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- 2022 -24 JuneEconomy
UK consumer confidence sinks to new record low in June
UK consumer confidence has fallen to the lowest level since records began during the month of June, according to the latest figures from GfK. GfK’s long-running Consumer Confidence Index decreased one point to -41, a new record with four measures down in comparison to the May 20 announcement, with one…
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21 JuneOnline & Digital
Gear4Music profit dips in FY22
Gear4Music has reported gross profits of £41.1m in FY22, 11% below its “exceptional”, Covid boosted results in FY21, but 32% ahead of its FY20 results. Its reported EBITDA was £11.2m during the period, 43% below FY21 yet 44% ahead of FY20, while active customers hit 0.92 million, 13% behind FY21…
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17 JuneEconomy
N Brown reports 2.1% fall in first quarter sales
N Brown has revealed its sales dropped 2.1% to £165.1m during the first quarter of the year. In the 13 weeks to 28 May 2022, N Brown experienced a 7.2% drop in sales (£31.1m) among its heritage brands, while its strategic brands, JD Williams, Jacamo and Simply Be, experienced a…
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16 JuneEconomy
Halfords lowers FY23 profit expectations despite ‘resilient’ performance
Halfords Group plc has announced it has downgraded its profit expectations for the year despite seeing its profit before tax increasing 49.8% to £96.6m. In its preliminary results for the 52 weeks to 1 April 2022, the retailer posted revenues of £1.36bn – up almost 20% compared with pre-pandemic levels.…
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9 JuneEconomy
Retail sales dip in May as consumers cut spending
Sales across retail decreased by 1.1% in May, against an increase of 28.4% in May 2021, as consumers continued to cut spending amid the cost of living crisis, according to the BRC. This is below the three-month average growth of 0.7% and the 12-month average growth of 4.1%. On a…
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7 JuneHigh Street
May consumer spending rises 9.3%, Barclaycard reveals
Consumer card spending grew 9.3% in May compared to the same period in 2021, inflated both by the rising cost of living and the “artificially” dampened demand last year due to travel and hospitality restrictions amid the pandemic. According to data from Barclaycard, spending on essential items rose 4.8%, and…
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5 JuneFeatures
Less hands make light work: easing impact financial stress on UK retailers
Almost every person in the UK has been affected by the various economic issues currently plaguing post-pandemic pockets. While discretionary spending is reigned in for the majority, many are forced to re-evaluate even essential purchases. When consumers face financial pressures, the effects soon filter through to afflict retailers. At the…
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May- 2022 -23 MayOnline & Digital
Barclay Family to revive Very Group IPO plans
The owners of the Very Group, the Barclay family, are reportedly set to revive plans to float the company next year after initially postponing the idea due to unfavourable market conditions. According to The Sunday Times, the Barclay Family, which values the company at around £4bn, has offered incentive packages…
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20 MayEconomy
Consumer confidence drops to lowest level since 1974
UK consumer confidence has fallen to its lowest level since records began in 1974, according to the latest figures from GfK’s long-running Consumer Confidence Index. For the month of May, the index decreased by a further two points to -40 as four of the five measures that make up the…
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11 MayEconomy
Rising cost of living dents April retail sales
Retail sales decreased by 0.3% in April compared with the year prior, marking the first decline in 15 months as the rising cost of living starts to affect shoppers’ spending habits. According to the latest data from the British Retail Consortium (BRC) and KPMG’s retail sales monitor covering the four…
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