Forecast
This coverage delivers expert forecasts and market outlooks for the UK retail industry, analysing economic indicators, consumer confidence, and sector performance across key retail categories. Retail Sector reports on sales projections, seasonal trends, inflation impacts, and strategic insights from analysts and industry leaders. Coverage spans both short- and long-term outlooks for high streets, e-commerce, and major retail segments, helping professionals anticipate shifts in demand, pricing, and investment. For decision-makers, this category offers data-driven intelligence to support planning, budgeting, and growth strategies in an evolving market environment.
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Jul- 2024 -19 JulyNews
UK consumer confidence improves in July
UK consumer confidence has increased one point in July to -13, according to GfK’s long-running index. The survey revealed that two measures were up, one was down and two were unchanged in comparison to last month’s announcement. The index measuring changes in personal finances during the last year was up…
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15 JulyNews
Today’s news in brief-15/7/24
Luxury fashion brand Burberry has ousted CEO Jonathan Akeroyd following a sharp decline in sales during its first quarter. Sales plummeted by 21%, amounting to £458m, with the Americas and Asia Pacific regions experiencing a 23% drop, and Europe, the Middle East, India, and Africa (EMEIA) reporting a 16% fall.…
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10 JulySport & Leisure
Adidas set to announce highest profit in three years
Adidas could be set to announce its highest profit in three years amid success of its Samba and Gazelle trainers, according to reports from Reuters. Data from the London Stock Exchange Group (LSEG) forecasts that Adidas will see a profit margin of 51.4% for its second quarter, hitting its highest…
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1 JulyFeatures
How to unlock the power of sponsorships
Sponsorships are a way for brands to enhance brand visibility, foster customer loyalty, and drive sales. However, a lot goes into making the right decision on sponsorships. You must decide whether it’s right for you, what types of events or teams best align with your brand identity and what you…
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Jun- 2024 -21 JuneEconomy
UK retail sales jump 2.9% in May
UK retail sales volumes rose by 2.9% in May 2024, following a fall of 1.8% in April 2024, according to the Office for National Statistics (ONS). Sales volumes rose across most sectors, with clothing retailers and furniture stores rebounding following poor weather in April. More broadly, sales volumes rose by…
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10 JuneNews
New West End Company launches manifesto ahead of GE
New West End Company has announced the launch of its new manifesto ahead of the general election in July. The organisation said that the manifesto will focus on three pillars – supporting opportunity and growth, ensuring the West End is safe and accessible, and promoting the district on the international…
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7 JuneAdvice
Here’s why AI can boost your customer experience
Artificial intelligence is revolutionising industries across the board, and retail is no exception. Historically associated with sectors like healthcare, finance, and digital marketing, AI is now making significant inroads into both physical and ecommerce retail spaces. Hitachi Solutions has estimated that $40bn (£31.4bn) in additional revenues was driven by AI…
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May- 2024 -29 MaySupermarkets
M&S to invest £30m in London store portfolio
M&S has announced plans to invest over £30m in new and renewed stores across London this financial year, which is also expected to support an estimated 100 new jobs. As a result, the retailer will be opening two new fresh-market style food halls in Sidcup and Friern Barnet, as well…
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24 MayNews
Today’s news in brief-24/5/24
In April, retail sales volumes dropped by 2.3% following a 0.2% decline in March, primarily due to ongoing wet weather, as reported by the Office for National Statistics (ONS). Non-food stores experienced a significant 4.1% fall, equalling the largest drop since January 2021, with clothing, sports equipment, and furniture retailers…
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24 MayEconomy
Consumer confidence recovers in May
Consumer confidence has continued to recover by a three-point rise to -27 in May, according to GfK’s long-running Consumer Confidence Increase. While all measures were up in comparison to last month’s announcement, the figures remain in the minus. The forecast for personal finances is expected to increase five points to…
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