KPMG UK
This coverage focuses on KPMG UK’s insights and analyses pertinent to the UK retail sector. Reporting includes updates on consumer behaviour, retail sales performance, technological advancements, and strategic recommendations — offering retail professionals data-driven perspectives to inform decision-making and navigate the evolving retail landscape.
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Jan- 2024 -3 JanuaryNews
Almost half of consumers feel less financially secure, KPMG finds
Four in 10 consumers are heading into 2024 saying they feel less financially secure than when 2023 began, according to new research from KPMG UK. Assessing confidence for 2024, KPMG’s latest Consumer Pulse survey of 3000 UK consumers shows those feeling worse about their financial security outnumber those feeling more…
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Mar- 2023 -27 MarchFeatures
It’s always someone’s birthday: gift cards remain evergreen
Inflation and rising living costs have turned consumers into paranoid penny-pinchers, who are cautiously awaiting the next fiscal catastrophe to empty their wallets once again. According to Barclays, nearly six in 10 Brits are actively curbing their discretionary purchases, which has led to just a 5.5% uplift in year-on-year spending…
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Sep- 2022 -13 SeptemberEconomy
Unemployment falls to lowest level since 1974
Unemployment has fallen to its lowest level since 1974, currently sitting at 3.6% for the three months to July, according to the latest figures from the Office for National Statistics (ONS). The ONS also found that while unemployment fell there was also a decrease in the employment rate, while the…
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Feb- 2021 -15 FebruaryOnline & Digital
Year-on-year online gift cards and e-vouchers increase by 117%
Year-on-year sales of online gift cards and e-vouchers have increased by 117% during the second half of 2020 as Covid restrictions affected consumer trading. According to the latest analysis by the Gift Card & Voucher Association (GCVA) and KPMG UK, there was strong growth in the online channel for both…
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Oct- 2020 -13 OctoberEconomy
UK retail sales rise by 6.1% in September
Retail sales in the UK increased on a like-for-like basis by 6.1% in September from the same period last year, according to BRC-KPMG’s retail sales monitor. Non-food retail sales increased by 5.2% on a like-for-like basis by 5.2% and 3.2% on a total basis. On a total basis, sales rose…
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Jun- 2020 -12 JuneEconomy
UK GDP slumps over 20% in April as full impact of Covid-19 is felt
GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from the Office for National Statistics (ONS). It is the biggest monthly fall since the ONS’ series began in 1997, with the measure also falling by 10.4% in the three months…
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10 JuneEconomy
UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic
The continuing impact of the Covid-19 virus is expected to see the UK economy contract by 7.2% in 2020, with the economy unlikely to be able to fully restart until a vaccine or effective treatments for the virus are available. This is according to KPMG UK’s latest quarterly Economic Outlook,…
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Mar- 2020 -24 MarchEconomy
Covid-19 brings UK economy to temporary standstill, says KPMG
The impact of the Covid-19 virus is expected to see the UK economy contract by 2.6% in 2020, according to KPMG UK’s latest quarterly Economic Outlook. A protracted outbreak could also result in a more severe impact than the downturn experienced in 2008-09. However, it said the economy is expected…
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Feb- 2020 -11 FebruaryHigh Street
Administrations up 5% in 2019
The number of companies falling into administration across England and Wales increased by just under 5% in 2019, according to new analysis from KPMG. A study of notices in the London Gazette showed that a total of 1,403 companies went into administration during 2019, compared with 1,341 in the previous…
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