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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Oct- 2021 -11 OctoberCoronavirus
Consumer confidence hits lowest level this year
Consumer confidence has returned to pre-pandemic levels, but still hit its lowest point in 2021 following “record” highs earlier this year, according to PwC’s latest consumer confidence index. While inflation, ongoing concern over supply chains and empty shelves caused a slight decline in optimism, consumer confidence was +3 on the…
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8 OctoberClothing & Shoes
N Brown Group H1 profits hit £28.2m
Jacamo owner, N Brown Group, saw its pre-tax profits hit £28.2m for the six-months ended 28 August, rising from a profit of £14.1m the previous year, thanks to an ongoing strategic transformation in the period. Group revenue dropped slightly to £346.8m from £347.2m in 2020 as a result of Covid-29…
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Sep- 2021 -24 SeptemberEconomy
Consumer confidence falls amid ongoing supply chain issues
UK consumer confidence has fallen back five points in September, largely attributed to both shop supply shortages and rising prices, according to new research by GfK. GfK’s Consumer Confidence Index decreased by five points to 13 in September, with all measures down in comparison to August’s announcement. The data showed…
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8 SeptemberHigh Street
August online retail sales growth slows down
Online retail sales growth in August fell by 9.3% year-on-year, which was only a small improvement compared with July’s fall of 9.6%, according to the latest IMRG Capgemini Online Retail Index. The index revealed that August’s results were still “well below” the six (2.25%) and 12-month (21.37%) averages, but above…
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Aug- 2021 -20 AugustHigh Street
Retail sales growth slows in July
Retail sales volumes fell by 2.5% between June and July 2021, as rainy weather and last month’s ‘pingdemic’ dampened demand from consumers. Nonetheless, sales were still up by 5.2% in the three months to July against the previous three months, and 5.8% higher than their pre-pandemic February 2020 levels, according…
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10 AugustHigh Street
July sales increase 6.4% but remain below yearly average
On a total basis, sales increased by 6.4% in July, against a growth of 3.2% in July 2020, according to the latest British Retail Consortium (BRC)-KPMG retail sales monitor. Despite the rise in sales, however, the monitor found that this was below the three-month average growth of 14.7% and the…
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6 AugustHigh Street
Footfall stalls due to ‘turbulent’ July weather, says BRC
Total footfall across the UK declined 28% for the four weeks to 31 July 2021 when compared to the same period in 2019. According to the British Retail Consortium’s (BRC’s) sensormatic IQ data, the figure sits below the three-month average of a 27.7% fall. The drop has been attributed to…
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4 AugustComment
Why the coming economic boom will be bigger than we think
The world has been turned upside down in the past 18 months, making predictions a tougher game than ever. Economists are used to using metrics like inflation, consumer spending or job markets to predict what would happen. In this new world of Covid, furlough and post-Brexit trade, traditional measures are…
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Jul- 2021 -23 JulyHigh Street
Consumer confidence surpasses pre-pandemic levels
Consumer confidence increased to -7 this month, according to GfK’s Consumer Confidence Index, which is ahead of pre-pandemic levels previously reported. The index measuring changes in personal finances over the last year was -1, an increase of three points against July 2020, while the forecast for personal finances over the…
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9 JulyHigh Street
June sees LFL retail sales rise by 52.1%
Total like-for-like (LFL) retail sales increased by 52.1% in June, according to the latest BDO’s High Street Sales Tracker. The tracker also revealed that retail sales jumped 41.7% in the third week of June from a “poor base” of 7.07% for the same week last year when non-essential retailers began…
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