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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Mar- 2023 -2 MarchEconomy
Shop Price inflation hits 8.4% in February
Shop price inflation reached a record high in February amid warnings that consumers are unlikely to see prices dropping again for months, according to the latest figures from the British Retail Consortium (BRC). Shop Price annual inflation accelerated to 8.4% in February, up from 8.0% in January and well above…
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Feb- 2023 -24 FebruaryEconomy
UK consumer confidence rebounds to highest level since April 2022
UK consumer confidence has bounced back in February to its highest level in almost a year, demonstrating consumers’ resiliency in the face of the cost of living issue. According to the report published by Research group GfK, its index of consumer confidence rose by seven points to -38. The index,…
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23 FebruarySport & Leisure
Angling Direct revenues see uptick in FY23
Angling Direct has seen revenues rise by 2.2% to £74.1m in FY23, in line with expectations, as sales rose despite “significant” consumer headwinds across its key markets. The group said its growth was underpinned by “robust” store sales, which rose by 6.8% to £41.3m, as its store roll out strategy…
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7 FebruaryEconomy
Jan retail sales rise 4.2% but fall YOY
Total retail sales in the UK rose 4.2% in January, a marked drop off when compared with the same period in 2022 when sales rose 11.9%, according to the latest data from the BRC-KPMG retail sales monitor. The 4.2% increase is below the three month rolling average of 5.2% but…
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Jan- 2023 -31 JanuaryEconomy
Nearly half of FTSE retailers issued profit warnings in 2022
Profit warnings from UK-listed retailers increased by 48% in 2022 as rising costs prompted record levels of warnings, according to EY-Parthenon’s latest Profit Warnings report. The total profit warnings issued in 2022 increased by 50%, from 203 the previous year to 305 this year. The report discovered that over a…
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27 JanuaryHigh Street
Store Vacancies fall to 13.8% in Q4
The overall vacancy rate improved to 13.8% in the fourth quarter of 2022, which was 0.1 percentage points better than Q3 and 0.6 percentage points better than the same period last year, according to the latest BRC/LDC monitor. This was the fifth consecutive quarter of falling vacancy rates. All locations…
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23 JanuaryEconomy
Consumer confidence improves for first time in 15 months
UK consumer confidence in the final quarter of 2022 improved by half (+0.6) a percentage point, according to the latest Deloitte Consumer Tracker, marking the end of a 15-month period of consecutive decline. Deloitte said overall confidence was boosted by “significant” quarter-on-quarter improvement in sentiment towards levels of debt (+3.8…
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10 JanuaryEconomy
Retail sales rise 6.9% over Christmas
The BRC has reported that sales on a total basis increased by 6.9% in December 2022, compared with the prior increase of 2.1% in December 2021. These figures are said to be above both the three-month average growth of 4.4% and the 12-month average growth of 3.1%. Meanwhile, the UK’s…
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9 JanuaryComment
Greenwashing vs ‘Greenhushing’ – how can businesses get it right?
Greenwashing has become a popular buzzword to describe how companies potentially mislead consumers through advertising and messaging by making environmental claims about products or services that do not stand up to scrutiny. The latest casualty to face allegations of greenwashing is clothing retailer H&M, who in the US are being…
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3 JanuaryHigh Street
Low retail sales growth expected in 2023, says BRC
Retail sales are estimated to grow between 2.3% to 3.5% in 2023, according to new analysis by the British Retail Consortium. The past year has been characterised by low retail sales growth which has remained below current inflation, suggesting volumes were down compared to 2021. The trend is expected to…
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