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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Sep- 2022 -23 SeptemberOnline & Digital
Made.com to shed workforce amid plans for company sale
Made.com could reportedly cut over a third of its headcount alongside plans to explore a potential sale of the group, as part of a board decision to conduct a formal review of the business amid “continued uncertainty” and challenging trade. In order to reduce costs amid the current trading environment,…
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23 SeptemberHigh Street
Consumer confidence plummets to record low in September
UK consumer confidence has plummeted to a record low of -49% in September, the lowest since 1974, according to the latest research from GfK. It comes amid the cost of living crisis as households struggle with soaring energy bills and inflation. Four measures were down in comparison to the 19…
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21 SeptemberNews
Eve Sleep losses widen amid ‘appalling’ market conditions
Eve Sleep, a direct-to-consumer sleep wellness brand, has reported EBITDA losses of £4.2m for the first half of 2022, compared with a loss of £1.9m for the same period the year prior. The report saw revenues down 16% to £11.6m for the six months ended 30 June 2022, compared with…
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6 SeptemberGovernment
Retailers call for strong leadership and high street support from new PM
The retail industry has urged Liz Truss to work alongside the sector and provide “strong leadership” amid the deepening cost-of-living crisis, as she succeeds the role of prime minister today (6 September). The British Retail Consortium (BRC) said that while the retail industry is ready to work with the new…
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5 SeptemberHigh Street
Ted Baker sees revenues increase amid stronger store sales
Ted Baker Group has revealed that its revenues for the 14-week period to 29 July 2022 was up 3.4% compared with Q2 FY22, but down 28.3% compared with Q2 FY20. According to the retailer, this was led by “stronger in-store performance, partially offset by continued disruption from re-platforming adversely affecting…
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Aug- 2022 -24 AugustHigh Street
Oxford St footfall up 24% as international travel begins to return
Footfall levels on London’s Oxford Street continued on an upward trajectory in July 2022, up 24% from the previous month, according to RSM UK’s analysis of the latest data from Datscha. Footfall as a whole increased 16% in July 2022, compared to the previous month. As well as London, Leeds…
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19 AugustEconomy
Consumer confidence hits record low of -44 in August
Acute concerns amid the soaring cost of living and bleak economic prospects saw GfK’s long-running Consumer Confidence Index fall by three points to -44 in August, the lowest since records began in 1974. It is reported that all five measures of the index were down in comparison to the 22…
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18 AugustNews
Angling Direct sales grow 1.3% in 2022 H1
Angling Direct has revealed its sales have grown 1.3% year-on-year to £38.9m in the first six month of 2022 ended July 31. While its first quarter sales grew by 5.4% to £21.9m, pressure on discretionary spending and consumer confidence meant that second quarter sales fell by 1.6%. In-store sales climbed…
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16 AugustHigh Street
Body Shop owner sees revenues decline 8.6%
Natura & Co, the owner of The Body Shop, Avon and Aesop has seen its group revenue decline 8.6% in the second quarter to 30 June. Net revenue at The Body Shop fell by 25.3% despite store revenues being up compared to last year due to a rise in footfall.…
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10 AugustEconomy
Heatwave helps boost retail sales 2.3% in July
Retail sales increased 2.3% in July as the heatwave experienced across the UK helped boost demand for “hot weather essentials”, according to the latest data from the BRC and KPMG retail sales monitor. UK retail sales increased 1.6% on a like-for-like basis from July 2021, when they had increased 4.7%.…
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