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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Apr- 2021 -23 AprilAdvice
Getting ready for the post-covid retail boom
From being in the grip of the second wave in a bleak mid-Winter two months ago with so much uncertainty and anxiety there really has been a remarkable turnaround due to the determination of all to fix this situation. A majority of the population have been vaccinated and sunnier days…
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23 AprilEconomy
Consumer confidence edges up alongside reopening
GfK’s consumer confidence UK Consumer Confidence Index increased one point to -15 in April as the retail sector reopened. Two measures were up in comparison to the March 19 announcement, one was flat and two measures were one point down. GfK found that the index measuring changes in personal finances…
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13 AprilOnline & Digital
Online sales continue ‘solid’ growth in March
Online retail sales continued to show strong growth in March, soaring 71.7% year-on-year, despite the upcoming end of lockdown and promise of in-store shopping in April, according to the latest IMRG Capgemini Online Retail Index. With last March coinciding with the start of lockdown, however, this growth must be put…
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9 AprilHigh Street
Total UK footfall decreases by 69%, BRC tracker finds
Total UK footfall decreased by 68.7% in March (Yo2Y), marking only a 4.9% improvement from February, according to the latest British Retail Consortium (BRC) Sensormatic tracker. The data, which covered the five weeks from 28 February to 3 April 2021, showed that the footfall drop in March was above the…
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Mar- 2021 -31 MarchComment
It’ll be alright on the night
They haven’t seen a customer for months, and if reports are to be believed, it’s likely that other, unwanted visitors have likely moved in. But, for now, let’s assume that the local pest control have done their job, spring and summer lines are on the rails, and the windows are…
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19 MarchEconomy
UK consumer confidence rises in March
Consumer confidence in the UK is on the rise, according to GfK’s monthly Consumer Confidence Index, as consumer confidence has increased by seven points on its monitor since last month. GfK’s index examines five key measures in economic confidence in regards to consumers, including their financial situation over the past…
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16 MarchNews
ScS welcomes ‘record’ H1 amid pent up demand
ScS has welcomed a “record” performance in the half-year ended 23 January 2021, with revenues up by 14.4% to £173.9m, in light of “pent up demand” witnessed over the summer. In the same period, profit before tax rose to £17.7m, up from a loss of £0.6m reported the prior year,…
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9 MarchOnline & Digital
Online retail sales up 70% in February
Online retail sales reportedly increased 69.5% year-on-year in February 2020, as Boris Johnson’s ‘roadmap’ out of lockdown supported consumer confidence. While the figure is slightly lower than January’s 74% growth, it is above the three, six, and 12-month rolling averages of 57.1%, 42.5%, and 42.7% year-on-year respectively. According to the…
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8 MarchHigh Street
February footfall falls by 73.5%
UK retail footfall for February reportedly fell 73.5% year-on-year, the second largest decline seen since May 2020. According to the British Retail Consortium, the drop represented a 3.4% improvement from January’s levels. The data stems from the latest ShopperTrak analysis, which has joined Sensormatic Solutions in turn changing the footfall…
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5 MarchHigh Street
Sales fall 3.1% in Feb despite record online sales
Shuttered high street shops contributed to a 3.1% decline in total like-for-like sales in February but fashion and homeware helped drive online sales to a record high, new figures from accountancy and business advisory firm BDO LLP reveal. According to BDO’s High Street Sales Tracker (HSST), total like-for-like (LFL) sales,…
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