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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Dec- 2022 -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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18 NovemberEconomy
Retail reacts: Gov has taken ‘first step to longer term reform’
The retail industry has welcomed chancellor Jeremy Hunt’s Autumn budget announcement, with the BRC saying it shows “the government has heard the concerns of retail”, despite the CBI adding it believes “businesses will think there’s more to be done on growth”. Jeremy Hunt unveiled his Autumn budget on November 17,…
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15 NovemberEntertainment
Gear4music falls to HY loss despite uptick in revenues
Musical instrument retailer Gear4music has slipped to a half year loss despite reporting a 2% increase in revenues. For the trading period ending 30 September 2022, the company posted a net loss of £1.1m which is a 2.2% decrease compared with the previous year. It said the loss comes as…
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14 NovemberClothing & Shoes
Joules to fall into administration, 1,600 jobs at risk
Joules is set to appoint administrators after talks with potential investors collapsed, with up to 1,600 jobs now at risk. Earlier this month, the company announced it was in advanced discussions with a number of strategic investors regarding financing options for the group. It spoke with a number of strategic…
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9 NovemberAdvice
How retailers can win customers in a more challenging climate
As we enter this critical period of the year for retailers, they are faced with a series of new challenges dampening consumer confidence. The impact of inflation with consumers facing real term pay cuts, increased energy costs, surging mortgage bills and now the highest interest rate hike in more than…
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7 NovemberClothing & Shoes
Joules explores CVA as trading lags behind expectations
Joules has announced it is exploring a possible CVA after trading continued to soften in recent weeks, as it continues to work alongside Interpath Advisory to explore a number of options to secure the group’s future. As part of its turnaround plan, the group also advanced discussions with a number…
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3 NovemberHigh Street
Footfall gap from 2019 narrows in October to -9.8%
The gap in footfall from 2019 narrowed in October to -9.8% from -12.6% in September and -13.2% in August, according to the latest figures from Springboard. Overall it found the footfall was -10.5% in high streets, -14.7% in shopping centres and -3.3% in retail parks. Meanwhile, the uplift in footfall…
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3 NovemberClothing & Shoes
Zalando revenues rise by 2.9% in Q3
Zalando’s revenues have increased by 2.9% in its third quarter, with its adjusted EBIT increasing to €13.5m (£11.7m), up from €9.8m (£8.49m) in the same quarter a year ago. The group reports that its gross merchandise volume (GMV) has risen 7.1% to €3.28bn (£2.84bn), while the introduction of a minimum…
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Oct- 2022 -21 OctoberDIY
Wickes reports stable Q3 trading but warns of energy costs
Wickes has reported stable trading in its third quarter, with sales rising by 2.6% against the 0.8% growth reported for the first half, but has warned of rising energy costs in FY23. As trading stabilised in the period, sales were flat on a one year basis, but remained 27.3% ahead…
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