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- 2019 -27 MarchAdvice
Three marketing principles for challenging retail conditions
It’s a great time for putting the boot into retail in the UK. With sales growth down year-on-year and 85,000 job losses across the sector, negativity is on-trend. Much of this pressure is being felt by high street retailers: increasing overheads and declining consumer confidence have led to a situation…
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26 MarchClothing & Shoes
JoJo Maman Bebe founder says retail sector is ‘extremely tough’
The founder of babywear brand, JoJo Maman Bebe, has said consumer confidence is at an all-time low in an “extremely tough” retail sector. JoJo Maman Bebe has seen 20% growth per year and now has the capacity to send out 6,000 parcels a day, recently however, the company says it…
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14 MarchHigh Street
DFS revenues jump 29.1% in H1 results
Furniture retailer DFS has reported a 29.1% increase in group revenue to £422.3m for the 22 weeks ending 30 December 2018. Reported profit before tax more than doubled to £14.1m during the period from £6.2m last year, and underlying pro-forma EBITDA increased by 23.8% to £32.8m. The retailer also opened…
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8 MarchEconomy
Worst February in a decade for retailers, says BDO
High street retailers suffered the worst February in a decade for in-store sales, according to figures from BDO’s latest High Street Sales Tracker (HSST). According to the accountancy and business advisory firm, in-store like-for-like sales dropped -3.7% this month from a “poor base of” -1.6% for February last year. Additionally,…
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Feb- 2019 -28 FebruaryEconomy
UK consumer confidence up despite Brexit ‘fears’
Gfk’s long running Consumer Confidence Index Score went up by one point in February to -13, despite the continuous uncertainty surrounding Brexit. The measure for the general economic situation of the country during the last 12 months increased by two points to -33 this month, four points lower than February…
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22 FebruaryEconomy
Online retail records its ‘worst January sales growth’
Online retail recorded its worst January sales growth in three years last month, as the industry’s poor recent sales performance continued into the new year, according to the IMRG Capgemini eRetail Sales Index. E-commerce saw a 7% year-on-year increase which was slightly above the three-month average of 6.3% year-on-year, however…
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11 FebruaryHigh Street
18,722 retail jobs lost or at risk since Christmas day
Some 18,722 retail staff, 400 every single day, have either been made redundant or have had their jobs threatened since Christmas day, according to new data from real estate data service Altus. Oddbins, Patisserie Valerie, Greenwoods, Chapelle, tReds and HMV have all entered administration, with the music and film retailer…
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5 FebruaryHigh Street
Carpetright CFO to step down as sales fall
Carpetright has reported its like-for-like sales “remained negative” during the 13 week period ending 26 January and also revealed its CFO is to leave the company. In the trading update Carpetright said that “as anticipated” its UK like-for-like sales remained negative for the period, although the trend improved from that…
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Jan- 2019 -31 JanuaryEconomy
UK consumer confidence down five points year-on-year in January
GfK’s long-running Consumer Confidence Index decreased by five points year-on-year to -14 in January 2019. The measure for the general economic situation of the country during the last 12 months has dropped four points to -35 in January, six points lower than January 2018, with expectations for the next 12…
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29 JanuaryAnalysis
The UK’s high street woes
There are few sectors where the effects of the faltering UK economy have been more starkly visible than the retail sector. It seems that every day the media presents another story about a high street name facing financial difficulty. There are a multitude of factors playing into the softening consumer…
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