Responding to the latest CPI inflation figures which shows headline inflation falling to 6.7% and food inflation falling to 13.6%, Helen Dickinson, Chief Executive of the British Retail Consortium, said: “Food inflation eased for the fifth month in a row, underpinning the hard work by retailers to bring costs down. Fierce competition between supermarkets has […]
The retail landscape continues to evolve, and businesses are seeking innovative ways to bridge the gap between online and offline customer engagement. Total retail footfall in the UK increased by 1.8% in July according to the British Retail Consortium, and as the build up to Christmas begins, this is set to increase. Programmatic and data […]
44 retail leaders, representing over one third of the retail industry (by employees), have written to Chancellor Jeremy Hunt MP to call for a freeze in the business rates multiplier to be announced at the upcoming Autumn Statement. The retail industry pays over £7bn a year in business rates. Without action from the chancellor, the […]
Sales figures are not adjusted for inflation. Given that both the August SPI (BRC) and July 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. […]
‘Barbie’ and ‘Oppenheimer’ led to a blockbuster month for cinemas, up 101 % International travel spending held up, while pharmacy, health & beauty stores were boosted by pre-holiday purchases High street and hospitality sales were hampered by wet weather in early August, as fewer Brits visited shops, restaurants and pubs Meanwhile, consumers are noticing that […]
Leisure experience developer Pocket Planet announces today the details of a unique new immersive experiential attraction for London, set to attract over a million visitors per year and to support the revitalization of Oxford Street. Pocket Planet is building an innovative visitor and retail experience offering Londoners, visitors and tourists of all ages and nationalities […]
Period Covered: 01 – 07 August 2023 Shop Price annual inflation decelerated further to 6.9% in August, down from 7.6% in July. This is below the 3-month average rate of 7.7%. Shop price growth is at its lowest since October 2022. Non-Food inflation remained unchanged at 4.7% in August. This is below the 3-month […]
Retail sales volumes fell in the year to August for a fourth consecutive month, and at the fastest pace since March 2021, according to the latest quarterly CBI Distributive Trades Survey. Sales are expected to contract again next month, albeit at a slower pace. The key survey findings included: • Retail sales volumes in the […]
According to Savills, rents on Edinburgh’s George Street have risen by as much as 25% in the last 12 months, reaching £150 per sq ft for prime Zone A units. This follows the latest deal to Me&Em, which brings the vacancy rate on the street to just 5%, falling from 15% at the height of […]
Online grabbed 27.4% of all retail sales in July, says the home delivery expert ParcelHero. That’s its biggest share of the market since February 2022. Britain’s lousy weather is being blamed for a fall in high street shopping as stores pray for late summer sun. Online sales soared while high street spending slumped, as the […]
