Responding to the latest ONS Retail Sales Index figures, which showed sales up 3.4% by value, and up 0.4% by volume, Kris Hamer, director of insight at the British Retail Consortium, said: “Sales volumes returned to growth in March, helped by sales of food, beverages and household goods. While consumer confidence remains weak, it is […]
Responding to the latest CPI inflation figures which show headline inflation falling to 3.2% and food inflation falling 1 percentage point to 4.0%, Kris Hamer, director of insight of the British Retail Consortium, said: “Cost pressures on households eased in March as inflation dropped to its lowest level since September 2021. Energy prices remain deflationary, […]
As the sale of Curry’s, one of the UK’s leading appliance retailers, unfolds, many retailers are left wondering – are consumers spearheading the decline of traditional white goods and electronic retail outlets in favour of online shopping? As the digital era continues to reshape consumer behaviour, the latest findings from ShipStation’s Ecommerce Delivery Benchmark Report […]
Consumer card spending growth flatlined in March, on par with February’s 1.9 % uplift, and significantly less than the latest CPIH inflation rate of 3.8 %. This was largely due to a slowdown in non-essential spending, which saw its smallest increase (1.6 %) since September 2022, as wet weather dampened both retail and restaurant sales. […]
Covering the five weeks 25 February – 30 March 2024 UK Total retail sales increased by 3.5% year on year in March, against a growth of 5.1% in March 2023. This was above the 3-month average growth of 2.1% and the 12-month average growth of 2.9%. Food sales increased 6.8% year on year over the […]
Covering the five weeks 25 February 2024 – 30 March 2024 According to BRC-Sensormatic IQ data: Total UK footfall decreased by 1.3% in March (YoY), up from -6.2% in February. High Street footfall decreased by 1.5% in March (YoY), up from -9.3% in February. Retail Parks footfall decreased by 3.5% in March (YoY), up from […]
The UK insurance industry is on alert following ground-breaking new research revealing a shocking lack of trust and understanding among consumers. The Claiming Loyalty study from Love2shop found just three in 10 UK adults (30%) trust their insurance provider. Meanwhile, 35% of young adults, over 2.5 million people, admit they don’t understand how insurance works, while 45%, or 5.75 million people, avoid renewing […]
Period Covered: 01 – 07 March 2024 Shop Price annual inflation eased to 1.3% in March, down from 2.5% in February. This is below the 3-month average rate of 2.2%. Shop price annual growth is its lowest since December 2021. Non-Food inflation fell to 0.2% in March, down from 1.3% in the preceding month. This […]
Retail sales were broadly flat in the year to March, according to the latest monthly CBI Distributive Trades Survey. The stabilisation in sales follows ten months in a row of decline. Looking ahead, retailers expect year-on-year sales volumes to fall in April. The key survey findings included: Retail sales volumes were broadly flat in the […]
Responding to the latest CPI inflation figures which show headline inflation falling to 3.4% and food inflation falling 1.9 percentage points to 5.0%, Kris Hamer, director of insight of the British Retail Consortium, said: “After a rocky start to 2024, inflation is once again on its way down. February’s figures were driven by falls in […]
