Today, The British Retail Consortium (BRC) has published its BRC Payments Survey, showing a rise in the use of cash for the second year in a row to 19.9% of transactions in 2023 (from 18.8% in 2022). Debit cards remained far and away the most common method of payment, increasing to 62.0% of transactions (66.7% […]
Savills research reveals that the recovery on Europe’s prime mass market high streets – well-located, high-traffic retail areas that serve a broad consumer base – has gained momentum, with Q3 year-on-year (YoY) rental growth averaging 9.9%, nearly seven times the 1.5% recorded a year earlier. Prime luxury streets also saw strong rental growth at 5.9% […]
Period Covered: 01 – 07 November 2024 Shop Price deflation was at 0.6% in November, up from deflation of 0.8% in the previous month. This is slightly above the 3-month average rate of -0.7%. Shop price annual growth remained its lowest rate since September 2021. Non-Food remained in deflation at -1.8% in November, up from -2.1% in […]
Responding to the latest ONS Retail Sales Index figures, which showed sales up 1.8% by value, and up 2.0% by volume, Kris Hamer, director of insight at the British Retail Consortium, said: “While October produced a positive start to the ‘golden quarter’, with year-on-year growth for the fourth month in a row, there was a monthly […]
‘Black November’ has gotten off to a poor start for eCommerce, with sales dipping markedly in the first two weeks. IMRG’s Online Retail Index, which tracks the online sales performance of 200+ retailers, reported a -5.9% Year-on-Year (YoY) decline in the week commencing 28th October, the sharpest drop since June this year. The week commencing […]
Brits are embracing shopping small, with shoppers willing to pay more to prioritise purchases from small businesses over larger competitors this holiday season, reveals new research from GoDaddy. Over half (54%) of shoppers aim to have their gift shopping for the festive season completed ahead of December, with seven in 10 reporting that, despite cost-of-living […]
New insights from Experian, in partnership with Reward, reveal that consumers – despite the festive tradition of heading to the high street – are likely to do more of their Christmas shopping online this year than previously. This is according to analysis based on transaction data from over 4 million UK cardholders across more […]
The UK convenience store market is poised for further growth, with international real estate advisor Colliers forecasting store numbers to grow an additional 9% by 2027 as the market continues to expand. The research from Colliers has found that, in the last decade, the number of convenience stores in the UK has risen substantially, from […]
Consumer card spending grew 0.7 % year-on-year in October – less than September’s increase (1.2 %) and below the latest CPIH inflation rate of 2.6 %. Growth was propped up by spending on non-essential items, which climbed 2.1 %, driven by the strong performance of entertainment, up 13.5 %, and the recovery of retail, which […]
Covering the four weeks 29 September – 27 October 2024 UK Total retail sales increased by 0.6% year on year in October, against a growth of 2.6% in October 2023. This was below the 3-month average growth of 1.3% and the 12-month average growth of 1.0%. Food sales increased 2.9% year on year over the three […]
