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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Feb- 2020 -11 FebruaryHigh Street
Administrations up 5% in 2019
The number of companies falling into administration across England and Wales increased by just under 5% in 2019, according to new analysis from KPMG. A study of notices in the London Gazette showed that a total of 1,403 companies went into administration during 2019, compared with 1,341 in the previous…
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Jan- 2020 -31 JanuaryHigh Street
Consumer confidence rises in January
Consumer confidence in the UK increased over January, according to the latest research from Growth from Knowledge (GfK). The research group’s Consumer Confidence Index has increased two points to –9 during the month, as four measures increased and one measure decreased. The Personal Financial Situation index, which measures changes in…
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29 JanuaryAnalysis
British Airways gets flighty and Starbucks smells the coffee over coronavirus
The business response to the coronavirus situation, which appears to be developing into a serious crisis, continues apace today. British Airways today announced that it was suspending all flights between the UK and Wuhan, the Chinese city where the virus originally broke out. In a statement it said: “We have…
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24 JanuaryOnline & Digital
December online retail sales surge 9.4%
UK online retail sales growth spiked by 9.4% year-on-year in December 2019, according to the latest IMRG Capgemini Online Retail Index. The report said online retail “defied” forecasts of poor turnouts during the festive season, with Q4 recording a growth rate of 11.3%. This was largely boosted by November’s peak…
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16 JanuaryDIY
Halfords hails ‘strong’ Q3 sales performance
Halfords has reported a “solid” performance in its third quarter of trading, with total group revenue up 4.6%. In the 14 weeks ended 3 January 2020, like-for-like revenue was also up 1.3%. Retail cycling delivered “strong sales growth” in particular, with like-for-like sales increasing 5.9% in the period. Halfords said…
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15 JanuaryHigh Street
22,000 retail jobs lost in 2019 due to administrations
Almost 22,000 retail jobs were lost in 2019, according to new data from specialist finance broker firm ABC Finance. Some 1147 retail premises closed during the year, with the firm explaining that the most common causes for these closures included rising overheads such as rent on retail units, as well…
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13 JanuaryHigh Street
December footfall hit by Black Friday
Footfall dropped 2.5% in December, according to the latest figures from Springboard’s footfall monitor and insights. The data provider said this came as “no surprise”, as December footfall has only increased once since 2009. Despite this, the fall was at the “upper end of the scale of decline”. The “noticeable”…
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10 JanuaryAnalysis
Spooked markets seem soothed by Iran-US climb-down
When Iran decided to hit back on US military facilities after president Trump ordered the assassination of Iranian general Qasem Soleimani, there was talk of the outbreak of war. NATO countries apparently implored Trump not to go for another attack, fearing that if he did things would escalate beyond control…
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Dec- 2019 -20 DecemberHigh Street
Consumer confidence increases in December
Consumer confidence has risen three points this month, according to the latest figures from GfK’s Consumer Confidence Index. Consumer confidence now stands at -11, after an increase of 4 measures and decrease of 1 measure so far this month. The first index, which measures changes in personal finances, decreased by…
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18 DecemberOnline & Digital
Online sales soar in November
Online sales grew 16.4% year-on-year in the month of November, according to the latest figures from the IMRG Capgemini Online Retail Index. The index, which tracks the performance of some 200 retailers, recorded the largest monthly growth since April 2018. This figure significantly surpassed the three month, six month and…
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