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- 2023 -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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Dec- 2022 -23 DecemberHigh Street
Superdry secures £80m loan amid strong H1 sales
Superdry has revealed it has secured a new three-year financing facility of up to £80m that won’t expire until December 2025, as part of a trading update which also saw its group revenues surge 3.6% YOY. For the 26-week period ended 29 October 2022, the retailer’s ecommerce revenue also increased…
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21 DecemberClothing & Shoes
Paul Smith halves operating loss as FY sales surge 35%
Fashion retailer Paul Smith has almost halved its operating loss from £16.16m to £8.25m for the year ended 30 June, as its retail sales surged 35% to £97.1m. The group attributed the increase to an increase in footfall as its stores remained open and were unaffected by covid restrictions that…
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20 DecemberHealth & Beauty
Can beauty retailers remain resilient through the winter?
With endless economic and political uncertainty permeating the industry, it’s been hard to predict which category of retailers will fare better than others, but one thing is certain: the health and beauty industry has weathered the storm better than others. Most recently, THG reported “stable and consistent” consumer trading during…
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20 DecemberHigh Street
Shop prices surge to record highs
Shop Price annual inflation accelerated to 6.6% in October, up from 5.7% in September, according to the latest BRC and Nielsen tracker. This is above the three-month average rate of 5.5%, marking another record for shop price inflation since this index started in 2005. Food inflation accelerated strongly to 11.6%…
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16 DecemberEconomy
Consumer confidence remains at ‘historic lows’ in December
GfK’s Consumer Confidence Index increased by only two points in December to -42, with confidence still sitting at “historic lows”. This marked the eighth month in a row in which the Index has remained at around -40 or lower, the first time this has happened since the GfK’s records began…
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12 DecemberClothing & Shoes
M&Co appoints administrators
M&Co has fallen into administration after struggling with rising input costs as well as lower consumer confidence in recent months. Adele MacLeod, Gavin George Scott Park and Robert James Harding of Teneo Financial Advisory Limited were appointed joint administrators on 9 December, a statement on the retailer’s website confirmed. According…
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2 DecemberAdvice
Tips for making a success of festive trading in a cost-of-living crisis
The most important trading season of the year has arrived, and in an intensely competitive market, retailers can’t afford to fail. With mounting costs eroding margins, and a cost-of-living crisis dissuading customers from indulging too heavily this season, retailers know they have to work harder and smarter to turn a…
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2 DecemberAnalysis
A ‘fall from grace’: what went wrong with Made.com
Made.com was once a force to be reckoned with in the retail landscape. Having launched 12 years ago, the group had since enjoyed a rise to dizzying new heights. The company used sleek marketing to tap into its millennial customer base, and became one of the most popular destinations for…
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Nov- 2022 -18 NovemberEconomy
UK consumer confidence rises to -44 in November
The consumer confidence index increased three points in November up to -44, but it still remains close to a historic low according to data from Growth from Knowledge (GFK). The overall index score has been steadily rising since September when it was -49. The score was -47 for October. However,…
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