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 […]
Covering the four weeks 29 September 2024 – 26 October 2024 According to BRC-Sensormatic data: Total UK footfall decreased by 1.1% in October (YoY), down from +3.3% in September. High Street footfall decreased by 3.6% in October (YoY), down from +0.9% in September. Retail Park footfall increased by 4.8% in October (YoY), down from +7.3% in September. Shopping Centre footfall decreased by 1.6% in October (YoY), down from […]
New analysis from UKHospitality and the British Retail Consortium reveals that the sectors collectively pay one third of all business rates in the UK, while accounting for 9% of the economy. Both organisations are united in their call for the chancellor to implement a fairer level of business rates for hospitality and retail at the […]
Research on Peak Season shopping – Black Friday and Cyber Monday (BFCM) – in the UK released by leading digital payments company Checkout.com reveals this year’s upcoming trends. This data comes from a broader study analysing consumer trends driving the Digital Economy: Peak Season Trends 2024. Bargain-hunting Brits are planning to expand beyond clothing, beauty and […]
The Office for National Statistics has reported retail sales figures in Great Britain for September: · Retail sales volumes rose by 0.3% in September 2024 following a rise of 1.0% in August. · Non-food store sales volumes rose by 2.5% in September, Food fell by 2.4%. · Retail sales had been expected to rise by 0.3%. Charlie Huggins, manager […]
Responding to the latest CPI inflation figures, which show headline inflation falling to 1.7% and food inflation rising 0.6 percentage points to 1.9%, Kris Hamer, director of insight of the British Retail Consortium, said: “Inflation was down on August, dropping below the Bank of England’s 2% target for the first time in over three years. This was driven […]
Consumer card spending increased 1.2 % year-on-year in September, after returning to growth in August, but remained lower than the latest CPIH inflation rate of 3.1 %. Non-essential spending saw its highest growth so far this year, at 2.7 %, as retailers’ discounting incentivised shoppers. Several retail sub-categories enjoyed a strong performance, such as clothing, […]
Covering the five weeks 25 August – 28 September 2024 UK Total retail sales increased by 2.0% year on year in September, against a growth of 2.7% in September 2023. This was above the 3-month average growth of 1.2% and the 12-month average growth of 1.1%. Food sales increased 3.1% year on year over the […]
