Disposable Income
This coverage analyses how changes in disposable income influence UK retail performance and consumer behaviour. Reporting explores economic indicators, spending patterns, affordability challenges, and their impact on retail sales, pricing strategies, and category performance. Designed for professionals assessing market conditions, forecasting demand, and shaping strategies in response to household financial trends.
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Nov- 2022 -8 NovemberClothing & Shoes
Primark sales rocket 43% in FY22
The parent company of Primark, Associated British Foods, has announced that Primark’s total sales rocketed by 43% to £7.7bn in FY22, as the group welcomed a “significant” rise in customer footfall and sales densities. In the UK, like-for-like sales and market shares returned to pre-pandemic levels, though weaker like-for-like sales…
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7 NovemberClothing & Shoes
Joules explores CVA as trading lags behind expectations
Joules has announced it is exploring a possible CVA after trading continued to soften in recent weeks, as it continues to work alongside Interpath Advisory to explore a number of options to secure the group’s future. As part of its turnaround plan, the group also advanced discussions with a number…
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1 NovemberSupermarkets
Asda launches meal deal to help over-60s this winter
Asda has announced its new ‘winter warmers’ meal deal, targeted at helping older customers struggling with spiralling cost of living prices. The supermarket is offering customers aged 60 and over the chance to purchase soup, a roll and unlimited brews for just £1 in any of its 205 cafes all…
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Oct- 2022 -26 OctoberHigh Street
Virgin Wines posts profit upturn as it warns of oncoming crisis
Virgin Wines has said that its profits before tax rose to £5.1m for the year ended 1 July 2022, up from £1.7m in 2021. While group revenues fell year-on-year from £73.6m to £69.2m, it remains 63% above pre-pandemic levels three years ago. Meanwhile the group’s cash balance was down from…
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11 OctoberHigh Street
ScS sees revenues rise but warns of reduced consumer confidence
ScS has reported a record 8.6% revenue rise in its preliminary results for the 52-week period ended 30 July 2022, as it also warned that recent trading had been impacted by falling consumer confidence. ScS confirmed revenues hit £331.6m, up from £305.2m. Despite the revenue increase it added its pre-tax…
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Sep- 2022 -21 SeptemberAnalysis
Inflation, fast fashion and how to keep shoppers in a recession
According to the Office for National Statistics (ONS), inflation is back in the single digits in August after it rose to worrying heights in July. However, despite its fluctuations, inflation has remained at record-breaking levels, damaging profits for affordable fashion retailers among others in different sectors. According to Fashion Network,…
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13 SeptemberAnalysis
Retailers’ demands of the new PM
Liz Truss is fresh in her new role as prime minister with enough enthusiasm to tweet, “it’s time to deliver for the people of the United Kingdom”, but while the new Tory leader was yet to be decided, business owners were left with fears that their upcoming winter troubles would…
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8 SeptemberClothing & Shoes
Primark owner warns on lower profits
Primark’s owner, Associated British Foods (ABF), has warned of lower profits for the next fiscal year due to cost inflation, higher energy costs, and market volatility following the strengthening of the US dollar at the end of this quarter. Primark’s operating profit margin is now expected to be lower than…
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Aug- 2022 -12 AugustDepartment Stores
John Lewis to retire ‘never knowingly undersold’ pledge
John Lewis has announced that it is set to reveal a new company slogan on 22 August, retiring its 97-year-old price pledge of “never knowingly undersold”. The retailer first revealed the pledge was under review in March 2020, a month after Sharon White joined as chair. The Guardian reported that…
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Jul- 2022 -8 JulyEconomy
Superdrug sees profits surge 5% to £45m
Superdrug has revealed its full-year profit before tax has increased 141.3% to £45.3m, compared with £18.8m the previous year for the 53-week period ended 1 January 2022. It comes as it revealed its full-year revenues also increased 5.1% to £1.168bn, compared with £1.11bn in 2020 for the 53 week period…
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