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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Jan- 2019 -21 JanuaryComment
Let’s give retail its pride back
Looking at all the analysis and commentary relating to the ‘golden’ quarter trading figures, published in January by the UK’s major retailers, it’s clear that after a dismal November, retailers had to play a game of catch up in the closing stages of 2018. Whilst there were some positive stories…
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21 JanuaryEconomy
Retail job losses to increase by 27,000, analysis suggests
Online retailers are having a “profound effect” on the commercial property market as the value in retail property is set to fall by 15.9% this year, new research has predicted. Furthermore, job losses and store closures have been forecasted to increase by 26,918 and 3,764 respectively compared with 2018 across…
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16 JanuaryEconomy
Build-A-Bear lowers UK trading expectations due to ‘significant’ Brexit challenges
Build-A-Bear has announced it has lowered its trading expectations for the UK due to “significant” challenges posed by uncertainty around Brexit. The retailer identified the EU’s GDPR laws as some of the factors causing uncertainty in its UK business. A statement by Build-A-Bear said its “sales decline will be largely…
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16 JanuaryEconomy
Consumer spending drops further in December with 1% decline
Consumer spending continued to fall in the month of December with a 1% decline, according to Visa’s UK Consumer Spending Index. The index compiled by IHS Markit, showed that overall expenditure continued to decline at the end of 2018. The 1% year-on-year reduction seen in December was the fastest seen…
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7 JanuaryEconomy
Retail administrations rise for second consecutive year
The number of retailers entering into administration in 2018 was 125 – compared to 118 in 2017, an increase of 6% according to Deloitte’s latest insolvency figures. Furthermore, the number of retailers entering into company voluntary arrangements (CVAs) increased by 52%, from 25 in 2017 to 38 in 2018. Deloitte’s…
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4 JanuaryComment
Carnage on the shop floor
The pressure on the retail sector has been a consistent staple for investors since the end of the financial crisis, partly as a result of changing shopping habits but also down to rising costs and outdated business models. This has been no better illustrated by the way UK consumers behaved…
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Dec- 2018 -21 DecemberHigh Street
December consumer confidence ends 2018 on five-year low
GfK’s long-running Consumer Confidence Index decreased by one point in December 2018 to -14. The measure for the general economic situation of the country during the last 12 months also dropped by two points to -31 this month, the same level as December 2017, and expectations for the next 12…
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21 DecemberEconomy
London’s West End to receive £186m pre-Christmas boost
Shoppers visiting London’s West End are expected to spend £186m in the final three days before Christmas, according to New West End Company, who represent over 600 retailers, hoteliers and property owners in the region. During these final three days more discounts and promotions will be on offer, including up…
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20 DecemberEconomy
Online breaks 20% of retail for first time
The quantity bought in retail sales increased by 0.4% in the three months to November 2018, driven by growths in non-food stores, online retailing and Black Friday promotions. According to the latest figures from the Office of National Statistics (ONS), during the month online sales as a proportion of all…
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18 DecemberEconomy
Consumer spending drags for second month in a row
Consumer spending has dropped by 0.7% in November, the second month of decline following the 0.2% drop in October according to Visa’s UK Consumer Spending Index. Expenditure also struggled to maintain growth momentum in 2018 to date, with spending falling in seven of the 11 months of the year so…
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