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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Dec- 2019 -16 DecemberBusiness Bites
The latest business data is bad news, but the reasons given spell a good omen
This morning there was some bad news for business, but which definitely comes with a silver lining. So, the bad news first: the ‘Flash UK Composite Output Index’ from data firm, Markit, which tracks private sector business activity, found that it shrunk during the month of December. It has dropped…
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10 DecemberHigh Street
McColl’s earnings to fall short of expectations
Convenience retailer McColl’s has revealed that earnings are set to fall short of expectations amid “unseasonable weather and lower consumer confidence”. In a full year trading update for the period ending 24 November 2019, total revenue was down by 1.9% for the year, which was a reflection of store divestments…
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4 DecemberHigh Street
Clintons saved from administration
Clintons has been saved from administration after the Weiss family regained control of the business through a new entity. Will Wright and Steve Absolom from KPMG, who were appointed joint administrators, sold the brand and its assets to Esquire Retail Limited – a holding company for the Weiss family. The…
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3 DecemberHigh Street
Black Friday footfall up 3.3%
Black Friday footfall rose by 3.3% year-on-year according to the latest figures from Springboard. The Retail intelligence experts found that shopper numbers increased in all three destination types with shopping centres faring the best with an increase in footfall of +6.5% as shoppers looked to make the most of the…
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Nov- 2019 -29 NovemberEconomy
Consumer confidence ‘flatlines’ in November, claims GfK
GfK’s Consumer Confidence Index has revealed a ‘flatline’ in consumer confidence. Consumer confidence in November was ranked at -14, the same ranking that was reported the month prior. Joe Staton, client strategy director at GfK, said: “In the face of Brexit and election uncertainty, consumers are clearly in a ‘wait-and-see’…
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27 NovemberHigh Street
Shop prices fall for sixth consecutive month
Shop prices fell for the sixth consecutive month, according to the November BRC-Nielsen Shop Price Index. Overall prices fell by 0.5% year-on-year compared with a 0.4% price decrease in October. Non-food item prices also decreased by 1.6% year-on-year. Meanwhile, food item prices increased 1.4% year-on-year, reflecting an ease in inflation…
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27 NovemberDIY
SCS reports sales slump
Furnishings retailer SCS has reported a fall in like-for-like sales amid “growing political uncertainty”. In the 17 week period ended 23 November, like-for-like sales fell by 7.1%. Meanwhile, overall like-for-like sales fell by 4% in a two-year period. The company said this was an “improvement” on the like-for-like trading in…
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13 NovemberAdvice
A festive general election: how will retailers survive Christmas 2019?
For retailers, the closer it gets to Christmas, the more political uncertainty there is leading to dwindling consumer confidence and irrefutable anticipation of poor festive sales. After a year of struggle for retailers across the country and more odds against them, how can this festive season be the most profitable…
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11 NovemberHigh Street
Brexit woes and wet weather dampen October footfall
Retail footfall faced further decline in the month of October, according to new figures from the BRC-Springboard Footfall and Vacancies Monitor. Footfall in non-food stores fell -6.2% from October of the previous year, whilst shopper numbers fell significantly by -3.2%. Reduced footfall was felt in all sectors of retail, across…
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8 NovemberDIY
Halfords acquires garage chain amid profit plunge
Halfords has announced the acquisition of garage chain McConechy’s Tyre Service after closing a deal worth around £9.3m. The deal, which will see Halfords acquire all 60 sites and 100 vans belonging to the independent chain, will now allow the retailer to operate in more than 900 service locations across…
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