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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Mar- 2021 -4 MarchHigh Street
February footfall rises across all destinations despite lockdown
Footfall across UK retail destinations rose by 16% in February against the previous month, despite the continuation of lockdown and ongoing restrictions on non-essential retail. According to Springboard’s latest footfall monitor, this marks the largest month-on-month increase for February since its footfall data first became available in 2009. Footfall rose…
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Feb- 2021 -9 FebruaryCoronavirus Featured Content
January retail sales slump to lowest level since May 2020
January saw retail sales growth decline to its lowest level since May of last year, figures by the BRC and KPMG show. According to the pair’s sales monitor, total retail sales dropped by 1.3% in January compared to 0.4% in January 2020 as national lockdown measures continue to disrupt trading. …
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8 FebruaryClothing & Shoes
Kurt Geiger reports pre-pandemic growth
Luxury footwear and accessories retailer Kurt Geiger has reported pre-pandemic growth to both its revenues and profits. Accounts filed at Companies House revealed that the group’s turnover rose to £347m for the year ended 1 February 2020, a year-on-year increase of 3.7%. Operating profit for the period also grew from…
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1 FebruaryCoronavirus
New lockdowns edge consumer confidence to near-record low
The final quarter of 2020 saw consumer confidence fall by 1%, to a near-record low -17%, according to the latest Deloitte Consumer Tracker. It found with the exception of personal finances, all other measures of confidence were below year-on-year comparisons, with ‘health and wellbeing’, and ‘children’s education and welfare’ categories…
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Dec- 2020 -9 DecemberSupermarkets
UK sees grocery boom as shoppers hit stores early
Grocery sales rose by 11.3% in the 12 weeks ended 29 November 2020, the fastest rate of growth since August, according to the latest grocery market share figures from Kantar. It comes as consumers have reportedly started their Christmas shopping early this year in preparation for the festive season. In…
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Nov- 2020 -17 NovemberEconomy
Consumer confidence falls with Covid restrictions
Consumer confidence in the UK has dropped significantly with the introduction of further pandemic restrictions, according to new data from PwC. Recent measures to combat the spread of Covid-19 have seen consumer sentiment fall from -1 in to -10 in October. This is the sharpest decline since the initial lockdown…
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6 NovemberCoronavirus
October retail recovery reverses with new lockdown
Despite UK retailers seeing an economic recovery in October, a second national lockdown in England risks reversing the sector’s financial progress. According to BDO, with non-essential retail back on lockdown from yesterday (5 November) until the beginning of December, the “most critical season of the year is now under threat…
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Sep- 2020 -7 SeptemberComment
Rethinking your staffing requirements to survive the recession
With a new CBI survey revealing the highest level of retail job cuts since the 2009 crisis, lockdown restrictions, a lack of consumer confidence and less spending power continues to hit Britain’s high streets hard. While some businesses have remained resilient and are now back trading under revised conditions, a…
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Aug- 2020 -25 AugustDepartment Stores
DFS trading remains ‘strong’ despite lockdown
DFS announced today it is continuing to trade “strongly” both online and in showrooms despite the economic downturn, with year-on-year intake growth over the last six weeks that is equivalent to approximately £70m of revenues. This trading is “significantly” ahead of the furniture retailer’s initial expectations, with its previously announced…
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11 AugustCoronavirus
Retail sales rise for second month in a row
Total sales increased by 3.2% in July, against an increase of 0.5% in July 2019, marking the second consecutive month of growth since the start of the pandemic. According to the latest BRC-KPMG retail sales monitor, UK retail sales increased by 4.3% in the month against the year prior, following…
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