Covering the four weeks 31 December 2023 – 27 January 2024 According to BRC-Sensormatic IQ data: Total UK footfall decreased by 2.8% in January (YoY), up from -5.0% in December. High Street footfall decreased by 2.3% in January (YoY), up from -4.2% in December. Retail Parks footfall decreased by 1.8% in January (YoY), up from […]
Companies listed in the UK FTSE Retailers sector issued 24 profit warnings in 2023, a third (12) fewer than the 36 issued in 2022, according to EY-Parthenon’s latest Profit Warnings report. While 2023 saw a fall in the number of warnings issued by the retail sector compared to 2022, 40% of FTSE Retailers issued a […]
Today, Square, the technology company that makes commerce and financial services easy and accessible, has released its fourth annual Future of Commerce report. The report features comprehensive analysis on how business owners and consumers are considering the evolution of the restaurant, retail, and beauty industries, offering insights on how these businesses are shifting – and […]
Despite the ongoing challenges of the High Street, there continues to be a positive outlook for out-of-town retail, with record rents being set for drive thru/to units, according to SHW’s High Street & Out of Town Retail Focus Q1 2024. Richard Pyne, partner and head of retail agency at SHW, says: “On the High Street, […]
Period Covered: 01 – 07 January 2024 Shop Price annual inflation eased to 2.9% in January, down from 4.3% in December. This is below the 3-month average rate of 3.9%. Shop price annual growth is its lowest since May 2022. Non-Food inflation fell to 1.3% in January, down from 3.1% in December. This is below […]
Retail sales fell in the year to January at the sharpest pace in three years, according to the latest monthly CBI Distributive Trades Survey. This month’s decline extends a downturn in sales that stretches back to April 2023. Looking ahead, the slump in retail sales is expected to continue at the same rapid pace next […]
2023 was a challenging year for consumers, with the ONS showing that retail sales volumes fell by 2.8% on the previous year, only a slight improvement on the 3.9% drop in 2022. Retail volumes are now lower than they were in 2019. This matters. Retail is the ‘everywhere economy’, with a presence in every village, […]
High streets are iconic thoroughfares at the heart of many communities and have long held a special place in the hearts of the British public. However, in recent years, they have faced unprecedented challenges, from Covid, the cost-of-living crisis to the rise of online retail. In light of this, Legal & General conducted a survey […]
Sales figures are not adjusted for inflation. Given that both the December SPI (BRC) and November CPI (ONS) show inflation running at higher than normal levels, the rise in sales masked a likely drop in volumes once inflation is accounted for. Like-for-like data has been moved from the bullets to the tables at the bottom. […]
The UK’s small retailers plan to invest in new technology in the year ahead as part of strategies to drive business growth and improve customer experience, according to the latest research from American Express. Asked about how they planned to safeguard their business this year, the survey of independent retail and hospitality business owners found […]
