2020 was a turbulent year in which much of retail bounced between being open and closed, impacting footfall significantly. To make meaningful comparisons to changes in footfall, all 2021 figures are compared with 2019 (pre-pandemic). This means our 2021 figures are now year-on-two-years (Yo2Y), rather than year-on-year (YoY). Covering the four weeks 31 October – […]
Period Covered: 01 – 05 November 2021 Shop Price annual rose by 0.3% in November compared to October’s decrease of 0.4%. This is a above the 12- and 6-month average price decreases of 1.2% and 0.6%, respectively. This is the first time that prices have risen since May 2019. Non-Food deflation slowed to 0.1% in […]
Data released today by Quantum Metric, the SaSS company for digital customer insights, has found that a struggling UK supply chain is making the UK public more conscientious shoppers ahead of Christmas and into 2022. When asked how continuing shortages will impact them, consumers said they expect to keep a closer eye on spending due […]
Bargain loving Brits are yet to ramp up their spending as Black Friday approaches, with debit card spending at retail outlets up just 2% in two weeks , the latest spending analysis from Lloyds Bank has found. With many shoppers perhaps holding out for Black Friday deals, spending on clothing (2%) and jewellery (2%) remains […]
Inclusive clothing e-retailer Snag Group has unveiled plans to expand in the UK and overseas. The Livingston-based e-commerce company, which sells recyclable hosiery and clothing for people of all sizes, was founded in 2017 by entrepreneur Brie Read who wanted to build the business on a foundation of size inclusivity and tights that provided a […]
With the festive season fast approaching and consumers across the UK hitting the shops for those all-important seasonal gifts, American Express is once again running its Shop Small Offer to support local small businesses at this vital time. From 4-15 December 2021, American Express Cardmembers will receive a £5 statement credit when they spend £15 […]
A sustainable business whose offering includes hand-crafted products made from upcycled materials has launched following support and advice from Business Gateway. Made in Greenock’s core mission is to reduce and eliminate the negative environmental impacts of waste by giving unwanted materials a new lease of life. Products include Sri-Lankan inspired jewelled bangles made from Pringles tubs and spare saree fabric which are decorated with glass beads and […]
As thoughts start to turn to the festive period, UK retailers are preparing for a strong uplift in sales this holiday shopping season. According to Mastercard SpendingPulse™, which measures in-store and online retail sales across all forms of payment, UK sales* are expected to grow by 8% between 1 November and 26 December compared to […]
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown: ‘’The customer trolley dash for treats at Marks and Spencer, which has prompted the retailer to raise its forecast for full year profit, shows just how lucrative the food arm of the business has become. Marks and Spencer may have been late to the grocery e-commerce […]
Despite expectations that an early start to festive spend might herald a return to growth in October, online retail sales have continued to remain low, falling by -11.2% Year-on-Year (YoY). This is according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. While the Month-on-Month (MoM) […]
30/11/2021
Edition 295 – November 2021
Well read? By Business Money group editor Robert Lefroy Great expectations Jo...
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