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- 2024 -18 DecemberHigh Street
Shoe Zone halves profit guidance and warns of store closures
Shoe Zone has halved its profit expectations for the year to 27 September 2025, downgrading it to “no less than” £5m, down from the previous guidance of £10m. It comes as the high street shoe retailer experienced “very challenging trading conditions” for the first two months of FY25 and the…
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13 DecemberAnalysis
How China and ‘memory makers’ are shaping luxury retail trends
The global luxury retail market is at a turning point, navigating economic shifts, evolving consumer preferences, and new growth opportunities. Insights from Morningstar’s Luxury Landscape and other industry reports have explained what trends really shaped the luxury segment year, giving us a good idea of what to expect in 2025.…
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13 DecemberNews-In-Brief
Today’s news in brief-13/12/24
Hundreds of Harrods workers, including retail, restaurant, and cleaning staff, are set to strike on 21–22 December and Boxing Day in a dispute over Christmas bonuses and working conditions. The United Voices of the World (UVW) union said 95% of its members voted to strike after management refused negotiations. Workers…
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13 DecemberNews
Consumer confidence improves marginally in December
Consumer confidence edged up in December as it increased by one point leaving “some room for optimism” despite the public being cautious with big purchases, GfK revealed. According to the latest index for the month, consumer confidence increased by one point reaching -17. Personal financial situation increased by two points…
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5 DecemberHigh Street
Frasers lowers profit guidance as H1 sales fall 8.4%
Frasers Group has lowered its profit guidance for FY25 to between £550m to £600m, having seen its sales fall by 8.4% to £2.45bn in the first half to 27 October. This downgrade is from an earlier boundary of £575m to £625m, as Frasers noted that recent trading conditions have been…
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3 DecemberNews-In-Brief
Today’s news in brief-3/12/24
Boohoo has repaid £50m of its £97m term loan following a £39.3m oversubscribed fundraising effort. The move aligns with its turnaround strategy after half-year losses tripled to £27.4m and revenue dropped 15% to £619.8m. CEO Dan Finley called Boohoo “significantly undervalued” as major shareholders, including the Kamani family, boosted their…
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Nov- 2024 -28 NovemberEconomy
Consumer confidence remains weak as Christmas approaches
Consumer confidence remains weak in the run up to Christmas, according to the the British Retail Consortium (BRC)-Opinium Consumer Sentiment Monitor. It comes as the survey found that consumer’s expectations for their personal financial situation improved slightly to -3 in November, up from -4 in October. Meanwhile, their expectations for…
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22 NovemberEconomy
UK consumer confidence rises post-budget
UK consumer confidence increased three points to -18 in November, according to GfK’s long-running index. The survey revealed that all measures were up in comparison to last month’s announcement. The index measuring changes in personal finances during the last year was up one point at -9. Meanwhile, the survey revealed…
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22 NovemberNews
Retail sales dip by 0.7% in October
Retail sales have dipped in October by 0.7% following a rise of 0.1% in September, the ONS has revealed. New figures released today (22 November) show that when compared with their pre-coronavirus pandemic level in February 2020, volumes were down by 1.5%. However, over the year to October 2024, sales…
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19 NovemberLuxury Goods
Mulberry to ‘rebuild’ business after losses widen and sales plunge 19%
Mulberry has seen its losses widen to £15.3m in its half-year results, up from a previous loss of £13.5m, as sales plummeted amid a period of “significant uncertainty” for the business. In the half-year ended 28 September 2024, revenues fell by 19% to £6.1m, with UK sales down by 14% to…
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