with a challenging market with inflation impacting both customer spend and its cost base. On a statutory basis, the group fell to a pre-tax loss of…
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May- 2023 -26 MayHigh Street
April retail sales rise by 0.5%
The Office for National Statistics has revealed that retail sales volumes rose by an estimated 0.5% in April, following a fall of 1.2% in March. This comes as sales volumes rose by 0.8% in the three months to April when compared with the previous three months – the highest rate…
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25 MayComment
Finding the affordability niche in the market and supporting consumers through the cost of living crisis
The FMCG market is evolving as the cost of living and inflation take hold, and it’s having a huge impact on consumer spending as many people turn away from household names in favour of high-quality, smaller brand alternatives. Consumer behaviour is changing as budgets get tighter Consumers are now seeking…
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24 MayFeatures
Will businesses survive after entering into administration?
Can you tell me about yourself? I am a chartered accountant and I lead the expanding retail and consumer goods sector, responsible for defining and implementing the Mazars strategy for our consumer clients. I’m also a consulting partner that brings insight and value to clients by directing our full suite…
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19 MayNews
Consumer confidence up by three points in May
GfK’s long-running consumer confidence index increased three points to -27 in May. The index measuring changes in personal finances during the last 12 months is up one point at -20, which is two points better than May 2022. The forecast for personal finances over the next 12 months increased five…
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9 MayClothing & Shoes
Retail sales rise 5.1% in April
Total retail sales increased by 5.1% in April 2023, against a decline of 0.3% in the same month last year, according to the BRC-KPMG Retail Sales Monitor. This is in line with the three-month average growth of 5.1% and above the 12-month average growth of 3.0%. Like-for-like retail sales increased…
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2 MayClothing & Shoes
Shop price inflation falls for first time in 2023
Shop price inflation is thought to have peaked in the first week of April, according to the BRC, after it declined to 8.8%, down slightly from 8.9% in March. Despite the fall, it remains at record-highs in some areas, and continued to exceed the three-month average of 8.7%. Meanwhile, food…
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